UNITED PALACE OF CULTURAL ARTS INC (EIN 900884007) - 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

2012

Legal Domicile

Principal Officer

KEITH FASCIANI

Phone

2125686700

Tax Period

2024-01-01 to 2024-12-31

UNITED PALACE OF CULTURAL ARTS INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $687K in total revenue in fiscal year 2024.

Mission

TO TRANSFORM THE LIVES OF YOUTH, LOCAL RESIDENTS AND BROADER AUDIENCES BY ENGAGING THEM IN ARTS.

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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 $129,918

Program Service Revenue $460,405

Investment Income $0

Other Revenue $96,540

TOTAL REVENUE $686,863

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,375

Fundraising Expenses $1,669

Program Expenses $632,575

Other Expenses $681,616

TOTAL EXPENSES $714,991

Year-over-Year Comparison

	2024	2023	Change
Revenue	$686,863	$721,286	0.0%
Expenses	$714,991	$604,556	+0.2%
Net Income	$-28,128	$116,730	-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

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

$29,700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSE MIGUEL ROMAN	DIRECTOR	2.00	Director	$0	$0	$0
KEITH FASCIANI	PRESIDENT	2.00	Officer Director	$0	$0	$0
YAHAIRA CARABALLO	TREASURER	2.00	Officer Director	$0	$0	$0
MICHAEL FITELSON	EXECUTIVE DIRECTOR	10.00	Officer	$29,700	$0	$29,700

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	$686,863	$714,991	$186,131	$-28,128
2022	$92,816	$149,491	$74,572	$-56,675
2021	$226,040	$241,597	$204,656	$-15,557
2020	$101,202	$76,326	$108,549	$24,876
2019	$200,866	$171,083	$84,744	$29,783
2018	$240,614	$352,113	$89,907	$-111,499

UNITED PALACE OF CULTURAL ARTS INC