WANG THEATRE INC (EIN 043317597) - 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

1996

Legal Domicile

Principal Officer

JOHN CASEY SOWARD

Phone

6174829393

Tax Period

2024-06-01 to 2025-05-31

WANG THEATRE INC, founded in 1996, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $19.9M in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring.

Mission

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

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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 $19,247,999

Investment Income $179,350

Other Revenue $430,065

TOTAL REVENUE $19,857,414

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,867,685

Fundraising Expenses $0

Program Expenses $18,758,782

Other Expenses $13,975,961

TOTAL EXPENSES $19,843,646

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,857,414	$32,754,160	-0.4%
Expenses	$19,843,646	$32,774,648	-0.4%
Net Income	$13,768	$-20,488	-1.7%

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

421

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	TRUSTEE/PRESIDENT & CEO (AS OF 10/24)	12.00	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	16.00	Officer	$0	$40,133	$337,133
MICHAEL SZCZEPKOWSKI	INTERIM CO-CEO(TIL 10/24)/VP & GM	36.00	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	36.00	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	16.00	Highest	$0	$9,525	$182,190
ERIC NEILL	DIRECTOR OF THEATRE OPERATIONS	36.00	Highest	$0	$46,205	$180,002
ANNE TAYLOR	SENIOR EXECUTIVE ASSISTANT	12.00	Highest	$0	$20,553	$154,646
JOHN WORDEN	BOX OFFICE TREASURER	36.00	Highest	$0	$11,814	$139,873
JOSIAH A SPAULDING JR	FORMER TRUSTEE/PRESIDENT & CEO	12.00		$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	$19,857,414	$19,843,646	$25,649,788	$13,768
2024	$32,754,160	$32,774,648	$19,859,832	$-20,488
2023	$33,499,157	$32,186,725	$19,289,048	$1,312,432
2022	$31,405,491	$23,611,584	$18,276,113	$7,793,907
2021	$365,868	$3,968,134	$11,321,793	$-3,602,266
2020	$13,423,297	$17,061,195	$13,670,531	$-3,637,898
2019	$25,869,636	$27,712,815	$13,222,160	$-1,843,179
2018	$21,968,439	$24,188,236	$16,236,570	$-2,219,797

WANG THEATRE INC