CIRCLE CINEMA FOUNDATION

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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

2002

Legal Domicile

Principal Officer

STEVE HIGGINS

Phone

9185853456

Tax Period

2023-01-01 to 2023-12-31

CIRCLE CINEMA FOUNDATION, founded in 2002, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $1.5M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO USE FILM TO FOSTER UNDERSTANDING AND APPRECIATION OF THE DIVERSITY OF THE HUMAN EXPERIENCE AND CREATE COMMUNITY AMONG THE VIEWERS IN THE RESTORED HISTORIC CIRCLE CINEMA. TO EDUCATE, ENLIGHTEN, ENTERTAIN AND ENHANCE COMMUNITY CONSCIOUSNESS THROUGH FILM. ACTIVITIES INCLUDE THE PRESENTATION OF INDEPENDENT, DOCUMENTARY, FOREIGN AND CLASSIC FILMS; COLLABORATION WITH OTHER COMMUNITY NONPROFIT ORGANIZATIONS ON FILMS THAT TIE TO SOCIAL, HEALTH, ENVIRONMENTAL, CIVIC, HISTORIC AND RELIGIOUS ISSUES; PARTNERSHIPS WITH SCHOOLS AND SCHOOL GROUPS TO PRESENT EDUCATIONAL FILMS TO STUDENTS; SUPPORT OF LOCAL FILMMAKING THROUGH THE SCREENING OF FILMS MADE IN OKLAHOMA, ABOUT OKLAHOMA OR WITH OKLAHOMAN ACTORS OR FILMMAKERS.

Program Service Accomplishments

Program 1

Expenses: $1,145,525 Revenue: $861,094

CIRCLE CINEMA FOUNDATION WORKS TO EDUCATE, ENLIGHTEN, ENTERTAIN AUDIENCES AND ENHANCE COMMUNITY CONSCIOUSNESS THROUGH FILM. ACTIVITIES INCLUDE THE PRESENTATION OF INDEPENDENT, DOCUMENTARY, FOREIGN...

CIRCLE CINEMA FOUNDATION WORKS TO EDUCATE, ENLIGHTEN, ENTERTAIN AUDIENCES AND ENHANCE COMMUNITY CONSCIOUSNESS THROUGH FILM. ACTIVITIES INCLUDE THE PRESENTATION OF INDEPENDENT, DOCUMENTARY, FOREIGN AND CLASSIC FILMS; COLLABORATION WITH OTHER NONPROFIT ORGANIZATIONS TO PRESENT FILMS THAT TIE TO SOCIAL, HEALTH, ENVIRONMENTAL, CIVIC, HISTORICAL AND RELIGIOUS ISSUES; PARTNERSHIPS WITH SCHOOLS TO PRESENT EDUCATIONAL FILMS FOR STUDENTS; AND SUPPORT OF LOCAL FILMMAKING THROUGH THE SCREENING OF FILMS MADE IN OKLAHOMA, FILMS MADE ABOUT OKLAHOMA AND FILMS MADE BY OKLAHOMA FILMMAKERS AND ACTORS. THE ORGANIZATION WORKS TO PRESERVE AND MAINTAIN ITS HISTORIC AND ICONIC BUILDING ORIGIALLY BUILT IN 1928, WHICH IS NOW ON THE NATIONAL REGISTER OF HISTORIC PLACES AND IS AN IMPORTANT PART OF TULSA CINEMATIC HISTORY AS ITS LAST REMAINING HISTORIC MOVIE 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 (2023)

Revenue Breakdown

Contributions & Grants $473,797

Program Service Revenue $795,658

Investment Income $18

Other Revenue $65,436

TOTAL REVENUE $1,334,909

Expense Breakdown

Grants Paid $0

Salaries & Benefits $572,909

Fundraising Expenses $0

Program Expenses $1,145,525

Other Expenses $949,136

TOTAL EXPENSES $1,522,045

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,334,909	$1,082,953	+0.2%
Expenses	$1,522,045	$1,343,029	+0.1%
Net Income	$-187,136	$-260,076	-0.3%

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

$88,498

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE HIGGINS	PRESIDENT	20.00	Officer Director	$0	$0	$0
ALICIA NEVAQUAYA	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BARBARA EIKNER THOMPSON	SECRETARY	2.00	Officer Director	$0	$0	$0
JAY ESHELMAN	TREASURER	2.00	Officer Director	$0	$0	$0
CLARK WIENS	CO-FOUNDER	2.00	Officer Director	$0	$0	$0
JOE ADWON	BOARD MEMBER	2.00	Director	$0	$0	$0
BETH BOVAIRD	BOARD MEMBER	2.00	Director	$0	$0	$0
STACEY DIRKS	BOARD MEMBER	2.00	Director	$0	$0	$0
ERIC ESTES	BOARD MEMBER	2.00	Director	$0	$0	$0
JERRY GOODWIN	BOARD MEMBER	2.00	Director	$0	$0	$0
JARED GOLDFARB	BOARD MEMBER	2.00	Director	$0	$0	$0
TITUS JACKSON	BOARD MEMBER	2.00	Director	$0	$0	$0
CLIFTON RAPHAEL	BOARD MEMBER	2.00	Director	$0	$0	$0
KIRK VANVALKENBURGH	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL WRIGHT	BOARD MEMBER	2.00	Director	$0	$0	$0
DR KAYLA HALE	BOARD MEMBER	2.00	Director	$0	$0	$0
TERRENCE MICHAEL	BOARD MEMBER	2.00	Director	$0	$0	$0
BRENT ORTOLANI	EXECUTIVE DIRECTOR	40.00	Officer	$79,378	$9,120	$88,498

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	$1,334,909	$1,522,045	$2,777,442	$-187,136
2022	$1,082,953	$1,343,029	$2,980,267	$-260,076
2021	$1,377,214	$1,008,028	$3,286,814	$369,186
2020	$477,832	$905,446	$3,013,078	$-427,614
2019	$1,086,419	$1,088,329	$3,427,080	$-1,910
2018	$1,186,236	$1,048,331	$3,487,829	$137,905