PERFORMING ARTS FORT WORTH INC (EIN 752457270) - 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

1992

Legal Domicile

Principal Officer

DIONE KENNEDY

Phone

8172124300

Tax Period

2024-07-01 to 2025-06-30

PERFORMING ARTS FORT WORTH INC, founded in 1992, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $25.0M in total revenue in fiscal year 2024. Net assets of $133.8M represent 64 months of operating reserves.

Mission

TO SERVE AS A PERMANENT HOME TO MAJOR PERFORMING ARTS ORGANIZATIONS OF FORT WORTH AND AS A PREMIER VENUE FOR TOURING ATTRACTIONS AND TO PROMULGATE ARTS EDUCATION. SEE SCH. O GENERAL STATEMENT 1.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,123,468

Program Service Revenue $18,905,326

Investment Income $3,385,275

Other Revenue $551,601

TOTAL REVENUE $24,965,670

Expense Breakdown

Grants Paid $17,000

Salaries & Benefits $6,082,391

Fundraising Expenses $395,676

Program Expenses $22,782,803

Other Expenses $19,465,819

TOTAL EXPENSES $25,565,210

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,965,670	$25,860,851	0.0%
Expenses	$25,565,210	$26,218,248	0.0%
Net Income	$-599,540	$-357,397	+0.7%

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

191

Volunteers

421

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

$970,709

Total Directors

Key Employees

$272,047

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELAINE B AGATHER	BOARD CHAIRMAN	1.00	Officer Director	$0	$0	$0
EDWARD P BASS	BOARD CHAIRMAN EMERITUS	1.00	Officer Director	$0	$0	$0
PATRICIA H SCHUTTS	BOARD VICE CHAIR EMERITUS	1.00	Officer Director	$0	$0	$0
JOEL T SAWYER	BOARD VICE PRESIDENT / TREASURER	1.00	Officer Director	$0	$0	$0
DEE J KELLY JR	BOARD VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEAN ROACH	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
DANA STAYTON	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
JIL BARNES	DIRECTOR	1.00	Director	$0	$0	$0
ANNE MARIE BRATTON	DIRECTOR (PARTIAL YEAR)	1.00	Director	$0	$0	$0
SAINTY NELSON	DIRECTOR (PARTIAL YEAR)	1.00	Director	$0	$0	$0
DANA PORTER	DIRECTOR (PARTIAL YEAR)	1.00	Director	$0	$0	$0
TERESA KING	DIRECTOR	1.00	Director	$0	$0	$0
MARSHA KLEINHEINZ	DIRECTOR (PARTIAL YEAR)	1.00	Director	$0	$0	$0
JOE T LANCARTE	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT M LANSFORD	DIRECTOR	1.00	Director	$0	$0	$0
PAT LINARES	DIRECTOR	1.00	Director	$0	$0	$0
JOHN L MARION	DIRECTOR (PARTIAL YEAR)	1.00	Director	$0	$0	$0
STACY MARSHALL	DIRECTOR	1.00	Director	$0	$0	$0
PRISCILLA MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
EBONEY COBB-MCCAIN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MCDAVID	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN NEWBY	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON RAY	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY REES	DIRECTOR	1.00	Director	$0	$0	$0
LISA ROSE	DIRECTOR (PARTIAL YEAR)	1.00	Director	$0	$0	$0
ROZANNE ROSENTHAL	DIRECTOR	1.00	Director	$0	$0	$0
GLORIA STARLING	DIRECTOR	1.00	Director	$0	$0	$0
AMY HARDISON TULLY	DIRECTOR	1.00	Director	$0	$0	$0
WESLEY R TURNER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL YACKIRA	DIRECTOR (PARTIAL YEAR)	1.00	Director	$0	$0	$0
DR RACHAEL CAPUA	DIRECTOR (PARTIAL YEAR)	1.00	Director	$0	$0	$0
RYAN DAWSON	DIRECTOR (PARTIAL YEAR)	1.00	Director	$0	$0	$0
JENNIFER GIDDINGS BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
EDDIE BROUSSARD	DIRECTOR	1.00	Director	$0	$0	$0
BECKY BRUMLEY	DIRECTOR	1.00	Director	$0	$0	$0
KIM DARDEN	DIRECTOR	1.00	Director	$0	$0	$0
JOANN DICKERSON	DIRECTOR	1.00	Director	$0	$0	$0
GLENN S FORBES	DIRECTOR	1.00	Director	$0	$0	$0
PAIGE HIGGINS	DIRECTOR	1.00	Director	$0	$0	$0
ERICH HOLMSTEN	DIRECTOR	1.00	Director	$0	$0	$0
MARK L JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
DIONE KENNEDY	PRESIDENT & CEO	40.00	Officer	$643,018	$59,402	$702,420
ALICIA DURAN CPA	CFO	40.00	Officer	$238,957	$29,332	$268,289
JASON WISE	SENIOR VICE PRESIDENT OF OPERATIONS	40.00	Key Emp	$242,406	$29,641	$272,047
DAVID TIDWELL	DIRECTOR OF BUILDING SERVICES	40.00	Highest	$118,477	$11,629	$130,106
JIM CARLEY	DIRECTOR OF SAFETY & RISK MANAGEMENT	40.00	Highest	$116,864	$10,980	$127,844
PHILLIP DELEON	DIRECTOR OF CRM STRATEGY	40.00	Highest	$112,948	$11,725	$124,673
TAYLOR WOODS	DIRECTOR OF EDUCATION & COMMUNITY ENGAGEMENT	40.00	Highest	$108,323	$17,272	$125,595
STEPHEN RORAI	DIRECTOR OF INFORMATION TECHNOLOGY	40.00	Highest	$115,428	$15,935	$131,363

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
2025	$24,965,670	$25,565,210	$146,736,979	$-599,540
2024	No data	No data	No data	No data
2023	$19,839,045	$22,669,046	$135,017,496	$-2,830,001
2022	$30,931,955	$22,668,727	$129,716,905	$8,263,228
2021	$7,095,466	$8,653,444	$139,889,928	$-1,557,978
2020	$15,938,262	$18,703,425	$130,618,856	$-2,765,163
2019	$17,883,521	$18,849,751	$130,589,813	$-966,230
2018	$18,467,960	$17,547,758	$123,407,410	$920,202

PERFORMING ARTS FORT WORTH INC