MERRIMACK REPERTORY 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

1979

Legal Domicile

Principal Officer

COURTNEY SALE

Phone

9786544678

Tax Period

2023-07-01 to 2024-06-30

MERRIMACK REPERTORY THEATRE INC, founded in 1979, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.0M left a modest 7% surplus.

Mission

TO CREATE REMARKABLE NEW AND CONTEMPORARY PLAYS THAT BRING JOY TO OUR ART FORM WHILE ENGAGING, ENTERTAINING AND ENRICHING OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,546,736 Revenue: $583,704

DURING FISCAL YEAR 2024, THE THEATRE EXPANDED ITS SUBSCRIPTION SERIES TO 6 PLAYS, REFORMATTED YOUNG COMPANY PROGRAM AS SUMMER STAGE IN COOPERATION WITH MIDDLESEX COMMUNITY COLLEGE (MCC), AND LAUNCHED...

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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 $1,565,093

Program Service Revenue $583,704

Investment Income $23,342

Other Revenue $0

TOTAL REVENUE $2,172,139

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,245,734

Fundraising Expenses $182,527

Program Expenses $1,546,736

Other Expenses $780,101

TOTAL EXPENSES $2,025,835

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,172,139	$1,928,858	+0.1%
Expenses	$2,025,835	$2,402,749	-0.2%
Net Income	$146,304	$-473,891	-1.3%

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

100

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

$250,532

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM BAACKE	TRUSTEE	1.00	Director	$0	$0	$0
SUSU WONG	TRUSTEE (SINCE SEP '23)	1.00	Director	$0	$0	$0
PHIL SISSON	TRUSTEE (SINCE SEP '23)	1.00	Director	$0	$0	$0
STEVEN CHAO	TRUSTEE (SINCE JAN '24)	1.00	Director	$0	$0	$0
RENEE SOUCY	TRUSTEE (SINCE JAN '24)	1.00	Director	$0	$0	$0
JUDITH K BENSON	TRUSTEE	1.00	Director	$0	$0	$0
ANTON CHERNOFF	TRUSTEE (UNTIL APR '24)	1.00	Director	$0	$0	$0
MICHAEL G CONWAY	TRUSTEE	1.00	Director	$0	$0	$0
KAREN HARTMAN	TRUSTEE	1.00	Director	$0	$0	$0
BOPHA MALONE	TRUSTEE	1.00	Director	$0	$0	$0
TERRY T HOWARD	TRUSTEE	1.00	Director	$0	$0	$0
JACK MOYNIHAN	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN IRISH	TRUSTEE	1.00	Director	$0	$0	$0
ALYCE MOORE	TRUSTEE	1.00	Director	$0	$0	$0
JEFF WILSON	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN MITCHELL	TRUSTEE (UNTIL APR '24)	1.00	Director	$0	$0	$0
NANCY L DONAHUE	CHAIR	1.00	Officer Director	$0	$0	$0
JOANNE YESTRAMSKI	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
KATE REID	PRESIDENT	1.00	Officer Director	$0	$0	$0
TIM GREENWOOD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GEORGE VILLARAS	TREASURER	1.00	Officer Director	$0	$0	$0
EVAN SCHAPIRO	SECRETARY	1.00	Officer Director	$0	$0	$0
EDGAR A CYRUS JR	DIRECTOR OF FINANCE	40.00	Officer	$74,862	$7,829	$82,691
COURTNEY SALE	EXECUTIVE ARTISTIC DIRECTO	40.00	Officer	$160,012	$7,829	$167,841

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	No data	No data	No data	No data
2024	$2,172,139	$2,025,835	$2,429,685	$146,304
2023	$1,928,858	$2,402,749	$2,237,025	$-473,891
2022	$2,716,264	$2,353,902	$2,527,630	$362,362
2021	$1,409,361	$1,568,079	$2,046,962	$-158,718
2020	$2,416,747	$2,704,259	$2,225,097	$-287,512
2019	$2,925,832	$2,913,296	$2,523,132	$12,536
2018	$2,720,863	$2,599,923	$2,415,497	$120,940