PERCUSSIVE ARTS SOCIETY INC

EIN: 731385753 501(c)(3) Arts, Culture & Humanities

INDIANAPOLIS, IN

Total Revenue
$1,467,731
Total Expenses
$1,826,643
Total Assets
$4,337,806
Net Assets
$3,290,657
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
IN
Principal Officer
JOSHUA SIMONDS
Phone
3179744488
Tax Period
2023-01-01 to 2023-12-31

PERCUSSIVE ARTS SOCIETY INC, founded in 1961, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $1.8M exceeded revenue, resulting in a 24% operating deficit.

Mission

TO INSPIRE, EDUCATE, AND SUPPORT PERCUSSIONISTS AND DRUMMERS THROUGHOUT THE WORLD.

Program Service Accomplishments

Program 1
Expenses: $428,568 Revenue: $83,526

MEMBER SERVICES: PERCUSSIVE ARTS SOCIETY, INC. (PAS) SERVES AN INTERNATIONAL SUBSCRIBER BASE OF MORE THAN 5,000 INDIVIDUALS. PAS SUBSCRIBERS HAVE EXCLUSIVE ACCESS TO ONLINE DIGITAL ARCHIVES...

Read more

MEMBER SERVICES: PERCUSSIVE ARTS SOCIETY, INC. (PAS) SERVES AN INTERNATIONAL SUBSCRIBER BASE OF MORE THAN 5,000 INDIVIDUALS. PAS SUBSCRIBERS HAVE EXCLUSIVE ACCESS TO ONLINE DIGITAL ARCHIVES, EDUCATIONAL RESOURCES, RESEARCH TOOLS, AND THE PAS VIDEO LIBRARY. PAS PUBLISHES A PROFESSIONAL JOURNAL, PERCUSSIVE NOTES, SIX TIMES PER YEAR, AND A PRINT MAGAZINE, DRUMSET, FOUR TIMES PER YEAR. PAS HAS FORTY-NINE CHAPTERS IN THE UNITED STATES AND FORTY-NINE INTERNATIONAL CHAPTERS. PAS PROVIDES GRANT SUPPORT FOR CHAPTER EVENTS PROMOTING PERCUSSION THROUGH FESTIVALS, CLINICS, AND COMPETITIONS. PAS HOSTS REGIONAL PERCUSSION ENSEMBLE COMPETITIONS AND FESTIVALS IN VARIOUS LOCATIONS ACROSS THE UNITED STATES TO PROVIDE STUDENTS WITH OPPORTUNITIES TO LEARN MUSIC AND PERCUSSION THROUGH PERFORMANCE AND EXPERT ADJUDICATOR FEEDBACK. PAS PROVIDES ACADEMIC SCHOLARSHIPS TO FULL TIME STUDENTS PURSUING PERCUSSION EDUCATION AS WELL AS SCHOLARSHIPS TO STUDENTS FOR ASSISTANCE TO ATTEND THE ANNUAL PERCUSSION CONVENTION.

Program 2
Expenses: $730,851 Revenue: $860,452

PASIC: PAS HOSTS ONE OF THE LARGEST IN-PERSON DRUM AND PERCUSSION EVENTS IN THE WORLD, AN ANNUAL 4-DAY EDUCATIONAL CONFERENCE TITLED THE PERCUSSIVE ARTS SOCIETY INTERNATIONAL CONVENTION (PASIC), WITH...

Read more

PASIC: PAS HOSTS ONE OF THE LARGEST IN-PERSON DRUM AND PERCUSSION EVENTS IN THE WORLD, AN ANNUAL 4-DAY EDUCATIONAL CONFERENCE TITLED THE PERCUSSIVE ARTS SOCIETY INTERNATIONAL CONVENTION (PASIC), WITH OVER 5,000 ATTENDEES FROM ALL OVER THE WORLD. PASIC ATTENDEES HAVE ACCESS TO OVER 100 CLINICS, CONCERTS, MASTERCLASSES, WORKSHOPS AND INTERACTIVE EXPERIENCES PRESENTED BY LEADING ARTISTS AND TEACHING PROFESSIONALS. PASIC ALSO INCLUDES A TRADESHOW FEATURING MORE THAN 100 BRANDS DEBUTING NEW INSTRUMENTS, GEAR, AND MUSIC TO PLAY AND BUY. PASIC SHOWCASES ALL AREAS OF PERCUSSION, INCLUDING DRUM SET, MARCHING, KEYBOARD, SYMPHONIC, WORLD, EDUCATION, TECHNOLOGY, AND MORE.

Program 3
Expenses: $183,184 Revenue: $-84,596

LOCAL EDUCATIONAL SERVICES: PAS IS THE STEWARD OF A COLLECTION OF HISTORIC ARTIFACTS, RARE PERCUSSION INSTRUMENTS AND A RESEARCH LIBRARY OF PERCUSSION SCORES, METHODS AND RECORDINGS FROM AROUND THE...

Read more

LOCAL EDUCATIONAL SERVICES: PAS IS THE STEWARD OF A COLLECTION OF HISTORIC ARTIFACTS, RARE PERCUSSION INSTRUMENTS AND A RESEARCH LIBRARY OF PERCUSSION SCORES, METHODS AND RECORDINGS FROM AROUND THE WORLD. PAS PROVIDES LOCAL EDUCATIONAL PROGRAMMING IN THE INDIANAPOLIS COMMUNITY DESIGNED TO PROVIDE A SPACE TO EXPLORE THE WORLD OF PERCUSSION FIRST-HAND. ATTENDEES LEARN ABOUT PLAYING TECHNIQUES, DELVE INTO INDIVIDUAL INSTRUMENTS, AND ENJOY MUSICAL PERFORMANCES FROM LOCAL AND NATIONAL ARTISTS AND ENSEMBLES.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $503,938
Program Service Revenue $939,952
Investment Income $-633,370
Other Revenue $657,211
TOTAL REVENUE $1,467,731

Expense Breakdown

Grants Paid $23,659
Salaries & Benefits $646,005
Fundraising Expenses $78,827
Program Expenses $1,342,603
Other Expenses $1,156,979
TOTAL EXPENSES $1,826,643

Year-over-Year Comparison

2023 2022 Change
Revenue $1,467,731 $1,830,869 -0.2%
Expenses $1,826,643 $2,003,505 -0.1%
Net Income $-358,912 $-172,636 +1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
12
Independent Members
12
Employees
12
Volunteers
150

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
7
$113,527
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHRYN AHEARN DIRECTOR 0.00
Director
$0 $0 $0
ANDERS ASTRAND DIRECTOR 0.00
Director
$0 $0 $0
DEB BIRNBAUM DIRECTOR 0.00
Director
$0 $0 $0
LAUREN CAULKIN DIRECTOR 0.00
Director
$0 $0 $0
DEREK MOORE DIRECTOR 0.00
Director
$0 $0 $0
MARCIA NEEL DIRECTOR 0.00
Director
$0 $0 $0
JOSHUA SIMONDS EXECUTIVE DIRECTOR 40.00
Officer
$113,527 $0 $113,527
JULIE DAVILA PRESIDENT 0.00
Officer
$0 $0 $0
DR THAD ANDERSON PRESIDENT-ELECT 0.00
Officer
$0 $0 $0
JUELS THOMAS FIRST VICE PRESIDENT 0.00
Officer
$0 $0 $0
DR LAMON LAWHORN SEC. VICE PRESIDENT 0.00
Officer
$0 $0 $0
DR MEGAN ARNS SECRETARY 0.00
Officer
$0 $0 $0
MICHAEL BURRITT IMMEDIATE PAST 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 No data No data No data No data
2023 $1,467,731 $1,826,643 $4,337,806 $-358,912
2022 $1,830,869 $2,003,505 $4,867,107 $-172,636
2021 $2,367,696 $1,852,087 $5,047,679 $515,609
2020 $1,296,885 $1,182,101 $4,053,118 $114,784
2018 $1,856,742 $1,544,365 $3,198,069 $312,377
Explore More Nonprofits
Top 100 Nonprofits in Indiana Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare PERCUSSIVE ARTS SOCIETY INC with other nonprofits in Indiana and across the country.