BD PERFORMING ARTS (EIN 942216542) - 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

1957

Legal Domicile

Principal Officer

JIMMY VERRETT

Phone

9256892918

Tax Period

2023-01-01 to 2023-12-31

BD PERFORMING ARTS, founded in 1957, is a community nonprofit in the Education sector that reported $9.9M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $11.4M exceeded revenue, resulting in a 15% operating deficit.

Mission

BD PERFORMING ARTS PERMANENTLY ENRICHES THE LIVES OF YOUNG PEOPLE THROUGH A COMMITMENT TO YOUTH DEVELOPMENT AND PERFORMANCE EXCELLENCE, WHILE PROVIDING ENJOYMENT FOR OUR LOCAL COMMUNITY AND AUDIENCES WORLDWIDE.MUSIC AND THE PERFORMING ARTS CONNECT YOUTH WITH THEIR CULTURE THROUGH A COMMON LANGUAGE CROSSING GENERATIONAL, SOCIAL, AND RACIAL BARRIERS. THE ACTIVITIES THAT A YOUNG PERSON PURSUES INFLUENCES THE TYPE OF PERSON HE OR SHE BECOMES. THE EXPERIENCE THAT COMES WITH PARTICIPATION IN A PERFORMING ARTS ORGANIZATION BUILDS DISCIPLINE, CHARACTER, PRIDE, AND SELF-CONFIDENCE AT A CRUCIAL AGE AND FORMS THE SPRINGBOARD TO EVEN GREATER ACHIEVEMENTS IN ADULTHOOD.

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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 $258,718

Program Service Revenue $6,176,394

Investment Income $-3,751

Other Revenue $3,482,696

TOTAL REVENUE $9,914,057

Expense Breakdown

Grants Paid $7,000

Salaries & Benefits $3,986,214

Fundraising Expenses $3,605,565

Program Expenses $4,785,608

Other Expenses $7,409,729

TOTAL EXPENSES $11,402,943

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,914,057	$10,728,090	-0.1%
Expenses	$11,402,943	$10,181,102	+0.1%
Net Income	$-1,488,886	$546,988	-3.7%

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

272

Volunteers

150

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

$377,183

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON SUZUKI	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICK YEE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TOM VANDEWATER	TREASURER	1.00	Officer Director	$0	$0	$0
RUTH BRADEN TORRANCE	SECRETARY	1.00	Officer Director	$0	$0	$0
JOELLEN ABATE MCENTIRE	DIRECTOR	1.00	Director	$0	$0	$0
DONNA BATCHELOR	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN MOORE	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
CARY REED	DIRECTOR	1.00	Director	$0	$0	$0
DEVIKA CHAWLE	DIRECTOR	1.00	Director	$0	$0	$0
GREG GILMAN	DIRECTOR	1.00	Director	$0	$0	$0
ROSA LEE HARDEN	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN LEE	DIRECTOR	1.00	Director	$0	$0	$0
PHIL MCARTHUR	DIRECTOR	1.00	Director	$0	$0	$0
KIT RODGERS	DIRECTOR	1.00	Director	$0	$0	$0
JIMMY VERRETT	CEO	40.00	Officer	$225,000	$12,000	$237,000
MICHAEL STONE	CHIEF OPERATIONS OFFICER (FROM 3/23)	40.00	Officer	$130,183	$10,000	$140,183
DAVID GIBBS	EXECUTIVE ADVISOR	40.00	Highest	$142,634	$0	$142,634
LUCKY KALANGES	BINGO MANAGER	40.00	Highest	$105,000	$0	$105,000
LANEY BRAATZ	DIRECTOR OF PROGRAMS	40.00	Highest	$111,937	$0	$111,937
SEAN KING	EXECUTIVE DIRECTOR	40.00	Highest	$125,000	$0	$125,000

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	No data	No data	No data	No data
2023	$9,914,057	$11,402,943	$7,075,441	$-1,488,886
2022	$10,016,040	$10,005,479	$7,945,082	$10,561
2022	$10,728,090	$10,181,102	$8,481,509	$546,988
2021	$7,908,804	$5,880,615	$7,470,919	$2,028,189
2020	$3,021,668	$3,463,295	$2,456,430	$-441,627
2019	$5,817,738	$5,763,370	$2,450,790	$54,368
2019	$4,738,051	$4,751,748	$2,450,789	$-13,697
2018	$4,434,720	$5,139,110	$2,347,496	$-704,390

BD PERFORMING ARTS