CIRCLE IN THE SQUARE THEATRE SCHOOL INC (EIN 133716314) - 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

1993

Legal Domicile

Principal Officer

SUSAN FRANKEL

Phone

2123070388

Tax Period

2024-07-01 to 2025-06-30

CIRCLE IN THE SQUARE THEATRE SCHOOL INC, founded in 1993, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $1.9M left a modest 8% surplus.

Mission

TO OPERATE THEATRE SCHOOL TO PROVIDE STUDENTS WITH THEATRE SKILLS.

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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 $863,619

Program Service Revenue $1,145,736

Investment Income $64,893

Other Revenue $33,538

TOTAL REVENUE $2,107,786

Expense Breakdown

Grants Paid $329,634

Salaries & Benefits $802,679

Fundraising Expenses $79,171

Program Expenses $1,441,757

Other Expenses $812,878

TOTAL EXPENSES $1,945,191

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,107,786	$1,723,516	+0.2%
Expenses	$1,945,191	$1,583,705	+0.2%
Net Income	$162,595	$139,811	+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

$102,850

Total Directors

$102,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHEILA GARVEY	PRESIDENT (FROM 06/25)	10.00	Officer Director	$0	$0	$0
PAUL LIBIN	PRESIDENT (UNTIL 06/25)	10.00	Officer Director	$0	$0	$0
JEANNE SLATER	VICE PRESIDENT	40.00	Officer Director	$102,850	$0	$102,850
SUSAN FRANKEL	SECRETARY/TREASURER	10.00	Officer Director	$0	$0	$0
DAVID FRANKEL	DIRECTOR	2.00	Director	$0	$0	$0
JONATHAN JUDGE-RUSSO	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW LILLARD	DIRECTOR	2.00	Director	$0	$0	$0
AARON COLEMAN	DIRECTOR	2.00	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	$2,107,786	$1,945,191	$3,834,833	$162,595
2024	No data	No data	No data	No data
2023	$1,991,699	$1,806,371	$3,811,705	$185,328
2022	$1,052,836	$1,499,185	$3,017,594	$-446,349
2021	$1,698,719	$1,062,701	$3,679,150	$636,018
2020	$1,388,026	$1,396,418	$2,823,649	$-8,392
2019	$1,831,636	$1,856,165	$2,772,311	$-24,529

CIRCLE IN THE SQUARE THEATRE SCHOOL INC