FREEMAN ARTS PAVILION INC (EIN 810917191) - 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

2015

Legal Domicile

Principal Officer

MICHELLE L FREEMAN

Phone

3024363015

Tax Period

2024-01-01 to 2024-12-31

FREEMAN ARTS PAVILION INC, founded in 2015, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.2M in total revenue in fiscal year 2024. Revenue surged 108% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.4M, a strong 84% operating margin.

Mission

SEE PART III, LINE 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 $4,649,225

Program Service Revenue $0

Investment Income $578,555

Other Revenue $0

TOTAL REVENUE $5,227,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $806,802

Other Expenses $830,964

TOTAL EXPENSES $830,964

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,227,780	$2,515,933	+1.1%
Expenses	$830,964	$1,638,584	-0.5%
Net Income	$4,396,816	$877,349	+4.0%

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

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

$305,964

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE FREEMAN	CHAIR/PRESIDENT	4.00	Officer Director	$0	$0	$0
CHRISTINE SHREVE	VICE PRESIDENT/DIRECTOR	2.00	Officer Director	$0	$0	$0
GINGER WARD	TREASURER/DIRECTOR	1.00	Officer Director	$0	$0	$0
TODD FLUBACHER	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$0	$0
SARA CHASE CARLSON	DIRECTOR (UNTIL MAY 2024)	1.00	Director	$0	$0	$0
L DREXEL DAVISON	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS DIAZ	DIRECTOR	1.00	Director	$0	$0	$0
SHANTE HASTINGS	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA KILLEEN	DIRECTOR (UNTIL DEC. 2024)	1.00	Director	$0	$0	$0
PATRICIA KIM	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY SMITH	DIRECTOR (UNTIL SEPT. 2024)	1.00	Director	$0	$0	$0
JOHN TIBERI	DIRECTOR	1.00	Director	$0	$0	$0
JEFF TRIBBLE JR	DIRECTOR	1.00	Director	$0	$0	$0
ELI MODLIN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WIGLEY	DIRECTOR	1.00	Director	$0	$0	$0
PATTI GRIMES	EXECUTIVE DIRECTOR	15.00	Officer	$0	$21,071	$305,964

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	$5,227,780	$830,964	$29,866,963	$4,396,816
2023	$2,515,933	$1,638,584	$25,609,308	$877,349
2022	$13,335,740	$87,748	$24,528,725	$13,247,992
2021	$1,484,950	$1,205,762	$11,937,734	$279,188
2020	$3,528,800	$5,209	$11,712,682	$3,523,591

FREEMAN ARTS PAVILION INC