PROVINCETOWN COMMONS INC (EIN 814915644) - 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

2017

Legal Domicile

Principal Officer

PETER HOCKING

Phone

6176715084

Tax Period

2024-01-01 to 2024-12-31

PROVINCETOWN COMMONS INC, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $693K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $610K left a modest 12% surplus.

Mission

TO PROVIDE YEAR-ROUND WORKING SPACE AND PROFESSIONAL SUPPORT TO AREA ARTISTS, OTHER MEMBERS OF THE LOCAL CREATIVE ECONOMY, AND START-UP BUSINESSES, AND WILL SERVE AS A GATHERING SPACE FOR EDUCATIONAL AND COMMUNITY INITIATIVES, AND THE OUTER CAPE COMMUNITY AT LARGE. AIMING TO CONTRIBUTE TO THE STRENGTHENING OF PROVINCETOWN'S YEAR-ROUND ECONOMY, PROVINCETOWN COMMONS AND THE COMMUNITY CENTER WILL SERVE AS A NEXUS FOR CREATIVITY, COLLABORATION AND NEW ECONOMIC OPPORTUNITY.

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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 $387,721

Program Service Revenue $269,064

Investment Income $35,827

Other Revenue $0

TOTAL REVENUE $692,612

Expense Breakdown

Grants Paid $0

Salaries & Benefits $248,170

Fundraising Expenses $17,469

Program Expenses $446,703

Other Expenses $361,957

TOTAL EXPENSES $610,127

Year-over-Year Comparison

	2024	2023	Change
Revenue	$692,612	$1,100,369	-0.4%
Expenses	$610,127	$510,054	+0.2%
Net Income	$82,485	$590,315	-0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER HOCKING	PRESIDENT	3.00	Officer Director	$0	$0	$0
REBECCA ORCHANT	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
MIKE DILLON	TREASURER	3.00	Officer Director	$0	$0	$0
TARYN CALLAHAN-MILLER	CLERK	3.00	Officer Director	$0	$0	$0
CLAIRE ADAMS	DIRECTOR	3.00	Director	$0	$0	$0
MARK ADAMS	DIRECTOR	3.00	Director	$0	$0	$0
KAREN CAPOTTO	DIRECTOR	3.00	Director	$0	$0	$0
LISA FARNSWORTH	DIRECTOR	3.00	Director	$0	$0	$0
ALICE GONG	DIRECTOR	3.00	Director	$0	$0	$0
TERRENCE MECK	DIRECTOR	3.00	Director	$0	$0	$0
KELLY MONNAHAN	DIRECTOR	3.00	Director	$0	$0	$0
KATE PERRELLI	DIRECTOR	3.00	Director	$0	$0	$0
PAOLO MARTINI	DIRECTOR	3.00	Director	$0	$0	$0
JILL ROTHENBERG-SIMMONS	DIRECTOR	3.00	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	$692,612	$610,127	$3,015,938	$82,485
2023	$1,100,369	$510,054	$2,782,525	$590,315
2022	$639,903	$399,445	$2,190,290	$240,458
2021	$509,706	$410,820	$1,667,698	$98,886
2020	$494,974	$380,944	$1,560,067	$114,030
2019	$550,268	$440,743	$1,424,520	$109,525
2018	$771,885	$353,002	$1,239,115	$418,883

PROVINCETOWN COMMONS INC