FOUNDATION FOR THE PERFORMING ARTS CENTER

EIN: 770129605 501(c)(3) Arts, Culture & Humanities

SAN LUIS OBISPO, CA

Total Revenue
$966,800
Total Expenses
$1,159,316
Total Assets
$9,445,432
Net Assets
$9,370,359
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
CA
Principal Officer
RON REGIER
Phone
8055415401
Tax Period
2024-07-01 to 2025-06-30

FOUNDATION FOR THE PERFORMING ARTS CENTER, founded in 1986, is a small nonprofit in the Arts, Culture & Humanities sector that reported $967K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROVIDE AND PROMOTE AN EXTRAORDINARY AND ACCESSIBLE CENTER FOR THE PERFORMING ARTS THAT ELEVATES THE ARTS IN OUR COMMUNITY. TOGETHER FOUNDATION MEMBERS, WITH OUR PARTNERS, THE CITY OF SAN LUIS OBISPO AND CAL POLY, PROVIDE MORE THAN HALF OF THE CENTER'S $3.1 MILLION BUDGET. THESE CONTRIBUTIONS KEEP THE HALL ACCESSIBLE AND AFFORDABLE AND:1) BRING 9,000 CHILDREN TO SCHOOL ADMISSION-FREE SCHOOL MATINEES;2) PROVIDE LOCAL ARTS GROUPS WITH A 75% DISCOUNT ON CENTER RENTAL RATES;3) GIVE THE OPPORTUNITY TO 6,000 YOUNG ARTISTS WHO HAD A CHANCE TO PERFORM ON A WORLD-CLASS STAGE; AND4) KEEP THE CENTER LIKE-NEW AND STATE-OF-THE-ART

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $729,346
Program Service Revenue $0
Investment Income $237,454
Other Revenue $0
TOTAL REVENUE $966,800

Expense Breakdown

Grants Paid $412,094
Salaries & Benefits $321,918
Fundraising Expenses $80,914
Program Expenses $890,554
Other Expenses $425,304
TOTAL EXPENSES $1,159,316

Year-over-Year Comparison

2024 2023 Change
Revenue $966,800 $699,376 +0.4%
Expenses $1,159,316 $1,590,103 -0.3%
Net Income $-192,516 $-890,727 -0.8%
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

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Governance

Voting Members
10
Independent Members
10
Employees
4
Volunteers
13

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
4
$177,993
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM STRAIT PRESIDENT 8.00
Officer Director
$0 $0 $0
MORGEN HOULIS TREASURER 1.00
Officer Director
$0 $0 $0
STACY SULLIVAN SECRETARY 1.00
Officer Director
$0 $0 $0
CHASE MARTIN DIRECTOR 1.00
Director
$0 $0 $0
BRITTANY COUCH DIRECTOR 1.00
Director
$0 $0 $0
ASHLEY WILKEN DIRECTOR 1.00
Director
$0 $0 $0
LAUREN BUTLER DIRECTOR 1.00
Director
$0 $0 $0
CINDY VILLA DIRECTOR 1.00
Director
$0 $0 $0
SKYLAR STUCK DIRECTOR 1.00
Director
$0 $0 $0
CLAUDE SWAIN DIRECTOR 1.00
Director
$0 $0 $0
KRISTIN HOOVER EXECUTIVE DIRECTOR 52.00
Officer
$161,993 $16,000 $177,993
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 $966,800 $1,159,316 $9,445,432 $-192,516
2024 No data No data No data No data
2023 $1,781,544 $1,651,721 $8,850,159 $129,823
2022 $900,272 $1,148,185 $8,046,022 $-247,913
2021 $2,799,125 $976,126 $9,604,819 $1,822,999
2020 $867,650 $1,054,207 $7,826,639 $-186,557
2019 $1,144,909 $985,693 $7,828,758 $159,216
2018 $2,281,848 $884,433 $7,449,562 $1,397,415
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