THE THELMA GAYLORD LYRIC THEATRE E… - Form 990 Financial Data

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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

2001

Legal Domicile

Principal Officer

CARL SHORTT

Phone

4055249310

Tax Period

2024-01-01 to 2024-12-31

THE THELMA GAYLORD LYRIC THEATRE ENDOWMENT FUND, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $168K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $548K exceeded revenue, resulting in a 226% operating deficit.

Mission

ESTABLISHED FOR THE FINANCIAL SUPPORT OF LYRIC THEATRE INCLUDING: A. TO ESTABLISH AND ADMINISTER A MONETARY FUND TO BE USED FOR LYRIC THEATRE AND ITS EDUCATIONAL AND BENEVOLENT PROJECTS AS WELL AS PROMOTE LYRIC THEATRES PURPOSES. B. TO PROVIDE FUNDS FOR ADDITIONS AND IMPROVEMENTS TO THE REAL AND PERSONAL PROPERTY OF LYRIC THEATRE AND FOR THE REPAIRS AND MAINTENANCE OF LYRIC THEATRE PROPERTY. C. TO PROMOTE, ENCOURAGE AND ENHANCE BENEVOLENT GIVING BY THE PATRONS OF LYRIC THEATRE AND OTHERS BY THE SOLICITATION, ACCEPTANCE, AND RECEIPT OF CONTRIBUTIONS FROM INDIVIDUALS AND OTHERS TO BE USED BY THE ORGANIZATION IN THE FURTHERENCE FO LYRIC THEATRES PURPOSES. D. TO PROVIDE AN ENTITY TO WHICH THE PRESENT AND FUTURE ENDOWMENT FUNDS OF LYRIC THEATRE MAY BE TRANSFERRED FOR INVESTMENT AND ADMINISTRATION IN CONFORMITY WITH THE CHARITABLE, THEATRE AND EDUCATIONAL PURPOSES OF LYRIC THEATRE.

Program Service Accomplishments

Program 1

Expenses: $517,529 Revenue: $0

THE ORGANIZATION TRANSFERRED GRANTS TO LYRIC THEATRE TO SUPPORT OPERATIONS OF THE THEATRE.

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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 $0

Program Service Revenue $0

Investment Income $167,966

Other Revenue $0

TOTAL REVENUE $167,966

Expense Breakdown

Grants Paid $517,529

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $517,529

Other Expenses $30,021

TOTAL EXPENSES $547,550

Year-over-Year Comparison

	2024	2023	Change
Revenue	$167,966	$138,351	+0.2%
Expenses	$547,550	$238,748	+1.3%
Net Income	$-379,584	$-100,397	+2.8%

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

N/A

Volunteers

N/A

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
CARL SHORTT	PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID DOBSON	SECRETARY	2.00	Officer Director	$0	$0	$0
PATRICIA AUSTIN	BOARD MEMBER	2.00	Director	$0	$0	$0
RANDY COMPTON	BOARD MEMBER	2.00	Director	$0	$0	$0
SARAH FISHER	LYRIC THEATRE PAST PRESIDENT	2.00	Director	$0	$0	$0
BLAKE LAWRENCE	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT MCKOWN	BOARD MEMBER	2.00	Director	$0	$0	$0
DEBORAH MINARD	BOARD MEMBER	2.00	Director	$0	$0	$0
RICHARD RIGGS	BOARD MEMBER	2.00	Director	$0	$0	$0
JON TRUDGEON	BOARD MEMBER	2.00	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
2024	$167,966	$547,550	$4,866,796	$-379,584
2023	$138,351	$238,748	$4,882,906	$-100,397
2022	$103,096	$235,624	$4,413,428	$-132,528
2021	$144,837	$217,669	$5,373,190	$-72,832
2020	$118,048	$178,304	$4,871,801	$-60,256

THE THELMA GAYLORD LYRIC THEATRE ENDOWMENT FUND