TREMONT 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

1996

Legal Domicile

Principal Officer

JOHN CASEY SOWARD

Phone

6174829393

Tax Period

2024-06-01 to 2025-05-31

TREMONT THEATRE INC, founded in 1996, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.3M in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $4.6M exceeded revenue, resulting in a 38% operating deficit.

Mission

TO PROVIDE ARTS PROGRAMMING TO THE GENERAL PUBLIC AND PRESERVATION OF THE SHUBERT THEATRE.

Program Service Accomplishments

Program 1

Expenses: $3,820,586 Revenue: $3,612,002

PRESENTATION OF VARIOUS FORMS OF PERFORMING ARTS TO THE GENERAL PUBLIC.

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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 $0

Program Service Revenue $3,674,499

Investment Income $9,702

Other Revenue $-336,691

TOTAL REVENUE $3,347,510

Expense Breakdown

Grants Paid $0

Salaries & Benefits $768,671

Fundraising Expenses $0

Program Expenses $3,820,586

Other Expenses $3,844,024

TOTAL EXPENSES $4,612,695

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,347,510	$5,651,137	-0.4%
Expenses	$4,612,695	$7,226,491	-0.4%
Net Income	$-1,265,185	$-1,575,354	-0.2%

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

245

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

$447,628

Total Directors

$110,495

Key Employees

$852,682

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN CASEY SOWARD	PRESIDENT & CEO (AS OF 10/24)	7.00	Officer Director	$0	$8,616	$110,495
MARK WELD	TRUSTEE/ CHAIRMAN	1.00	Officer Director	$0	$0	$0
COURTNEY WANG	TRUSTEE/ VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
GINA CONSYLMAN	TRUSTEE/ VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
GREGORY WHITE	TRUSTEE/ VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
MICHAEL CHRISTIAN	TRUSTEE/ VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
STEPHEN GIULIETTI	TRUSTEE/ TREASURER	1.00	Officer Director	$0	$0	$0
BRIAN AWE	TRUSTEE/ CLERK	1.00	Officer Director	$0	$0	$0
JOHN F PERKINS	INTERIM CO-CEO (TIL 10/24)/ VP & CFO	14.00	Officer	$0	$40,133	$337,133
MICHAEL SZCZEPKOWSKI	INTERIM CO-CEO (TIL 10/24)/ VP & GM	4.00	Key Emp	$0	$54,342	$362,980
SUE PEKOCK	VP & CAO OF DEV & INS. MKTG.	0.00	Key Emp	$0	$23,346	$248,303
BRIAN GALE	VP & MANAGING DIR. BOOKING	4.00	Key Emp	$0	$10,669	$241,399
COREY EVANS	VP & SR DIR OF EDUCATION	0.00	Highest	$0	$54,815	$202,837
LISA MUISE	CONTROLLER	14.00	Highest	$0	$9,525	$182,190
ERIC NEILL	DIRECTOR OF THEATRE OPERATIONS	4.00	Highest	$0	$46,205	$180,002
ANNE TAYLOR	SENIOR EXECUTIVE ASSISTANT	7.00	Highest	$0	$20,553	$154,646
JOHN WORDEN	BOX OFFICE TREASURER	4.00	Highest	$0	$11,814	$139,873
JOSIAH A SPAULDING JR	FORMER TRUSTEE/PRESIDENT & CEO	7.00		$0	$32,722	$496,200

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	$3,347,510	$4,612,695	$5,374,468	$-1,265,185
2024	$5,651,137	$7,226,491	$6,199,337	$-1,575,354
2023	$3,510,815	$4,878,184	$5,643,667	$-1,367,369
2022	$4,095,279	$5,000,116	$4,573,077	$-904,837
2021	$51,120	$1,336,550	$3,699,538	$-1,285,430
2020	$4,834,729	$5,646,993	$4,028,653	$-812,264
2019	$6,092,729	$7,159,811	$4,807,301	$-1,067,082
2018	$6,337,321	$8,283,017	$5,251,292	$-1,945,696