LATCHIS ARTS INC (EIN 030231573) - 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

1997

Legal Domicile

Phone

8022541109

Tax Period

2024-07-01 to 2025-06-30

LATCHIS ARTS INC, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $188K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Net assets of $901K represent 57 months of operating reserves.

Mission

RENOVATIONS OF LATCHIS THEATRE IN BRATTLEBORO, VERMONT

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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 $67,715

Program Service Revenue $120,137

Investment Income $507

Other Revenue $0

TOTAL REVENUE $188,359

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,056

Fundraising Expenses $2,852

Program Expenses $123,891

Other Expenses $160,711

TOTAL EXPENSES $203,767

Year-over-Year Comparison

	2024	2023	Change
Revenue	$188,359	$249,172	-0.2%
Expenses	$203,767	$161,818	+0.3%
Net Income	$-15,408	$87,354	-1.2%

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

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
JONATHAN POTTER	Executive Dir.	25.00	Director	$0	$0	$0
TONY BACON	President	3.00	Officer Director	$0	$0	$0
MAXX PASSION	Secretary	1.50	Officer Director	$0	$0	$0
DANIEL YATES	Treasurer	1.50	Officer Director	$0	$0	$0
TAYLOR DUNNE	Vice President	1.00	Officer Director	$0	$0	$0
SARAH SWANK	Director	1.00	Director	$0	$0	$0
GORDON BENETT	Director	1.00	Director	$0	$0	$0
SANDY THOMPSON	Director	1.00	Director	$0	$0	$0
JOEY MORGAN	Director	1.00	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	$188,359	$203,767	$1,091,869	$-15,408
2024	$249,172	$161,818	$1,228,132	$87,354
2023	$278,340	$191,366	$1,307,535	$86,974
2022	$103,735	$97,477	$1,308,952	$6,258
2021	$73,556	$83,486	$1,259,053	$-9,930
2020	$145,425	$139,125	$1,166,742	$6,300
2019	$117,994	$112,685	$1,364,662	$5,309
2018	$88,364	$129,192	$1,554,089	$-40,828

LATCHIS ARTS INC