CHARLES R WOOD THEATER INC (EIN 141781857) - 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

2001

Legal Domicile

Principal Officer

DOUGLAS THORN

Phone

5187989663

Tax Period

2025-01-01 to 2025-12-31

CHARLES R WOOD THEATER INC, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $430K in total revenue in fiscal year 2025. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $518K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROMOTE CULTURAL AND ARTISTIC ENDEAVOR, THEREBY FOSTERING THE ECONOMIC DEVELOPMENT OF AND IMPROVING THE QUALITY OF LIFE IN THE CITY OF GLENS FALLS NY AND VICINITY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $119,773

Program Service Revenue $297,810

Investment Income $4,101

Other Revenue $8,640

TOTAL REVENUE $430,324

Expense Breakdown

Grants Paid $0

Salaries & Benefits $208,620

Fundraising Expenses $37,612

Program Expenses $416,957

Other Expenses $309,337

TOTAL EXPENSES $517,957

Year-over-Year Comparison

	2025	2024	Change
Revenue	$430,324	$619,948	-0.3%
Expenses	$517,957	$497,699	+0.0%
Net Income	$-87,633	$122,249	-1.7%

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

123

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS THORN	PRESIDENT	2.00	Officer Director	$0	$0	$0
ALINA KINDRON	TREASURER	2.00	Officer Director	$0	$0	$0
RICKELE LOMAX	SECRETARY	2.00	Officer Director	$0	$0	$0
LAUREN COGNATO	DIRECTOR	1.00	Director	$0	$0	$0
CARA GREENSLADE	DIRECTOR	1.00	Director	$0	$0	$0
KAREN MCSHANE	DIRECTOR	1.00	Director	$0	$0	$0
RUSSELL POOLE	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS REED JR	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA RICHARDS	DIRECTOR	1.00	Director	$0	$0	$0
GRETCHEN ROESCH	DIRECTOR	1.00	Director	$0	$0	$0
WENDY WALDRON	DIRECTOR	1.00	Director	$0	$0	$0
LYNN ZACHAR	DIRECTOR	1.00	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	$430,324	$517,957	$2,328,233	$-87,633
2024	$619,948	$497,699	$2,356,856	$122,249
2023	$476,376	$544,273	$2,304,418	$-67,897
2022	$407,050	$485,347	$2,295,553	$-78,297
2021	$590,259	$419,066	$2,407,802	$171,193
2020	$182,026	$369,673	$2,276,566	$-187,647
2019	$421,772	$485,200	$2,417,153	$-63,428
2018	$362,695	$436,898	$2,482,488	$-74,203

CHARLES R WOOD THEATER INC