FAIRFIELD THEATRE COMPANY INC

EIN: 061594125 501(c)(3) Arts, Culture & Humanities

FAIRFIELD, CT

Total Revenue
$3,393,049
Total Expenses
$3,878,920
Total Assets
$3,101,351
Net Assets
$1,369,019
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
CT
Principal Officer
PETER BURNS
Phone
2033191404
Tax Period
2024-07-01 to 2025-06-30

FAIRFIELD THEATRE COMPANY INC, founded in 2000, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.4M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $3.9M exceeded revenue, resulting in a 14% operating deficit.

Mission

FAIRFIELD THEATRE COMPANY (FTC) IS DEDICATED TO CONNECT AND ENRICH THE COMMUNITY THROUGH THE TRANSFORMING POWER OF THE ARTS. FTC BELIEVES THAT THE QUALITY OF LIFE IS RICHLY INFLUENCED BY OPPORTUNITIES TO GET OUT AND COME TOGETHER IN PUBLIC PLACES TO ENJOY ART, MUSIC, THEATRE, FILM AND ART EDUCATION.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $872,617
Program Service Revenue $2,305,425
Investment Income $0
Other Revenue $215,007
TOTAL REVENUE $3,393,049

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,564,911
Fundraising Expenses $438,755
Program Expenses $3,101,920
Other Expenses $2,314,009
TOTAL EXPENSES $3,878,920

Year-over-Year Comparison

2024 2023 Change
Revenue $3,393,049 $2,833,133 +0.2%
Expenses $3,878,920 $3,766,639 +0.0%
Net Income $-485,871 $-933,506 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
21
Independent Members
21
Employees
73
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
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRISH BLOCK BOARD MEMBER 1.00
Director
$0 $0 $0
LESLIE COBER BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS GARCIA BOARD MEMBER 1.00
Director
$0 $0 $0
RAMSEY GOODRICH BOARD MEMBER 1.00
Director
$0 $0 $0
LOU HEUMANN BOARD MEMBER 1.00
Director
$0 $0 $0
CHAD LABONTE BOARD MEMBER 1.00
Director
$0 $0 $0
RYAN MORAN BOARD MEMBER 1.00
Director
$0 $0 $0
EDWARD ORENSTEIN BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
BILL SONDHEIM BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES WACKERMAN BOARD MEMBER 1.00
Director
$0 $0 $0
FRANK POMER CHAIRMAN 5.00
Officer
$0 $0 $0
MICHAEL MITRI VICE CHAIRMAN 5.00
Officer
$0 $0 $0
PETE BURNS TREASURER 5.00
Officer
$0 $0 $0
JOHN R REID FORMER PRODUCING EXECUTIVE DIRECTOR 0.00
$171,304 $0 $171,304
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 $3,393,049 $3,878,920 $3,101,351 $-485,871
2024 $2,833,133 $3,766,639 $3,426,186 $-933,506
2023 $3,187,841 $3,568,361 $4,422,279 $-380,520
2022 $3,981,776 $3,223,527 $4,903,418 $758,249
2021 $2,195,145 $1,664,938 $5,077,807 $530,207
2021 $3,014,664 $1,655,076 $5,237,203 $1,359,588
2020 $2,944,856 $3,042,028 $4,017,352 $-97,172
2019 $3,880,257 $3,591,299 $3,251,923 $288,958
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