LENSIC PERFORMING ARTS CENTER (EIN 850448396) - 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

1997

Legal Domicile

Principal Officer

JOEL AALBERTS

Phone

5059887050

Tax Period

2023-01-01 to 2023-12-31

LENSIC PERFORMING ARTS CENTER, founded in 1997, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $8.7M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $7.9M left a modest 9% surplus.

Mission

THE HISTORIC LENSIC THEATER PROVIDES A VENUE FOR MUSIC, THEATER, DANCE, AND OTHER ART FORMS.

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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 $2,952,161

Program Service Revenue $4,709,843

Investment Income $817,322

Other Revenue $211,643

TOTAL REVENUE $8,690,969

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,825,441

Fundraising Expenses $874,609

Program Expenses $6,009,984

Other Expenses $5,076,202

TOTAL EXPENSES $7,901,643

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,690,969	$6,440,957	+0.3%
Expenses	$7,901,643	$3,782,470	+1.1%
Net Income	$789,326	$2,658,487	-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

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

$477,142

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEL AALBERTS	EXECUTIVE DI	40.00	Officer	$212,803	$18,978	$231,781
LAURA ACQUAVIVA	MANAGING DIR	40.00	Officer	$115,593	$13,538	$129,131
NOELLE MILLER	FINANCE DIRE	40.00	Officer	$110,827	$5,403	$116,230
NANCY ZECKENDORF	CHAIR, FOUND	20.00	Officer Director	$0	$0	$0
KAREN DURKOVICH	PRESIDENT	20.00	Officer Director	$0	$0	$0
ANDREW EISEMAN	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
LAWRENCE BECERRA	TREASURER	5.00	Officer Director	$0	$0	$0
ALEXIS GIRARD	SECRETARY	5.00	Officer Director	$0	$0	$0
CHRIS ANDERSEN	DIRECTOR	2.00	Director	$0	$0	$0
JOHN BERNSTEIN	DIRECTOR	2.00	Director	$0	$0	$0
ANNE BINGAMAN	DIRECTOR	2.00	Director	$0	$0	$0
SARAH BROWN	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL ENGL	DIRECTOR	2.00	Director	$0	$0	$0
MARIA GALE	DIRECTOR	2.00	Director	$0	$0	$0
MARGIE KINTZ	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA LENSSEN	DIRECTOR	2.00	Director	$0	$0	$0
DR ROBERT MARTIN	DIRECTOR	2.00	Director	$0	$0	$0
MARISA OMELAS	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL ROBBINS	DIRECTOR	2.00	Director	$0	$0	$0
BUDDY ROYBAL	DIRECTOR	2.00	Director	$0	$0	$0
GERALD STIEBEL	DIRECTOR	2.00	Director	$0	$0	$0
JAMES LENFESTEY	DIRECTOR LEN	40.00	Highest	$139,484	$8,301	$147,785

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	$8,690,969	$7,901,643	$18,900,910	$789,326
2022	$6,440,957	$3,782,470	$17,078,022	$2,658,487
2021	$4,156,320	$2,887,822	$15,012,313	$1,268,498
2020	$2,803,952	$2,511,524	$13,296,914	$292,428
2019	$6,226,535	$4,183,671	$12,836,743	$2,042,864
2018	$5,491,236	$3,977,006	$10,611,067	$1,514,230

LENSIC PERFORMING ARTS CENTER