PARADISE PERFORMING ARTS CENTER INC (EIN 942681738) - 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

1979

Legal Domicile

Principal Officer

KELLEY CONNER

Phone

5308728454

Tax Period

2024-07-01 to 2025-06-30

PARADISE PERFORMING ARTS CENTER INC, founded in 1979, is a small nonprofit in the Community Improvement sector that reported $177K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $263K exceeded revenue, resulting in a 48% operating deficit.

Mission

TO MAINTAIN AND OPERATE A COMMUNITY/AUDITORIUM AND PERFORMING ARTS FACILITY WHERE DIVERSE CULTURAL AND EDUCATIONAL EVENTS CAN BE PRESENTED TO THE COMMUNITY AND SURROUNDING AREAS AND TO PROVIDE SUPPORT TO OTHER LOCAL NON-PROFIT ORGANIZATIONS BY PROVIDING A FACILITY TO HOUSE THEIR FUND RAISING EFFORTS

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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 $62,454

Program Service Revenue $0

Investment Income $9,246

Other Revenue $105,678

TOTAL REVENUE $177,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,150

Fundraising Expenses $26,262

Program Expenses $210,130

Other Expenses $242,514

TOTAL EXPENSES $262,664

Year-over-Year Comparison

	2024	2023	Change
Revenue	$177,378	$196,170	-0.1%
Expenses	$262,664	$263,732	0.0%
Net Income	$-85,286	$-67,562	+0.3%

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
STEVE CULLETON	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLYN STEELE	BOARD MEMBER	1.00	Director	$0	$0	$0
DANA GAJDA	BOARD MEMBER	1.00	Director	$0	$0	$0
MARGARET KENNEDY	Secretary	2.00	Officer	$0	$0	$0
BARBARA KAAS TORRES	Vice President	1.00	Officer	$0	$0	$0
KELLEY CONNER	President	2.00	Officer	$0	$0	$0
MIKE VIALE	Treasurer	1.00	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	$177,378	$262,664	$1,683,803	$-85,286
2024	$196,170	$263,732	$1,776,923	$-67,562
2023	$231,942	$232,362	$1,842,018	$-420
2022	$191,312	$205,927	$1,851,930	$-14,615
2021	$178,455	$139,859	$1,858,187	$38,596
2020	$59,200	$161,282	$1,819,052	$-102,082
2019	$181,641	$211,329	$1,923,315	$-29,688
2018	$142,071	$177,303	$1,954,489	$-35,232

PARADISE PERFORMING ARTS CENTER INC