PENOBSCOT THEATRE COMPANY (EIN 010387418) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

GLORIA VOLLMERS

Phone

2079476618

Tax Period

2023-09-01 to 2024-08-31

PENOBSCOT THEATRE COMPANY is a 501(c)(3) with EIN 010387418, based in BANGOR, ME. Founded in 1983, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $1,807,124 in total revenue and $2,214,826 in total expenses, with net assets of $1,300,121.

Mission

PROMOTING AND ENCOURAGING DRAMATICS AND THEATRICAL ART BY PRODUCING AND SPONSORING HIGH QUALITY LIVE THEATRE AND CONDUCTING CHILDREN'S WORKSHOPS, EDUCATIONAL OUTREACH PROGRAMS AND INTERN TRAINING PROGRAMS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $690,459

Program Service Revenue $960,005

Investment Income $13,830

Other Revenue $142,830

TOTAL REVENUE $1,807,124

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,402,142

Fundraising Expenses $153,698

Program Expenses $1,873,214

Other Expenses $807,922

TOTAL EXPENSES $2,214,826

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,807,124	$1,322,279	+0.4%
Expenses	$2,214,826	$2,136,921	+0.0%
Net Income	$-407,702	$-814,642	-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

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

$70,070

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER SHEPARD	EXECUTIVE DI	40.00	Officer	$65,918	$4,152	$70,070
DAVE BARRETT	DIRECTOR	1.00	Director	$0	$0	$0
SUNDANCE CAMPBELL	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIDGETTE CHALILA	DIRECTOR	1.00	Director	$0	$0	$0
JOCELYN COGEN	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN CONWAY	DIRECTOR	1.00	Director	$0	$0	$0
KATE DICKERSON	DIRECTOR	1.00	Director	$0	$0	$0
LIZA FRAZELL	DIRECTOR	1.00	Director	$0	$0	$0
BETH HAGERTY	DIRECTOR	1.00	Director	$0	$0	$0
BENJAMIN JOHNSON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MARGO LUKENS	DIRECTOR	1.00	Director	$0	$0	$0
KATHRYN OLMSTEAD	SECRETARY	1.00	Officer Director	$0	$0	$0
JILLIAN SARNACKI-WOOD	DIRECTOR	1.00	Director	$0	$0	$0
DAVE SHOVE	DIRECTOR	1.00	Director	$0	$0	$0
BETHANY STOUGH	DIRECTOR	1.00	Director	$0	$0	$0
TIM STOUT	DIRECTOR	1.00	Director	$0	$0	$0
DOMINICK VARNEY	DIRECTOR	1.00	Director	$0	$0	$0
GLORIA VOLLMERS	TREASURER	1.00	Officer Director	$0	$0	$0
JONATHAN WOOD	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY PELLEGRINI	DIRECTOR	1.00		$0	$0	$0
JONATHAN BERRY	ARTISTIC DIR	40.00	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	$1,807,124	$2,214,826	$2,408,075	$-407,702
2023	$1,322,279	$2,136,921	$2,616,269	$-814,642
2022	$1,699,905	$1,978,822	$3,055,181	$-278,917
2021	$2,578,717	$1,085,982	$3,641,212	$1,492,735
2020	$1,327,527	$1,346,451	$2,053,998	$-18,924
2019	$1,857,662	$1,824,781	$1,868,803	$32,881
2018	$1,388,613	$1,404,112	$1,855,754	$-15,499

PENOBSCOT THEATRE COMPANY