CORSICANAS PALACE THEATRE (EIN 043736523) - 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

2003

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

CORSICANAS PALACE THEATRE, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $304K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $261K left a modest 14% surplus.

Mission

THE PALACE THEATRE OFFERS TO THE PUBLIC ON AN ANNUAL BASIS A VARIETY OF PROFESSIONAL MUSICAL ARTISTS IN AN EARLY 1920S STYLE THEATRE. ALL TYPES OF VOCALISTS, INSTRUMENTALS AND MUSICALS ARE PRESENTED

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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 $190,574

Program Service Revenue $129,098

Investment Income $2

Other Revenue $-15,752

TOTAL REVENUE $303,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $238,759

Other Expenses $261,435

TOTAL EXPENSES $261,435

Year-over-Year Comparison

	2024	2023	Change
Revenue	$303,922	$276,196	+0.1%
Expenses	$261,435	$464,441	-0.4%
Net Income	$42,487	$-188,245	-1.2%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID TIMMERMAN	DIRECTOR	0.00	Director	$0	$0	$0
TIM BRADY	DIRECTOR	0.00	Director	$0	$0	$0
LOREN PAGE	DIRECTOR	0.00	Director	$0	$0	$0
SANDRA HUFFMAN	DIRECTOR	0.00	Director	$0	$0	$0
KAY COOK	DIRECTOR	0.00	Director	$0	$0	$0
JASON MANNING	DIRECTOR	0.00	Director	$0	$0	$0
LAURA OSIECKI	TREASURER	1.00	Officer	$0	$0	$0
FRED BILTZ	TREASURER	1.00	Officer	$0	$0	$0
KRISTIN MAUPIN HAYS	SECRETARY	1.00	Officer	$0	$0	$0
LIZ KINGMAN	VICE PRESIDENT	1.00	Officer	$0	$0	$0
MALINDA VELDMAN	PRESIDENT	1.00	Officer	$0	$0	$0
ASHTON KANTOR	EXECUTIVE DIRECTOR	0.00	Key Emp	$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
2025	No data	No data	No data	No data
2024	$303,922	$261,435	$54,503	$42,487
2023	$276,196	$464,441	$43,372	$-188,245
2022	$426,643	$409,228	$132,805	$17,415
2021	$227,204	$302,009	$97,845	$-74,805
2020	$332,890	$247,456	$174,075	$85,434
2019	$331,003	$319,365	$127,540	$11,638
2018	$356,229	$322,367	$99,132	$33,862

CORSICANAS PALACE THEATRE