PERCUSSIVE ARTS SOCIETY INC (EIN 731385753) - 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

1961

Legal Domicile

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.

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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 $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

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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

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

$113,527

Total Directors

Key Employees

Highest Compensated

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

PERCUSSIVE ARTS SOCIETY INC