PARAMOUNT THEATRE FOR THE PERFORMING ARTS INC (EIN 741774711) - 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

1915

Legal Domicile

Principal Officer

H JAMES RITTS

Phone

5124722901

Tax Period

2023-10-01 to 2024-09-30

PARAMOUNT THEATRE FOR THE PERFORMING ARTS INC, founded in 1915, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2023. The organization ran a surplus of $1.6M, a strong 96% operating margin.

Mission

WE'RE HERE TO INSPIRE GENERATIONS. WE CONNECT PEOPLE AND STRENGTHEN COMMUNITY BY SHOWCASING UNFORGETTABLE PERFORMANCES ACROSS GENRES, PROVIDING LIFE-CHANGING ARTS EDUCATION PROGRAMS, AND DREAMING UP MAGICAL EXPERIENCES IN ICONIC VENUES THAT ANCHOR AND DEFINE DOWNTOWN AUSTIN.

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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 $0

Program Service Revenue $0

Investment Income $419

Other Revenue $1,688,237

TOTAL REVENUE $1,688,656

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $72,281

Other Expenses $72,281

TOTAL EXPENSES $72,281

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,688,656	$1,677,473	+0.0%
Expenses	$72,281	$49,765	+0.5%
Net Income	$1,616,375	$1,627,708	0.0%

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

$595,091

Total Directors

$390,295

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAL KATZ	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHARON FRANCIA	SECRETARY	1.00	Officer Director	$0	$0	$0
BOB ELLIS	TREASURER	1.00	Officer Director	$0	$0	$0
H JAMES RITTS III	EXECUTIVE DIRECTOR	5.00	Officer Director	$0	$9,664	$390,295
SANDRA HILL	CHIEF FINANCIAL OFFICER	5.00	Officer	$0	$9,677	$204,796

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	$1,688,656	$72,281	$12,762,342	$1,616,375
2023	$1,677,473	$49,765	$11,151,834	$1,627,708
2022	$1,041,143	$49,548	$9,514,865	$991,595
2021	$373,918	$16,748	$8,508,826	$357,170
2020	$371,915	$17,164	$8,151,656	$354,751
2019	$944,011	$34,292	$7,796,905	$909,719
2018	$722,800	No data	$6,887,186	No data

PARAMOUNT THEATRE FOR THE PERFORMING ARTS INC