The Park Theater Trust (EIN 843216944) - 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

2019

Legal Domicile

Principal Officer

Kathy Bowles

Phone

5102190671

Tax Period

2023-01-01 to 2023-12-31

The Park Theater Trust, founded in 2019, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 97% operating margin.

Mission

The mission of The Park Theater Trust is to refurbish and operate Lafayettes iconic Park Theater building, and to revitalize it into an accessible and inclusive, community-centered cinema, arts and culture hub with programming that includes critically acclaimed (see page 2)

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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 $1,613,857

Program Service Revenue $0

Investment Income $135,473

Other Revenue $-54,029

TOTAL REVENUE $1,695,301

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $5,588

Program Expenses $3,521

Other Expenses $53,156

TOTAL EXPENSES $53,156

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,695,301	$1,061,788	+0.6%
Expenses	$53,156	$311,334	-0.8%
Net Income	$1,642,145	$750,454	+1.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kathy Bowles	President	4.50	Officer Director	$0	$0	$0
Jana Corey	Secretary	4.00	Officer Director	$0	$0	$0
Tracey Farrell	CFO	4.00	Officer Director	$0	$0	$0
Awais Mughal	Director	3.00	Director	$0	$0	$0
Larry Haydon	Director	3.00	Director	$0	$0	$0
Angela Ferrif	Treasurer	2.00	Officer Director	$0	$0	$0
John McCormick	Director	2.00	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	No data	No data	No data	No data
2023	$1,695,301	$53,156	$6,217,888	$1,642,145
2022	$1,061,788	$311,334	$5,074,760	$750,454
2021	$3,334,205	$44,332	$4,540,147	$3,289,873

The Park Theater Trust