PassinArt - A Theater Company (EIN 930832550) - 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

1982

Legal Domicile

Principal Officer

Jerry Foster

Phone

5032358079

Tax Period

2024-09-01 to 2025-08-31

PassinArt - A Theater Company, founded in 1982, is a small nonprofit that reported $510K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring.

Mission

PassinArt: A Theatre Company is an African American producing theater company whose mission is to entertain, educate and inspire artists and audiences while addressing critical issues facing our community.

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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 $431,085

Program Service Revenue $78,863

Investment Income $0

Other Revenue $0

TOTAL REVENUE $509,948

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,885

Fundraising Expenses $26,896

Program Expenses $403,451

Other Expenses $521,048

TOTAL EXPENSES $537,933

Year-over-Year Comparison

	2024	2023	Change
Revenue	$509,948	$709,671	-0.3%
Expenses	$537,933	$580,457	-0.1%
Net Income	$-27,985	$129,214	-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

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
Glen Butler	Trustee	5.00	Director	$0	$0	$0
Michael Donaldson	Trustee	5.00	Director	$0	$0	$0
Wanda Walden	Trustee	5.00	Director	$0	$0	$0
Jerry Foster	President	15.00	Officer	$0	$0	$0
Kenneth Dembo	Secretary	15.00	Officer	$0	$0	$0
Arrevion Peterson	Treasurer	10.00	Officer	$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	$509,948	$537,933	$123,230	$-27,985
2024	$709,671	$580,457	$151,007	$129,214
2023	$432,691	$453,630	$21,789	$-20,939
2021	$585,046	$395,410	$301,989	$189,636
2020	$290,574	$190,403	$112,320	$100,171
2019	$206,988	$196,520	$12,236	$10,468

PassinArt - A Theater Company