CAROLINA THEATRE OF GREENSBORO INC (EIN 043781645) - 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

Principal Officer

ALEXANDRA ARPAJIAN

Phone

3363332600

Tax Period

2023-07-01 to 2024-06-30

CAROLINA THEATRE OF GREENSBORO INC, founded in 2003, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $2.0M exceeded revenue, resulting in a 21% operating deficit.

Mission

PRESENTING ARTS - PRESERVING HISTORY - PROMOTING COMMUNITY. OUR PURPOSE: THE CAROLINA THEATRE PROVIDES A CUTTING-EDGE PERFORMANCE, FILM, AND RENTAL VENUE, HOUSED WITHIN A CENTURY-OLD VAUDEVILLE THEATER. WE WORK TIRELESSLY TO PRESERVE OUR UNIQUE AND ARCHITECTURALLY SIGNIFICANT BUILDING WHILE ALSO PROVIDING PERFORMERS AND AUDIENCES WITH A STATE-OF-THE-ART ENTERTAINMENT FACILITY. WE PARTNER WITH COMMUNITY ORGANIZATIONS TO PROVIDE DIVERSE PROGRAMMING AND VALUABLE EDUCATIONAL OPPORTUNITIES. IN SHORT, WE ARE COMMITTED TO ENHANCING DOWNTOWN GREENSBORO BY OFFERING INCREDIBLE PERFORMING ARTS PROGRAMMING WHILE, AT THE SAME TIME, SERVING AS STEWARDS OF OUR LANDMARK BUILDING.

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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 $367,788

Program Service Revenue $605,655

Investment Income $16,035

Other Revenue $631,379

TOTAL REVENUE $1,620,857

Expense Breakdown

Grants Paid $0

Salaries & Benefits $557,077

Fundraising Expenses $97,667

Program Expenses $1,571,495

Other Expenses $1,396,344

TOTAL EXPENSES $1,953,421

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,620,857	$1,789,268	-0.1%
Expenses	$1,953,421	$1,643,351	+0.2%
Net Income	$-332,564	$145,917	-3.3%

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

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

$113,928

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALTINA LAYMAN	CHAIR	10.00	Officer Director	$0	$0	$0
ALICIA WILLIAMS	SECRETARY	1.00	Officer Director	$0	$0	$0
JIM EVERHART	TREASURER	1.00	Officer Director	$0	$0	$0
M TAYLOR BUTLER	VICE-CHAIR	3.00	Officer Director	$0	$0	$0
STEVE FREYALDENHOVEN	VICE-CHAIR	3.00	Officer Director	$0	$0	$0
REGINA GLASPIE	VICE-CHAIR	3.00	Officer Director	$0	$0	$0
JOHN W GRAHAM	VICE-CHAIR	3.00	Officer Director	$0	$0	$0
BOB THURSTON	VICE-CHAIR	3.00	Officer Director	$0	$0	$0
BETTY CONE	HONORARY CHAIR	1.00	Officer Director	$0	$0	$0
MIGUEL A BRITO JR	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE BRUMMITT	DIRECTOR	1.00	Director	$0	$0	$0
DAWN S CHANEY	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY CONE	DIRECTOR	1.00	Director	$0	$0	$0
FELTON FOUSHEE	DIRECTOR	1.00	Director	$0	$0	$0
COOPER HARRELL	DIRECTOR	1.00	Director	$0	$0	$0
NANCY HOFFMANN	DIRECTOR	1.00	Director	$0	$0	$0
WILMOT JONES	DIRECTOR	1.00	Director	$0	$0	$0
LES MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE MCCLUNG	DIRECTOR	1.00	Director	$0	$0	$0
DAVIS MCDONALD	DIRECTOR	1.00	Director	$0	$0	$0
IRISH SPENCER	DIRECTOR	1.00	Director	$0	$0	$0
JACE STRANDBERG	DIRECTOR	1.00	Director	$0	$0	$0
GINA URESTI	DIRECTOR	1.00	Director	$0	$0	$0
DON VAUGHAN	DIRECTOR	1.00	Director	$0	$0	$0
RENEE HICKS WALKER	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN GRAY	EXECUTIVE DIRECTOR	40.00	Officer	$98,096	$15,832	$113,928

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	$1,620,857	$1,953,421	$7,428,507	$-332,564
2023	$1,789,268	$1,643,351	$7,717,317	$145,917
2022	$1,719,831	$1,419,086	$7,490,983	$300,745
2021	$1,077,005	$813,319	$7,293,869	$263,686
2020	$1,233,033	$1,605,700	$7,166,510	$-372,667
2019	$1,771,112	$1,665,329	$7,404,079	$105,783
2018	$2,237,883	$1,606,373	$7,198,581	$631,510

CAROLINA THEATRE OF GREENSBORO INC