Performing Arts Workshop Inc (EIN 941614596) - 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

1965

Legal Domicile

Principal Officer

Katherine Robles-Ayala

Phone

4156732634

Tax Period

2024-07-01 to 2025-06-30

Performing Arts Workshop Inc, founded in 1965, is a small nonprofit in the Arts, Culture & Humanities sector that reported $823K in total revenue in fiscal year 2024. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $1.8M exceeded revenue, resulting in a 124% operating deficit.

Mission

Dedicated to helping young people develop critical thinking, creative expression, and basic learning skills through the 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 $506,976

Program Service Revenue $185,038

Investment Income $105,595

Other Revenue $25,807

TOTAL REVENUE $823,416

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,464,809

Fundraising Expenses $250,355

Program Expenses $1,342,548

Other Expenses $381,059

TOTAL EXPENSES $1,845,868

Year-over-Year Comparison

	2024	2023	Change
Revenue	$823,416	$1,839,639	-0.6%
Expenses	$1,845,868	$1,917,768	0.0%
Net Income	$-1,022,452	$-78,129	+12.1%

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

$319,730

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lorena Landeros	Co-Exec. Dir.	40.00	Officer	$159,865	$0	$159,865
Van Nguyen-Stone	Co-Exec. Dir.	40.00	Officer	$159,865	$0	$159,865
Rory Cox	Finance Manager	40.00		$105,214	$0	$105,214
Madeline Easley	Development Dir.	40.00		$104,361	$0	$104,361
Ashley Smiley	President	4.00	Officer Director	$0	$0	$0
Miguel Liriano	Board Member	1.00	Director	$0	$0	$0
Lillian Giles	Board Member	1.00	Director	$0	$0	$0
Katherine Robles-Ayala	Board Member	1.00	Director	$0	$0	$0
Candice Wicks-Davis	Board Member	1.00	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	$823,416	$1,845,868	$2,602,874	$-1,022,452
2024	$1,839,639	$1,917,768	$3,663,603	$-78,129
2023	$1,555,853	$1,468,918	$3,637,694	$86,935
2022	$1,407,838	$1,396,866	$3,340,393	$10,972
2021	$2,043,090	$1,596,237	$3,553,184	$446,853

Performing Arts Workshop Inc