Parnassus Performance Laboratory I… - Form 990 Financial Data

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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

2021

Legal Domicile

Phone

4158162593

Tax Period

2023-01-01 to 2023-12-31

Parnassus Performance Laboratory Inc, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $167K in total revenue in fiscal year 2023. Revenue fell 85% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $65K, a strong 39% operating margin.

Mission

To promote, sponsor, and produce live and virtual performing arts.

Program Service Accomplishments

Program 1

Expenses: $91,690

Funds were used to carryout multiple live (and virtual) performing arts works, all available to the public.

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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 $0

Program Service Revenue $0

Investment Income $166,640

Other Revenue $0

TOTAL REVENUE $166,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $91,690

Other Expenses $101,877

TOTAL EXPENSES $101,877

Year-over-Year Comparison

	2023	2022	Change
Revenue	$166,640	$1,090,882	-0.8%
Expenses	$101,877	$121,411	-0.2%
Net Income	$64,763	$969,471	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Dennen	President	10.00	Officer Director	$0	$0	$0
Tristan Lemmons	Secretary	1.00	Officer Director	$0	$0	$0
Eric Triantafillou	Treasurer	1.00	Officer 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	$166,640	$101,877	$1,084,413	$64,763
2022	$1,090,882	$121,411	$978,924	$969,471

Parnassus Performance Laboratory Inc