GOOD THEATER INC (EIN 141846766) - 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

STEPHEN UNDERWOOD

Phone

2078350895

Tax Period

2023-01-01 to 2023-12-31

GOOD THEATER INC, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $396K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $503K exceeded revenue, resulting in a 27% operating deficit.

Mission

THE ORGANIZATIONS PRIMARY PURPOSE IS TO EDUCATE THE GENERAL PUBLIC BY PRESENTING THEATRICAL PRODUCTIONS INTENDED TO FOSTER APPRECIATION OF THE THEATER AND PERFORMING ARTS IN THE 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 (2023)

Revenue Breakdown

Contributions & Grants $171,653

Program Service Revenue $208,812

Investment Income $50

Other Revenue $15,050

TOTAL REVENUE $395,565

Expense Breakdown

Grants Paid $0

Salaries & Benefits $335,107

Fundraising Expenses $81,809

Program Expenses $310,490

Other Expenses $167,953

TOTAL EXPENSES $503,060

Year-over-Year Comparison

	2023	2022	Change
Revenue	$395,565	$453,425	-0.1%
Expenses	$503,060	$549,852	-0.1%
Net Income	$-107,495	$-96,427	+0.1%

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

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

$60,000

Total Directors

$60,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN UNDERWOOD	PRESIDENT	32.00	Officer Director	$60,000	$0	$60,000
JENNIFER CEIDE	DIRECTOR	2.00	Director	$0	$0	$0
JUSTIN COTE	DIRECTOR	2.00	Director	$0	$0	$0
JONATHAN EDWARDS	DIRECTOR	2.00	Director	$0	$0	$0
JEANNE HANDY	DIRECTOR	2.00	Director	$0	$0	$0
EDWARD GATTA JR	DIRECTOR	2.00	Director	$0	$0	$0
JEANNINE LEFEVRE	SECRETARY	2.00	Officer Director	$0	$0	$0
ANN ROCHE	DIRECTOR	2.00	Director	$0	$0	$0
DON SIPE	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD TRUB	TREASURER	2.00	Officer 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
2024	No data	No data	No data	No data
2023	$395,565	$503,060	$89,516	$-107,495
2022	$453,425	$549,852	$138,154	$-96,427
2021	$344,339	$333,865	$186,211	$10,474
2020	$292,572	$243,085	$176,141	$49,487
2019	$553,084	$536,997	$130,773	$16,087

GOOD THEATER INC