Pearl Arts Inc (EIN 874101298) - 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

2021

Legal Domicile

Principal Officer

Sharon Peters

Phone

2603451979

Tax Period

2024-01-01 to 2024-12-31

Pearl Arts Inc, founded in 2021, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $13.3M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $12.5M, a strong 93% operating margin.

Mission

Pearl Arts, Inc. exists to serve Northeast Indiana as an interactive community arts, education, entrepreneurial, and engagement destination.

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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 $13,205,335

Program Service Revenue $69,985

Investment Income $51,243

Other Revenue $2,661

TOTAL REVENUE $13,329,224

Expense Breakdown

Grants Paid $48,895

Salaries & Benefits $338,964

Fundraising Expenses $130,606

Program Expenses $677,345

Other Expenses $487,823

TOTAL EXPENSES $875,682

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,329,224	$9,892,756	+0.3%
Expenses	$875,682	$249,784	+2.5%
Net Income	$12,453,542	$9,642,972	+0.3%

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

$195,038

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James W Palermo	Executive Dir.	40.00	Officer	$185,000	$10,038	$195,038
Sharon Peters	Chairwoman	2.00	Officer Director	$0	$0	$0
Doug Wood	Secretary	2.00	Officer Director	$0	$0	$0
Jeff Sebeika	Treasurer	2.00	Officer Director	$0	$0	$0
Ben Eisbart	Vice Chairman	2.00	Officer Director	$0	$0	$0
Mary Fink	Asst. Treasurer	2.00	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	$13,329,224	$875,682	$39,832,689	$12,453,542
2023	$9,892,756	$249,784	$11,926,974	$9,642,972
2022	$1,351,618	$201,949	$1,266,488	$1,149,669

Pearl Arts Inc