Perseverance Theatre Incorporated

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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

1979

Legal Domicile

Principal Officer

Frank Delaney

Phone

9073642421

Tax Period

2023-07-01 to 2024-06-30

Perseverance Theatre Incorporated, founded in 1979, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 6% surplus.

Mission

Perseverance theatre's mission is to create professional theatre by and for Alaskans. We value community engagement, cross-cultural collaboration, professional rigor, and regional voice.

Program Service Accomplishments

Program 1

Expenses: $641,358 Revenue: $210,504

Production Includes all functions necessary to plan and perform theatre productions of the Perseverance Theatre.

Program 2

Expenses: $27,721 Revenue: $8,172

Education Provides for the Summer Theatre Arts Rendezvous (STAR), a five-week youth acting program which provides theatrical training and performance opportunities to students.

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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 $1,157,862

Program Service Revenue $183,466

Investment Income $0

Other Revenue $33,005

TOTAL REVENUE $1,374,333

Expense Breakdown

Grants Paid $0

Salaries & Benefits $843,888

Fundraising Expenses $67,675

Program Expenses $669,079

Other Expenses $443,220

TOTAL EXPENSES $1,287,108

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,374,333	$985,808	+0.4%
Expenses	$1,287,108	$1,164,642	+0.1%
Net Income	$87,225	$-178,834	-1.5%

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

107

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

$115,300

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Leslie Ishii	Artistic Dir	40.00	Officer	$69,600	$0	$69,600
Frank Delaney	Managing Dir	40.00	Officer	$45,700	$0	$45,700
Joe Bedard	President	5.00	Officer Director	$0	$0	$0
Susan Churchill	Vice President	5.00	Officer Director	$0	$0	$0
Eric Vang	Secretary	5.00	Officer Director	$0	$0	$0
Aurora Ford	Director	5.00	Director	$0	$0	$0
Eva Loera	Director	5.00	Director	$0	$0	$0
Erika Lee	Director	5.00	Director	$0	$0	$0
Indra Arriaga	Director	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
2025	No data	No data	No data	No data
2024	$1,374,333	$1,287,108	$800,154	$87,225
2023	$985,808	$1,164,642	$728,980	$-178,834
2022	$1,244,683	$1,134,126	$935,854	$110,557
2021	$1,236,430	$952,713	$1,265,877	$283,717
2020	$1,210,391	$1,428,411	$1,208,896	$-218,020
2019	$1,743,895	$1,913,317	$951,397	$-169,422
2018	$1,889,259	$1,706,735	$969,250	$182,524