PHOENIX PERFORMING ARTS CENTER INC

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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

1983

Legal Domicile

Principal Officer

MARK METTES

Phone

6022547399

Tax Period

2024-07-01 to 2025-06-30

PHOENIX PERFORMING ARTS CENTER INC, founded in 1983, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.9M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Net assets of $6.8M represent 29 months of operating reserves.

Mission

WE ARE ARIZONA'S CENTER STAGE, ENGAGING THE COMMUNITY THROUGH DIVERSE EXPERIENCES THAT IGNITE EMOTION, STIMULATE CONVERSATION, AND INSPIRE CONNECTIONS WITH THE ARTS.

Program Service Accomplishments

Program 1

Expenses: $2,324,291 Revenue: $2,046,323

THE HERBERGER THEATER IS A 501(C)(3) ARIZONA NON-PROFIT ORGANIZATION THAT ENGAGES THE COMMUNITY THROUGH DIVERSE EXPERIENCES THAT IGNITE EMOTION, STIMULATES CONVERSATION AND INSPIRES CONNECTIONS WITH THE ARTS. OPENED IN 1989 AND FULLY RENOVATED IN 2010, THE HERBERGER THEATER OFFERS THREE THEATER VENUES, ART GALLERY, PLAZA, OUTDOOR PAVILION WITH STAGE, AND RENTABLE EVENT SPACE FOR A VARIETY OF COMMUNITY USES. THE HERBERGER THEATER HOSTS A DIVERSE RANGE OF DRAMATIC, DANCE AND MUSICAL PERFORMANCES; IS HOME TO LOCAL THEATER AND DANCE COMPANIES; ITS GALLERY PROVIDES A VENUE FOR ARIZONA ARTISTS TO PRESENT THEIR WORKS; AND A PLAZA THAT HOSTS CIVIC AND ARTS EVENTS. PROCEEDS FROM ANNUAL FUNDRAISING BENEFITS ITS YOUTH OUTREACH PROGRAMS, DESIGNED TO GIVE ARIZONA CHILDREN (AGES 3-19) OPPORTUNITIES TO EXCEL, LEARN AND HEAL THROUGH EXPERIENCE WITH THE ARTS. OVER THE LAST 36 YEARS, 4.7 MILLION PATRONS HAVE ENJOYED MORE THAN 18,000 PERFORMANCES AT THE HERBERGER THEATER.

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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 $444,504

Program Service Revenue $2,046,323

Investment Income $265,591

Other Revenue $110,566

TOTAL REVENUE $2,866,984

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,699,125

Fundraising Expenses $323,784

Program Expenses $2,324,291

Other Expenses $1,225,311

TOTAL EXPENSES $2,924,436

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,866,984	$3,830,109	-0.3%
Expenses	$2,924,436	$3,561,957	-0.2%
Net Income	$-57,452	$268,152	-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

224

Volunteers

114

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

$279,541

Total Directors