Building 178 Performing Arts Center

EIN: 851976211 501(c)(3) Community Improvement

San Diego, CA

Total Revenue
$7,829,772
Total Expenses
$636,680
Total Assets
$11,448,415
Net Assets
$11,211,049
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
CA
Principal Officer
Lisa Johnson
Phone
6192261491
Tax Period
2023-05-01 to 2024-04-30

Building 178 Performing Arts Center, founded in 2020, is a community nonprofit in the Community Improvement sector that reported $7.8M in total revenue in fiscal year 2023. Revenue surged 932% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.2M, a strong 92% operating margin.

Mission

To operate exclusively for the benefit of, perform the functions of, and carry out the purposes of NTC Foundation, a California nonprofit public benefit corporation and Cygnet Theatre Company, a California nonprofit public benefit corporation in raising funds for the design, construction, development, and operation of a theatre in the Naval Training Center ("NTC") located in The City of San Diego, specifically restricted to the portion of the NTC referred to as the "Civic Arts and Cultural Center."

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,598,667
Program Service Revenue $0
Investment Income $231,105
Other Revenue $0
TOTAL REVENUE $7,829,772

Expense Breakdown

Grants Paid $0
Salaries & Benefits $81,544
Fundraising Expenses $551,684
Program Expenses $9,476
Other Expenses $105,546
TOTAL EXPENSES $636,680

Year-over-Year Comparison

2023 2022 Change
Revenue $7,829,772 $758,891 +9.3%
Expenses $636,680 $453,956 +0.4%
Net Income $7,193,092 $304,935 +22.6%
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

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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
7
Independent Members
7
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lisa Johnson President and CEO 20.00
Officer Director
$0 $0 $0
Ken Stipanov Chair, community leader 5.00
Director
$0 $0 $0
Judith Nora Member at Large, Pell Inve 5.00
Director
$0 $0 $0
Edgar Canada Member at Large 5.00
Director
$0 $0 $0
Pamela Richards Secretary 5.00
Director
$0 $0 $0
Bill Schmidt Executive Director 20.00
Officer Director
$0 $0 $0
Nina Leung Treasurer 5.00
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 $7,829,772 $636,680 $11,448,415 $7,193,092
2024 No data No data No data No data
2023 $758,891 $453,956 $4,014,866 $304,935
2022 $1,479,950 $208,979 $4,446,232 $1,270,971
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