Potomac Theatre Project Inc

EIN: 132960856 501(c)(3)

Middlebury, VT

Total Revenue
$239,861
Total Expenses
$235,920
Total Assets
$59,780
Net Assets
$35,919
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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
1977
Legal Domicile
DE
Principal Officer
Cheryl Faraone
Phone
8023883318
Tax Period
2019-01-01 to 2019-12-31

Potomac Theatre Project Inc, founded in 1977, is a small nonprofit that reported $240K in total revenue in fiscal year 2019. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

Promote theatrical arts with readings and productions.

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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 (2019)

Revenue Breakdown

Contributions & Grants $214,115
Program Service Revenue $25,720
Investment Income $26
Other Revenue $0
TOTAL REVENUE $239,861

Expense Breakdown

Grants Paid $0
Salaries & Benefits $75,190
Fundraising Expenses $0
Program Expenses $234,531
Other Expenses $160,730
TOTAL EXPENSES $235,920

Year-over-Year Comparison

2019 2018 Change
Revenue $239,861 $216,535 +0.1%
Expenses $235,920 $224,323 +0.1%
Net Income $3,941 $-7,788 -1.5%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
15
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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Richard Romagnoli Dir/President 10.00
Officer
$0 $0 $0
Cheryl Faraone Sec/Treas 15.00
Officer
$0 $0 $0
James A Petosa Vice President 3.00
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
2019 $239,861 $235,920 $59,780 $3,941
2018 $216,535 $224,323 $55,839 $-7,788
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