IMPROVISATION CENTER OF BOSTON INC (EIN 043194750) - 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

1994

Legal Domicile

Principal Officer

JOSH GARNEAU

Phone

6175761253

Tax Period

2023-07-01 to 2024-06-30

IMPROVISATION CENTER OF BOSTON INC, founded in 1994, is a small nonprofit that reported $240K in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $581K exceeded revenue, resulting in a 142% operating deficit.

Mission

NEW ENGLAND'S LEADING THEATRE AND SCHOOL DEDICATED TO THE ART OF COMEDY AND ALL ITS FORMS.

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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 $1,692

Program Service Revenue $237,422

Investment Income $587

Other Revenue $600

TOTAL REVENUE $240,301

Expense Breakdown

Grants Paid $0

Salaries & Benefits $407,078

Fundraising Expenses $0

Program Expenses $432,131

Other Expenses $173,472

TOTAL EXPENSES $580,550

Year-over-Year Comparison

	2023	2022	Change
Revenue	$240,301	$419,659	-0.4%
Expenses	$580,550	$796,099	-0.3%
Net Income	$-340,249	$-376,440	-0.1%

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

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

$90,549

Total Directors

$90,549

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW LAIDLAW	P/MD(UNT 1/24)/D(1/24-4/24)/CLERK	40.00	Officer Director	$80,069	$9,220	$89,289
JOSH GARNEAU	DIR. (1/24-4/24)/PRES (AS OF 4/24)	10.00	Officer Director	$1,260	$0	$1,260
TAMMI PIRRI DAY	CHAIR (UNT 4/24)/TREAS (AS OF 4/24)	10.00	Officer Director	$0	$0	$0
JOSEPH SZAFAROWICZ	TREASURER (OUTGOING)	1.00	Officer Director	$0	$0	$0
KRISTIE LASALLE	CLERK (OUTGOING)	1.00	Officer Director	$0	$0	$0
JOHN BUTEN	DIRECTOR (OUTGOING)	1.00	Director	$0	$0	$0
SAMANTHA LEVANGIE	DIRECTOR	5.00	Director	$0	$0	$0
NICK MINICUCCI	DIRECTOR	5.00	Director	$0	$0	$0
ELLEN STEPANSKY	DIRECTOR (OUTGOING)	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
2024	$240,301	$580,550	$85,393	$-340,249
2023	$419,659	$796,099	$543,475	$-376,440
2022	$1,486,923	$660,178	$852,210	$826,745
2021	$312,878	$302,156	$105,593	$10,722
2020	$1,331,229	$1,431,444	$249,040	$-100,215
2019	$1,643,764	$1,716,477	$322,824	$-72,713
2018	$1,582,476	$1,760,279	$398,662	$-177,803

IMPROVISATION CENTER OF BOSTON INC