FRIENDS OF NEWPORT THEATRE ARTS CENTER (EIN 953251950) - 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

1978

Legal Domicile

Principal Officer

MICHELLE BENDETTI

Phone

9496310288

Tax Period

2023-08-01 to 2024-07-31

FRIENDS OF NEWPORT THEATRE ARTS CENTER, founded in 1978, is a small nonprofit in the Arts, Culture & Humanities sector that reported $211K in total revenue in fiscal year 2023. Expenses of $269K exceeded revenue, resulting in a 27% operating deficit.

Mission

THEATRICAL PLAYS

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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 $35,441

Program Service Revenue $186,731

Investment Income $-10,691

Other Revenue $0

TOTAL REVENUE $211,481

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,530

Fundraising Expenses $0

Program Expenses $269,390

Other Expenses $177,860

TOTAL EXPENSES $269,390

Year-over-Year Comparison

	2023	2022	Change
Revenue	$211,481	$197,822	+0.1%
Expenses	$269,390	$241,102	+0.1%
Net Income	$-57,909	$-43,280	+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
RAE COHEN	EMERITUS	8.00	Director	$0	$0	$0
BILL PETERS	Director	8.00	Director	$0	$0	$0
FLOYD HARDEN	Director	8.00	Director	$0	$0	$0
LORI KELLY	Director	8.00	Director	$0	$0	$0
KRISTINA ANDERSON	Secretary	8.00	Director	$0	$0	$0
JAMES HUFFMAN	Director	8.00	Director	$0	$0	$0
KATINA GOSHTASBY	Treasurer	8.00	Officer	$0	$0	$0
ANDREW KELLY	Vice President	8.00	Officer	$0	$0	$0
MICHELLE BENDETTI	President & CEO	20.00	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
2024	$211,481	$269,390	$544,592	$-57,909
2023	$197,822	$241,102	$537,210	$-43,280
2022	$109,301	$136,876	$556,337	$-27,575
2021	$50,590	$80,386	$660,978	$-29,796
2020	$258,867	$90,015	$677,701	$168,852
2019	$138,083	$136,658	$508,849	$1,425

FRIENDS OF NEWPORT THEATRE ARTS CENTER