THE FRIENDS OF THE PALACE THEATER (EIN 990352607) - 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

2002

Legal Domicile

Principal Officer

JEFFREY DAVIS

Phone

8089347010

Tax Period

2024-01-01 to 2024-12-31

THE FRIENDS OF THE PALACE THEATER, founded in 2002, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

PROVIDE CULTURAL AND EDUCATIONAL EVENTS AND RESTORE A HISTORIC BUILDING.

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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 $192,733

Program Service Revenue $822,526

Investment Income $358

Other Revenue $1,220

TOTAL REVENUE $1,016,837

Expense Breakdown

Grants Paid $2,670

Salaries & Benefits $324,413

Fundraising Expenses $18,745

Program Expenses $881,639

Other Expenses $761,345

TOTAL EXPENSES $1,088,428

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,016,837	$1,082,641	-0.1%
Expenses	$1,088,428	$1,030,708	+0.1%
Net Income	$-71,591	$51,933	-2.4%

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

$68,627

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY DAVIS	PRESIDENT	7.50	Officer Director	$0	$0	$0
WENDY PESKIN	PAST PRESIDE	7.50	Officer Director	$0	$0	$0
JEFFREY L DAVIS	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
BETH BLOCK	SECRETARY	2.50	Officer Director	$0	$0	$0
SUSAN STARKEY HENDRICKS	TREASURER	2.50	Officer Director	$0	$0	$0
GENEVIEVE AIONA	DIRECTOR	0.50	Director	$0	$0	$0
STEVE PEYTON	DIRECTOR	0.50	Director	$0	$0	$0
DANA BUTLER	DIRECTOR	0.50	Director	$0	$0	$0
RUSSELL RUDERMAN	DIRECTOR	0.50	Director	$0	$0	$0
MARCIA PROSE	DIRECTOR	0.50	Director	$0	$0	$0
JASON GREEN	DIRECTOR	0.50	Director	$0	$0	$0
PHILLIPS PAYSON	EXECUTIVE DI	40.00	Officer	$62,875	$5,752	$68,627

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	$1,016,837	$1,088,428	$1,130,335	$-71,591
2023	$1,082,641	$1,030,708	$1,163,698	$51,933
2022	$833,414	$823,783	$1,118,683	$9,631
2021	$596,074	$401,676	$1,232,387	$194,398
2020	$732,234	$374,888	$995,025	$357,346
2019	$601,360	$537,996	$440,362	$63,364
2018	$485,086	$525,161	$386,642	$-40,075

THE FRIENDS OF THE PALACE THEATER