FRIENDS OF CALHOUNS GEM THEATRE INC (EIN 050530154) - 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

2002

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF CALHOUNS GEM THEATRE INC, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $461K in total revenue in fiscal year 2023. The organization ran a surplus of $83K, a strong 18% operating margin.

Mission

TO RESTORE THE HISTORIC GEM THEATRE IN DOWNTOWN CALHOUN, GA. THE STRUCTURE HAS SIGNIFICANT VALUE TO THE HISTORY OF THE COMMUNITY.

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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 $105,549

Program Service Revenue $346,002

Investment Income $87

Other Revenue $9,150

TOTAL REVENUE $460,788

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,480

Fundraising Expenses $8,553

Program Expenses $144,020

Other Expenses $366,016

TOTAL EXPENSES $377,496

Year-over-Year Comparison

	2023	2022	Change
Revenue	$460,788	N/A	N/A
Expenses	$377,496	N/A	N/A
Net Income	$83,292	N/A	N/A

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

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	Role	Reportable Comp	Other Comp	Total
FAYE BENTLEY	SECRETARY	Officer	$0	$0	$0
WILLIAM ASBURY	TREASURER	Officer	$0	$0	$0
KIM WATTERS	PRESIDENT	Officer	$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	No data	No data	No data	No data
2023	$460,788	$377,496	$3,056,982	$83,292
2022	$277,760	$227,827	$3,066,646	$49,933
2021	$287,327	$169,700	$2,948,891	$117,627
2020	$77,685	$176,585	$2,906,821	$-98,900
2019	$271,172	$385,480	$3,001,588	$-114,308
2018	$192,870	$302,220	$3,106,652	$-109,350

FRIENDS OF CALHOUNS GEM THEATRE INC