THE CHANCE THEATER (EIN 113679644) - 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

Principal Officer

OANH NGUYEN

Phone

8884554212

Tax Period

2024-01-01 to 2024-12-31

THE CHANCE THEATER, founded in 2002, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Net assets of $2.8M represent 26 months of operating reserves.

Mission

THE CHANCE IS DEDICATED TO THE CREATION OF EXCITING THEATRICAL EXPERIENCES, TAKING ARTISTIC RISKS, AND COLLABORATING WITH GIFTED ARTISTS ON PASSIONATE AND PROVOCATIVE PLAYS AND MUSICALS. THE MISSION OF THE CHANCE IS TO CONTRIBUTE TO A MORE COMPASSIONATE, CONNECTED, AND CREATIVE 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 $632,820

Program Service Revenue $481,881

Investment Income $126,596

Other Revenue $44,013

TOTAL REVENUE $1,285,310

Expense Breakdown

Grants Paid $0

Salaries & Benefits $604,159

Fundraising Expenses $114,131

Program Expenses $1,092,840

Other Expenses $723,010

TOTAL EXPENSES $1,327,169

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,285,310	$1,907,606	-0.3%
Expenses	$1,327,169	$1,356,917	0.0%
Net Income	$-41,859	$550,689	-1.1%

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

108

Volunteers

100

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

$87,064

Total Directors

$87,064

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OANH NGUYEN	EXECUTIVE ARTISTIC DIRECTOR	40.00	Officer Director	$87,064	$0	$87,064
BRUCE GOODRICH	CHAIR	6.00	Officer Director	$0	$0	$0
SUSAN BOWMAN	VICE-CHAIR	6.00	Officer Director	$0	$0	$0
ANDY LAMB	TREASURER	6.00	Officer Director	$0	$0	$0
LARRY CRIPE	SECRETARY	6.00	Officer Director	$0	$0	$0
RACHELLE MENAKER	IMMEDIATE PAST CHAIR	6.00	Officer Director	$0	$0	$0
BETTE AITKEN	BOARD MEMBER	4.00	Director	$0	$0	$0
MARTIN BENSON	BOARD MEMBER	4.00	Director	$0	$0	$0
FREDDIE GREENFIELD	BOARD MEMBER	4.00	Director	$0	$0	$0
ELIZABETH JONES	BOARD MEMBER	4.00	Director	$0	$0	$0
STEVEN KOCH	BOARD MEMBER	4.00	Director	$0	$0	$0
MOLLY MAHONEY	BOARD MEMBER	4.00	Director	$0	$0	$0
TERRY SCHOMBURG	BOARD MEMBER	4.00	Director	$0	$0	$0
LAURIE SMIT STAUDE	BOARD MEMBER	4.00	Director	$0	$0	$0
CASEY LONG	FORMER MANAGING DIRECTOR	40.00		$14,802	$0	$14,802

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	$1,285,310	$1,327,169	$3,588,945	$-41,859
2023	$1,907,606	$1,356,917	$3,039,445	$550,689
2022	$1,324,533	$1,215,227	$2,330,751	$109,306
2021	$1,670,321	$837,803	$2,495,839	$832,518
2020	$729,684	$687,190	$1,536,509	$42,494
2019	$1,128,934	$1,019,428	$1,214,921	$109,506
2018	$977,341	$972,674	$1,041,054	$4,667

THE CHANCE THEATER