HEALDSBURG PERFORMING ARTS THEATER (EIN 680470571) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Tax Period

2023-08-01 to 2024-07-31

HEALDSBURG PERFORMING ARTS THEATER, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $554K in total revenue in fiscal year 2023. Expenses of $632K exceeded revenue, resulting in a 14% operating deficit.

Mission

SOLICIT AND RECEIVE DONATIONS, GRANTS AND EVENT REVENUES FOR OPERATION AND DEVELOPMENT OF A THEATER ARTS FACITILTY TO HOLD PERFORMANCES UNDER THEIR CONTRACT & DIRECTION. THIS FACILITY IS AVAILABLE TO LOCAL GROUPS & ORGANIZATIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $199,709

Program Service Revenue $270,139

Investment Income $0

Other Revenue $84,321

TOTAL REVENUE $554,169

Expense Breakdown

Grants Paid $0

Salaries & Benefits $165,169

Fundraising Expenses $0

Program Expenses $632,129

Other Expenses $466,960

TOTAL EXPENSES $632,129

Year-over-Year Comparison

	2023	2022	Change
Revenue	$554,169	N/A	N/A
Expenses	$632,129	N/A	N/A
Net Income	$-77,960	N/A	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY WATTS SPARKS	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS BRAND	EXECUTIVE DIR	30.00	Director	$0	$0	$0
TONY CORREIA	TRESURER	0.00	Officer	$0	$0	$0
JOSEPH GELLURA	SECRETARY	0.00	Officer	$0	$0	$0
RICHARD NORGROVE	PRESIDENT	0.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$554,169	$632,129	$867,821	$-77,960
2023	$517,754	$563,189	$938,613	$-45,435
2022	$434,509	$371,580	$986,529	$62,929
2021	$242,166	$277,736	$945,388	$-35,570
2020	$414,487	$463,987	$875,964	$-49,500

HEALDSBURG PERFORMING ARTS THEATER