THEATERWORKS INC (EIN 061172413) - 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

1984

Legal Domicile

Principal Officer

LAWRENCE SAMPLATSKY

Phone

8609867460

Tax Period

2024-09-01 to 2025-08-31

THEATERWORKS INC, founded in 1984, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.0M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $3.4M exceeded revenue, resulting in a 14% operating deficit.

Mission

THEATERWORKS' MISSION IS TO SHARE INTIMATE STORIES THAT ENGAGE ALL AUDIENCES. IT CREATES EXCEPTIONAL CONTEMPORARY THEATER THAT ENTERTAINS, CELEBRATES NEW VOICES, AND INVITES MEANINGFUL CONVERSATIONS. ITS VISION IS TO INSPIRE A MORE MEANINGFUL CONNECTION TO EACH OTHER AND TO OUR 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 (2024)

Revenue Breakdown

Contributions & Grants $1,441,965

Program Service Revenue $1,422,269

Investment Income $20,482

Other Revenue $125,323

TOTAL REVENUE $3,010,039

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,984,574

Fundraising Expenses $271,688

Program Expenses $2,660,610

Other Expenses $1,459,012

TOTAL EXPENSES $3,443,586

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,010,039	$2,682,254	+0.1%
Expenses	$3,443,586	$3,231,764	+0.1%
Net Income	$-433,547	$-549,510	-0.2%

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

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

$244,356

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROB RUGGIERO	ARTISTIC DIRECTOR	40.00	Officer	$120,000	$12,954	$132,954
GRIFFIN JEFF PAYNE	MANAGING DIRECTOR	40.00	Officer	$105,000	$6,402	$111,402
DINA PLAPLER	CO-PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL G ALBANO	CO-PRESIDENT	1.00	Officer Director	$0	$0	$0
LAWRENCE SAMPLATSKY	TREASURER	1.00	Officer Director	$0	$0	$0
STEPHANIE A JOHNSON	VICE PRES./SECRETARY	1.00	Officer Director	$0	$0	$0
JENNIFER DIBELLA	ASST SECRETARY	1.00	Officer Director	$0	$0	$0
JUSTIS BOLDING	DIRECTOR	1.00	Director	$0	$0	$0
FERNANDO FERRO	DIRECTOR	1.00	Director	$0	$0	$0
GRACE FIGUEREDO	DIRECTOR	1.00	Director	$0	$0	$0
MARC T FINER	DIRECTOR	1.00	Director	$0	$0	$0
KIM HARRISON	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER R HAYES	DIRECTOR	1.00	Director	$0	$0	$0
GORDON HUI	DIRECTOR (UNTIL 11/24)	1.00	Director	$0	$0	$0
LARISA KOTTKE	DIRECTOR	1.00	Director	$0	$0	$0
LEE G KUCKRO	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE LAMBERT	DIRECTOR	1.00	Director	$0	$0	$0
FRANCOISE A MILLER	DIRECTOR	1.00	Director	$0	$0	$0
FELIX OKWANING	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT PULITO	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA TORRENCE	DIRECTOR (UNTIL 03/25)	1.00	Director	$0	$0	$0
CHRISTOPHER WHITE	DIRECTOR (UNTIL 11/24)	1.00	Director	$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	$3,010,039	$3,443,586	$5,618,148	$-433,547
2024	$2,682,254	$3,231,764	$5,745,106	$-549,510
2023	$2,435,889	$3,327,439	$6,241,050	$-891,550
2022	$2,300,522	$2,882,916	$6,924,717	$-582,394
2021	$2,855,194	$2,655,109	$7,845,916	$200,085
2020	$2,889,781	$2,495,824	$8,561,051	$393,957
2019	$6,287,736	$2,646,736	$8,862,312	$3,641,000

THEATERWORKS INC