ABT PERFORMING ARTS ASSOCIATION 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

2007

Legal Domicile

Principal Officer

Kiel F Klaphake

Phone

6237768400

Tax Period

2023-10-01 to 2024-09-30

ABT PERFORMING ARTS ASSOCIATION INC, founded in 2007, is a community nonprofit in the Arts, Culture & Humanities sector that reported $8.6M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum.

Mission

ABT Performing Arts Association enriches lives through the power of performing arts by producing live theatre and other high quality entertainment. Live performances include Theatre for Youth performances geared toward young people which encouragesand inspires an appreciation for the performing arts.

Program Service Accomplishments

Program 1

Expenses: $8,016,789 Revenue: $8,248,236

ABT Performing Arts Association, Inc. (ABT or the Organization) enriches lives through the power of the performing arts by producing live theatre and other high-quality entertainment. Live theatre...

ABT Performing Arts Association, Inc. (ABT or the Organization) enriches lives through the power of the performing arts by producing live theatre and other high-quality entertainment. Live theatre includes performances of Broadway style musicals and plays, Theatre for Young Audiences performances, the ABT Academy for Young Performers which introduces, instills, and inspires young people to develop an appreciation for the performing arts through education, exploration of theatre skills and performances, and HYREV, which enriches performance skills of teenagers as they work together as a team. During the Year Ended September 30, 2024, over 78,922 patrons attended 51 different musicals, concerts and special events offered at Arizona Broadway Theatre. These performances included 7 Broadway style musicals on the main stage, 3 Encore Room musical productions, 3 touring Theatre for Young audience productions, as well as 6 ABT Academy workshops attended by young performers which culminate in public performances. Also, multiple special events, master classes and 22 concerts were produced.

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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 $212,374

Program Service Revenue $8,248,236

Investment Income $88,723

Other Revenue $94,648

TOTAL REVENUE $8,643,981

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,202,458

Fundraising Expenses $1,861

Program Expenses $8,016,789

Other Expenses $6,783,936

TOTAL EXPENSES $8,986,394

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,643,981	$6,635,768	+0.3%
Expenses	$8,986,394	$7,637,484	+0.2%
Net Income	$-342,413	$-1,001,716	-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

210

Volunteers

120

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

$189,811

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kiel F Klaphake	CEO	40.00	Officer	$189,811	$0	$189,811
Cassandra Klaphake	Artistic Producer	40.00		$171,704	$0	$171,704
Lisa Drew	Manager	40.00		$100,615	$0	$100,615
Sallyann Martinez	Member	5.00	Director	$0	$0	$0
Brad York	President	5.00	Officer Director	$0	$0	$0
Tom Eggleston	Emeritus	5.00	Director	$0	$0	$0
Brandon Spevak	Secretary	5.00	Officer Director	$0	$0	$0
Kristin Wurr	Vice President	5.00	Officer Director	$0	$0	$0
Bill Kennedy	Member	5.00	Director	$0	$0	$0
Phil Wurr	Member	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	$8,643,981	$8,986,394	$8,795,592	$-342,413
2023	$6,635,768	$7,637,484	$9,426,564	$-1,001,716
2022	$7,614,277	$6,956,453	$3,453,882	$657,824
2021	$5,585,443	$3,022,703	$3,404,145	$2,562,740
2020	$3,898,454	$4,326,667	$1,078,896	$-428,213
2019	$7,234,912	$7,200,953	$915,707	$33,959
2018	$6,669,566	$7,075,618	$842,487	$-406,052