THE FREELAND CENTER FOR PERFORMING ARTS FOUNDATION INC (EIN 731564093) - 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

2000

Legal Domicile

Phone

9183674171

Tax Period

2023-01-01 to 2023-12-31

THE FREELAND CENTER FOR PERFORMING ARTS FOUNDATION INC, founded in 2000, is a small nonprofit in the Community Improvement sector that reported $150K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $202K exceeded revenue, resulting in a 35% operating deficit.

Mission

TO PARTNER WITH THE BRISTOW PUBLIC SCHOOLS TO CONSTRUCT, OPERATE AND MAINTAIN A PERFORMING ARTS CENTER FOR THE BENEFIT OF THE PUBLIC SCHOOL SYSTEM AND THE CITY OF BRISTOW, OKLAHOMA.

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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 $96,591

Program Service Revenue $41,737

Investment Income $12,133

Other Revenue $0

TOTAL REVENUE $150,461

Expense Breakdown

Grants Paid $85,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $202,469

Other Expenses $116,969

TOTAL EXPENSES $202,469

Year-over-Year Comparison

	2023	2022	Change
Revenue	$150,461	$176,047	-0.1%
Expenses	$202,469	$69,403	+1.9%
Net Income	$-52,008	$106,644	-1.5%

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

N/A

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
STAN EARNHARDT CPA	Treasurer	1.00	Officer Director	$0	$0	$0
DR CHIP COOPER	President & CEO	10.00	Officer Director	$0	$0	$0
KARA BROWN	Secretary	0.00	Officer Director	$0	$0	$0
BILL HENSHAW	Director	0.00	Director	$0	$0	$0
COLBY WISSEL	Director	0.00	Director	$0	$0	$0
DEBBIE CORWIN	Director	0.00	Director	$0	$0	$0
DON BAKER	Director	5.00	Director	$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	$150,461	$202,469	$1,014,889	$-52,008
2022	$176,047	$69,403	$885,989	$106,644
2021	$124,845	$137,856	$1,084,053	$-13,011
2020	$62,838	$85,129	$894,162	$-22,291
2019	$151,952	$100,309	$774,869	$51,643
2018	$114,222	$120,642	$599,557	$-6,420

THE FREELAND CENTER FOR PERFORMING ARTS FOUNDATION INC