Friends of the Cultural Center Inc

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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

1973

Legal Domicile

Principal Officer

Michelle Yeager

Phone

7603466505

Tax Period

2024-08-01 to 2025-07-31

Friends of the Cultural Center Inc, founded in 1973, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $22.9M in total revenue in fiscal year 2024. Expenses of $20.5M left a modest 10% surplus.

Mission

The McCallum Theatre's mission is to entertain and educate the public by offering a variety of performing arts experiences that reflect the diversity of people, interests, and tastes of the communities and constituents served by the theatre.

Program Service Accomplishments

Program 1

Expenses: $14,610,398 Revenue: $11,181,082

provided a variety of performing arts experiences that reflect the diversity of people, interests, and tastes of the communities and constituents served by the theatre. Provided entertainment and...

provided a variety of performing arts experiences that reflect the diversity of people, interests, and tastes of the communities and constituents served by the theatre. Provided entertainment and educated the public through the performing arts, with a focus on serving the youth of the Coachella Valley. Promoted and ensured the financial health of the theatre and its long-term viability as a cultural institution by operating efficiently and building a broad base of community support, and worked collaboratively with other arts and community organizations in the Coachella Valley. by operating efficiently and building a broad base of community support, and worked collaboratively with other arts and community organizations in the Coachella Valley.

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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 $9,463,558

Program Service Revenue $11,181,082

Investment Income $1,423,871

Other Revenue $781,731

TOTAL REVENUE $22,850,242

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,298,592

Fundraising Expenses $3,375,742

Program Expenses $14,610,398

Other Expenses $14,184,506

TOTAL EXPENSES $20,483,098

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,850,242	$23,336,190	0.0%
Expenses	$20,483,098	$18,829,170	+0.1%
Net Income	$2,367,144	$4,507,020	-0.5%

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

159

Volunteers

188

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

$1,166,562

Total Directors

$680,730

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mitchell Gershenfeld	President & CEO (THRU 8/2024)	40.0	Officer	$482,120	$3,712	$485,832
Yvonne Bell	CEO	39.0	Officer Director	$309,000	$35,002	$344,002
Robert McConnaughey	President/CFO	39.0	Officer Director	$303,854	$32,874	$336,728
Kajsa Thuresson-Frary	VP of Education	40.0	Highest	$148,000	$23,252	$171,252
George Syrigos	Assoc. VP of Development	40.0	Highest	$142,833	$23,372	$166,205
Russell Holmes	VP of Production	40.0	Highest	$136,806	$20,731	$157,537
Thomas Head	Assoc. VP of Development	40.0	Highest	$124,173	$25,799	$149,972
James Anderson	Audio/Visual Director	40.0	Highest	$133,268	$11,300	$144,568
Garry Kief	Chairman/Trustee	1.0	Officer Director	$0	$0	$0
Aubrey Serfling	1st Vice Chairperson/Trustee	1.0	Officer Director	$0	$0	$0
Janet Grove	2nd Vice Chairperson/Trustee	1.0	Officer Director	$0	$0	$0
Maggy Simon	Secretary	1.0	Officer Director	$0	$0	$0
Michael Rembis	Treasurer	1.0	Officer Director	$0	$0	$0
Nancy Croom	Vice Chr/PRLEMNTRY/ TRUSTEE	1.0	Officer Director	$0	$0	$0
Beatrice Gonzalez	COD Rep (EFF 1/12/24)	1.0	Director	$0	$0	$0
Mark Meyer	Ex-Officio	1.0	Director	$0	$0	$0
Ron Oden	Ex-Officio	1.0	Director	$0	$0	$0
Victoria Jackson	Ex-Officio (EFF 4/21/25)	1.0	Director	$0	$0	$0
Ted J Weill	Liaison - non-voting	1.0	Director	$0	$0	$0
Barbara Hankey Rogers	Trustee	1.0	Director	$0	$0	$0
Cary Lowe	Trustee (EFF 2/17/25)	1.0	Director	$0	$0	$0
Diane Dykema	Trustee	1.0	Director	$0	$0	$0
Diane Rubin	Trustee (EFF 5/19/25)	1.0	Director	$0	$0	$0
Donna MacMillan	Trustee	1.0	Director	$0	$0	$0
Douglas Martin	Trustee (THRU 9/28/24)	1.0	Director	$0	$0	$0
Frank Dimick	Trustee	1.0	Director	$0	$0	$0
Harold Matzner	Trustee (THRU 9/4/25)	1.0	Director	$0	$0	$0
Harvey Platt	Trustee (EFF 2/17/25)	1.0	Director	$0	$0	$0
Henry Levy	Trustee	1.0	Director	$0	$0	$0
Jan Harnik	Trustee	1.0	Director	$0	$0	$0
Jan Salta	Trustee	1.0	Director	$0	$0	$0
Jerome Matthews	Trustee (THRU 5/19/25)	1.0	Director	$0	$0	$0
John Schleimer	Trustee (EFF 2/17/25)	1.0	Director	$0	$0	$0
Jordan Schnitzer	Trustee	1.0	Director	$0	$0	$0
Kay Hanson	Trustee	1.0	Director	$0	$0	$0
Leslie McGrath	Trustee (EFF 2/17/25)	1.0	Director	$0	$0	$0
Manny Rider	Trustee (THRU 9/2/24)	1.0	Director	$0	$0	$0
Marjorie Victor	Trustee	1.0	Director	$0	$0	$0
Mark Adams	Trustee	1.0	Director	$0	$0	$0
Mary Ann Xavier	Trustee	1.0	Director	$0	$0	$0
Mary Lester	Trustee	1.0	Director	$0	$0	$0
Michael DeSantis	Trustee (EFF 5/19/25)	1.0	Director	$0	$0	$0
Michael Schreter	Trustee	1.0	Director	$0	$0	$0
Michael V Smith	Trustee	1.0	Director	$0	$0	$0
Pamela Beck	Trustee (EFF 2/17/25)	1.0	Director	$0	$0	$0
Rachelle WexlerPrim	Trustee (EFF 2/17/25)	1.0	Director	$0	$0	$0
Rebecca Benaroya	Trustee	1.0	Director	$0	$0	$0
Richard Weitz	Trustee (EFF 2/17/25)	1.0	Director	$0	$0	$0
Robert Archer	Trustee	1.0	Director	$0	$0	$0
Robert Stonehill	Trustee	1.0	Director	$0	$0	$0
Ronald Gregoire	Trustee	1.0	Director	$0	$0	$0
Steve Sorenson	Trustee (THRU 5/19/25)	1.0	Director	$0	$0	$0
Steve Traxler	Trustee (EFF 2/17/25)	1.0	Director	$0	$0	$0
Steven Fenton	Trustee (EFF 2/17/25)	1.0	Director	$0	$0	$0
Susan Palm	Trustee (EFF 4/21/25)	1.0	Director	$0	$0	$0
Terri Ketover	Trustee (EFF 2/17/25)	1.0	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	$22,850,242	$20,483,098	$58,947,422	$2,367,144
2024	$23,336,190	$18,829,170	$62,867,475	$4,507,020
2023	$19,366,765	$16,824,752	$57,288,154	$2,542,013
2022	$20,407,526	$14,541,335	$48,047,897	$5,866,191
2021	$9,942,818	$6,008,377	$45,749,727	$3,934,441
2020	$15,409,484	$14,290,415	$39,803,652	$1,119,069
2019	$17,962,029	$14,373,938	$36,775,702	$3,588,091
2018	$17,045,702	$14,801,186	$32,920,376	$2,244,516