BLACKSTONE RIVER THEATRE (EIN 050493733) - 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

1997

Legal Domicile

Principal Officer

PETER LANGTON

Phone

4017259272

Tax Period

2023-01-01 to 2023-12-31

BLACKSTONE RIVER THEATRE, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $214K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $387K exceeded revenue, resulting in a 81% operating deficit.

Mission

THE MISSION OF BLACKSTONE RIVER THEATRE (BRT) IS TO PRESENT THE PERFORMING AND VISUAL ARTS; TO OFFER ARTS EDUCATION; AND TO PRESERVE AND SUPPORT DIVERSE TRADITIONS OF MUSIC, DANCE, AND VISUAL ARTS WITH AN EMPHASIS ON THOSE GROUPS THAT SETTLED IN RHODE ISLAND'S BLACKSTONE RIVER VALLEY.

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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 $39,241

Program Service Revenue $147,298

Investment Income $15,886

Other Revenue $11,082

TOTAL REVENUE $213,507

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,492

Fundraising Expenses $13,610

Program Expenses $277,426

Other Expenses $306,737

TOTAL EXPENSES $387,229

Year-over-Year Comparison

	2023	2022	Change
Revenue	$213,507	$175,907	+0.2%
Expenses	$387,229	$362,502	+0.1%
Net Income	$-173,722	$-186,595	-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

$72,538

Total Directors

$72,538

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER LANGTON	CHAIR	2.00	Officer Director	$0	$0	$0
MICHELLE BAKER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TIMOTHY DRAPER	TREASURER	2.00	Officer Director	$0	$0	$0
LINDA ZELENSKI	SECRETARY	2.00	Officer Director	$0	$0	$0
GEORGE H GIFFORD III	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNE CONWAY	BOARD MEMBER	1.00	Director	$0	$0	$0
CATHY CLASPER-TORCH	BOARD MEMBER	1.00	Director	$0	$0	$0
E CRAIG DWYER	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLEY LENNON SCHIMMEL	BOARD MEMBER	1.00	Director	$0	$0	$0
GRAHAM MELLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES E QUINN	BOARD MEMBER	1.00	Director	$0	$0	$0
AARON USHER	BOARD MEMBER	1.00	Director	$0	$0	$0
RUSSELL GUSETTI	EXECUTIVE DIRECTOR	40.00	Officer Director	$70,000	$2,538	$72,538

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	No data	No data	No data	No data
2023	$213,507	$387,229	$865,099	$-173,722
2022	$175,907	$362,502	$973,720	$-186,595
2021	$958,097	$265,075	$1,072,016	$693,022
2020	$209,452	$152,341	$352,140	$57,111
2019	$298,242	$225,137	$295,109	$73,105
2018	$204,320	$222,974	$223,815	$-18,654

BLACKSTONE RIVER THEATRE