WILLIAMSTOWN THEATRE FOUNDATIONINC

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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

1954

Legal Domicile

Principal Officer

Margaret Stewart

Phone

4134583200

Tax Period

2023-01-01 to 2023-12-31

WILLIAMSTOWN THEATRE FOUNDATIONINC, founded in 1954, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.0M in total revenue in fiscal year 2023. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 39% operating margin.

Mission

TO PROVIDE A TRAINING PROGRAM IN WHICH EMERGING THEATER TALENTS COLLABORATE WITH ACCOMPLISHED MENTORS IN A VITAL, PROFESSIONAL, AND EDUCATED ATMOSPHERE. TO CREATE AND PRESENT PROGRAMS THAT SERVE AND ENGAGE A DIVERSE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $2,252,784 Revenue: $356,672

In accordance with part of our mission, the 2023 season featured 3 staged readings, our developmental play reading series hosted at The Clark Art Institute, the return of our beloved Cabaret series and multiple artist workshops, all utilizing the gorgeous backdrop of the summer in the Berkshires.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,576,145

Program Service Revenue $339,216

Investment Income $106,544

Other Revenue $17,456

TOTAL REVENUE $5,039,361

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,480,255

Fundraising Expenses $387,252

Program Expenses $2,252,784

Other Expenses $1,602,402

TOTAL EXPENSES $3,082,657

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,039,361	$3,150,720	+0.6%
Expenses	$3,082,657	$4,580,757	-0.3%
Net Income	$1,956,704	$-1,430,037	-2.4%

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

107

Volunteers

200

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

$210,708

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNY GERSTEN	Interim Art. Director	40.0	Officer	$196,923	$13,785	$210,708
JOSH MARTINEZ-NELSON	Director of Development	40.0	Highest	$125,480	$19,916	$145,396
JUSTIN BELL	DIRECTOR OF PRODUCTION	40.0	Highest	$111,361	$18,927	$130,288
Jeffrey Johnson	CHAIRMAN	1.0	Officer Director	$0	$0	$0
Joe Finnegan	Vice Chair	1.0	Officer Director	$0	$0	$0
Kristen Johanson	secretary	1.0	Officer Director	$0	$0	$0
Donald B Elitzer	Treasurer	1.0	Officer Director	$0	$0	$0
Alicia B Adams	TRUSTEE	1.0	Director	$0	$0	$0
Robert E Baker-White	TRUSTEE	1.0	Director	$0	$0	$0
Kate Burton	TRUSTEE	1.0	Director	$0	$0	$0
Rebecca Gold Cellana	TRUSTEE	1.0	Director	$0	$0	$0
Tom Fontana	TRUSTEE	1.0	Director	$0	$0	$0
Qadir Forbes	TRUSTEE	1.0	Director	$0	$0	$0
Olivia Howard	TRUSTEE	1.0	Director	$0	$0	$0
Todd Jick	TRUSTEE	1.0	Director	$0	$0	$0
Gary S Levine	TRUSTEE	1.0	Director	$0	$0	$0
Richard Levy Jr	TRUSTEE	1.0	Director	$0	$0	$0
Maud S Mandel	TRUSTEE	1.0	Director	$0	$0	$0
Rhon Manigault-Bryant	TRUSTEE	1.0	Director	$0	$0	$0
Katherine Kollath Peabody	TRUSTEE	1.0	Director	$0	$0	$0
Katie Hazlett Schmidt	TRUSTEE	1.0	Director	$0	$0	$0
Caren Pasquale Seckler	TRUSTEE	1.0	Director	$0	$0	$0
Margaret Gould Stewart	TRUSTEE	1.0	Director	$0	$0	$0
Brad Svrluga	TRUSTEE	1.0	Director	$0	$0	$0
Alex Volckhausen	TRUSTEE	1.0	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	No data	No data	No data	No data
2023	$5,039,361	$3,082,657	$12,671,855	$1,956,704
2022	$3,150,720	$4,580,757	$9,746,821	$-1,430,037
2021	$7,224,281	$4,582,773	$11,514,854	$2,641,508
2020	$2,767,280	$2,628,550	$7,833,361	$138,730
2019	$5,045,503	$4,601,948	$6,932,121	$443,555
2019	$4,938,678	$4,570,947	$6,932,121	$367,731
2018	$5,357,437	$4,718,446	$5,941,745	$638,991
2017	$4,288,044	$4,233,168	$5,973,082	$54,876