SARATOGA INTERNATIONAL THEATER INS… - Form 990 Financial Data

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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

BRADLEY CARLIN

Phone

2128680860

Tax Period

2022-01-01 to 2022-12-31

SARATOGA INTERNATIONAL THEATER INSTITUTE INC, founded in 1993, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2022. Expenses of $1.4M exceeded revenue, resulting in a 17% operating deficit.

Mission

SITI COMPANY IS AN ENSEMBLE-BASED THEATER COMPANY WHOSE THREE ONGOING COMPONENTS ARE THE CREATION OF NEW WORK, THE TRAINING OF YOUNG THEATER ARTISTS, AND A COMMITMENT TO INTERNATIONAL COLLABORATION.

Program Service Accomplishments

Program 1

Expenses: $1,034,490 Revenue: $627,103

SITI COMPANY TOURED THE MEDIUM ACROSS THE US AND PERFORMED ITS RADIO PLAYS IN NEW YORK CITY, AND UPSTATE NEW YORK. SITI OFFERED TRAINING WORKSHOPS AND MASTER CALSSES IN THE SUMMER AND FALL OF 2022...

SITI COMPANY TOURED THE MEDIUM ACROSS THE US AND PERFORMED ITS RADIO PLAYS IN NEW YORK CITY, AND UPSTATE NEW YORK. SITI OFFERED TRAINING WORKSHOPS AND MASTER CALSSES IN THE SUMMER AND FALL OF 2022, AND WORK CONTINUED ON SITI'S ARCHIVES AND BOOK.

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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 (2022)

Revenue Breakdown

Contributions & Grants $529,188

Program Service Revenue $627,103

Investment Income $162

Other Revenue $522

TOTAL REVENUE $1,156,975

Expense Breakdown

Grants Paid $0

Salaries & Benefits $887,151

Fundraising Expenses $81,956

Program Expenses $1,034,490

Other Expenses $469,985

TOTAL EXPENSES $1,357,136

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,156,975	$1,121,197	+0.0%
Expenses	$1,357,136	$907,769	+0.5%
Net Income	$-200,161	$213,428	-1.9%

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

$73,398

Total Directors

$147,538

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA HANNA	CHAIR	1.00	Officer Director	$0	$0	$0
RUTH NIGHTENGALE	SECRETARY	1.00	Officer Director	$0	$0	$0
ALEXANDRA KENNEDY-SCOTT	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
CHRIS HEALY	TREASURER	1.00	Officer Director	$0	$0	$0
DIANE RAGSDALE	TRUSTEE	1.00	Director	$0	$0	$0
KIM IMA	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER GREENFIELD	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN KUHLKE	TRUSTEE	1.00	Director	$0	$0	$0
ANNE BOGART	CO-ARTISTIC DIR	1.00	Director	$42,500	$0	$42,500
LEON INGULSRUD	CO-ARTISTIC DIR	1.00	Director	$46,403	$0	$46,403
ELLEN LAUREN PITZ	CO-ARTISTIC DIR	1.00	Director	$43,035	$0	$43,035
SAMUEL STRICKLEN	TRUSTEE/COMPANY MEMBER	1.00	Director	$15,600	$0	$15,600
MICHELLE PRESTON	EXECUTIVE DIR.	40.00	Officer	$73,398	$0	$73,398

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
2022	$1,156,975	$1,357,136	$453,844	$-200,161
2021	$1,121,197	$907,769	$869,751	$213,428
2020	$763,465	$880,940	$465,169	$-117,475
2019	$1,108,963	$1,095,310	$653,710	$13,653
2018	$1,139,435	$1,245,747	$685,473	$-106,312

SARATOGA INTERNATIONAL THEATER INSTITUTE INC