THEATRE UP (EIN 020359613) - 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

1981

Legal Domicile

Principal Officer

Kathe Tortorice

Phone

3233978652

Tax Period

2024-07-01 to 2025-06-30

THEATRE UP, founded in 1981, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $547K, a strong 52% operating margin.

Mission

TO PROMOTE HIGH STANDARDS OF EXCELLENCE IN THEATRICAL ENDEAVORS AT THE COMMUNITY LEVEL TO ENCOURAGE PARTICIPATION IN THEATRE ARTS.

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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 $928,877

Program Service Revenue $93,995

Investment Income $8,675

Other Revenue $17,228

TOTAL REVENUE $1,048,775

Expense Breakdown

Grants Paid $0

Salaries & Benefits $160,920

Fundraising Expenses $81,510

Program Expenses $340,656

Other Expenses $341,067

TOTAL EXPENSES $501,987

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,048,775	$1,441,264	-0.3%
Expenses	$501,987	$394,382	+0.3%
Net Income	$546,788	$1,046,882	-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

160

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

$60,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lynn Grigelevich	Executive Director	040.00	Officer	$60,500	$0	$60,500
Courtney Vashaw	President	003.00	Officer Director	$0	$0	$0
Jennifer Donovan	Vice President	003.00	Officer Director	$0	$0	$0
Amy Mullins	Treasurer	003.00	Officer Director	$0	$0	$0
Connor MacDonald	Secretary	002.00	Officer Director	$0	$0	$0
Jess Griffiths	Director	004.00	Director	$0	$0	$0
Tim Connolly	Director	002.00	Director	$0	$0	$0
Janne Kirk	Director	003.00	Director	$0	$0	$0
Ed King	Director	004.00	Director	$0	$0	$0
George Mitchell	Director	001.00	Director	$0	$0	$0
Madalyn Sheehy	Director	001.00	Director	$0	$0	$0
Kathe Tortorice	Director	003.00	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
2025	$1,048,775	$501,987	$2,174,868	$546,788
2024	$1,441,264	$394,382	$1,630,611	$1,046,882
2023	$311,687	$305,663	$573,658	$6,024
2022	$562,742	$189,812	$563,704	$372,930
2021	$212,302	$182,283	$146,766	$30,019

THEATRE UP