WALDO THEATRE 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

1990

Legal Domicile

Principal Officer

KIMBERLY SAMPSON

Phone

2075429138

Tax Period

2024-01-01 to 2024-12-31

WALDO THEATRE INC, founded in 1990, is a small nonprofit in the Arts, Culture & Humanities sector that reported $577K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

WALDO THEATRE CONNECTS AND BUILDS COMMUNITY BY CELEBRATING CULTURE AND THE ARTS

Program Service Accomplishments

Program 1

Expenses: $381,657 Revenue: $345,421

THE WALDO THEATRE BRINGS LIVE MUSIC,THEATRE, MOVIES, DANCE AND EDUCATIONAL PROGRAMS TO THE MIDCOAST MAINE COMMUNITY YEAR-ROUND. WE ARE DEEPLY COMMITTED TO THE STEWARDSHIP OF THIS HISTORIC LANDMARK...

THE WALDO THEATRE BRINGS LIVE MUSIC,THEATRE, MOVIES, DANCE AND EDUCATIONAL PROGRAMS TO THE MIDCOAST MAINE COMMUNITY YEAR-ROUND. WE ARE DEEPLY COMMITTED TO THE STEWARDSHIP OF THIS HISTORIC LANDMARK AND ARE WORKING TO SPARK AN ECONOMIC AND CULTURAL RENAISSANCE IN DOWNTOWN WALDOBORO AND ACROSS THE MIDCOAST REGION. WE STRIVE TO KEEP OUR PROGRAMMING ACCESSIBLE SO KEEP TICKET PRICES AS LOW AS POSSIBLE. IN 2024 WE PRESENTED 86 TICKETED EVENTS, WELCOMING APPROXIMATELY 8800 PATRONS, OVER 2600 OF WHOM WERE FIRST TIME ATTENDEES. WE IMPROVED PROFITABILITY BY REDUCING THE NUMBER OF TICKETED EVENTS AND INCREASING THE NUMBER OF ATTENDEES (TICKETS SOLD)

Program 2

Expenses: $49,343 Revenue: $41,709

THE WALDO USES THE TRANSFORMATIVE POWER OF THE ARTS TO ENGAGE, EDUCATE, AND ENTERTAIN, AND HAVE BUILT A SET OF PROGRAMS DESIGNED TO MEET SUTDENTS WHERE THEY ARE ACADEMICALLY, ARTISTICALLY, SOCIALLY, AND EMOTIONALLY,AND HELP THEM DISCOVER AND DEVELOP LIFE SKILLS. OUR GOAL IS TO PROVIDE HIGH QUALITY THEATRE ARTS EDUCATION THAT REINFORCES ACADEMIC LEARNING OBJECTIVES SUCH AS READING COMPREHENSION AND ORAL LANGUAGE SKILLS, AS WELL AS VITAL SOCIAL EMOTIONAL SKILLS SUCH AS CONFIDENCE, COMMUNICATION, CREATIVITY AND CONNECTION. THROUGH ACTIVITIES IN SCHOOL, AFTER SCHOOL AND IN SUMMER, AND MASTER CLASSES BY PROFESSIONAL ARTISTS, THE WALDO SEEKS TO ENRICH CULTURAL EDUCATION FOR ALL RESIDENTS, REGARDLESS OF MEANS. DURING THE 2023/2024 SCHOOL YEAR, OUR IN-SCHOOL PROGRAM SERVED 119 STUDENTS IN SIX CLASSROOMS IN FIVE TOWNS. WE HAD OVER 500 STUDENTS ATTEND CURRICULUM-BASED FIELD TRIPS, AND OUR AFTER SCHOOL PROGRAM SERVED 45 STUDENTS. THE AFTER SCHOOL AND SUMMER CAMP PRGRAMS ARE BOTH FEE-BASED WITH THE GOAL OF BEING SELF-SUSTAINING. FULL OR PARTIAL SCHOLARSHIPS ENSURE THAT NO STUDENT IS LEFT OUT DUE TO ECONOMIC HARDSHIP. UNDERWRITING ALLOWS FOR DECREASED REGISTRATION FEES, INCREASING ACCESSIBILITY.

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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 $230,818

Program Service Revenue $297,983

Investment Income $214

Other Revenue $48,131

TOTAL REVENUE $577,146

Expense Breakdown

Grants Paid $120

Salaries & Benefits $190,871

Fundraising Expenses $45,067

Program Expenses $431,000

Other Expenses $375,745

TOTAL EXPENSES $566,736

Year-over-Year Comparison

	2024	2023	Change
Revenue	$577,146	$487,903	+0.2%
Expenses	$566,736	$516,073	+0.1%
Net Income	$10,410	$-28,170	-1.4%

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

$71,500

Total Directors