CITADEL THEATRE COMPANY

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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

2003

Legal Domicile

Principal Officer

ELLEN PHELPS

Phone

8476444402

Tax Period

2023-09-01 to 2024-08-31

CITADEL THEATRE COMPANY, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $784K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

CITADEL THEATER COMPANY'S MISSION IS TO EDUCATE, ENTERTAIN, QUESTION AND INSPIRE ARTISTS AND AUDIANCES OF CHICAGO'S NORTH SHORE AREA BY PRODUCING POWERFUL PLAYS ON OUR MAIN STAGE, OFFERING STIMULATING EDUCATION PROGRAMS THAT FOSTER AN APPRECIATION FOR THE ARTS, AND PARTNERING WITH OTHER ORGANZIATIONS DEDICATED TO POSITIVE ENRICHMENT OF THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $359,631

PRODUCED FOUR MAIN STAGE PRODUCTION INVOLVING OVR 50 LOCAL ACTORS AND OTHER THEATRE ARTISTS. TOTAL COMBINED AUDIENCE WAS OVER 5,000 INDIVIDUALS.

Program 2

Expenses: $110,165

TWO SEMESTERS OF THEATRE CLASSES AND SUMMER CAMP SERVING OVER 1,000 STUDENTS.

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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 $150,720

Program Service Revenue $405,286

Investment Income $6

Other Revenue $227,793

TOTAL REVENUE $783,805

Expense Breakdown

Grants Paid $0

Salaries & Benefits $276,753

Fundraising Expenses $176,391

Program Expenses $469,796

Other Expenses $500,019

TOTAL EXPENSES $776,772

Year-over-Year Comparison

	2023	2022	Change
Revenue	$783,805	$690,948	+0.1%
Expenses	$776,772	$778,822	0.0%
Net Income	$7,033	$-87,874	-1.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT PHELPS	ARTISTIC DIRECTOR	20.00	Officer Director	$0	$0	$0
ELLEN PHELPS	MANAGING DIRECTOR	20.00	Officer Director	$0	$0	$0
DEBBIE SCOTT	TREASURER	8.00	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
2025	No data	No data	No data	No data
2024	$783,805	$776,772	$159,206	$7,033
2023	$690,948	$778,822	$153,602	$-87,874
2023	$690,948	$772,262	$115,732	$-81,314
2022	$771,299	$772,736	$169,052	$-1,437
2021	$267,123	$164,471	$190,055	$102,652
2020	$345,255	$492,076	$46,284	$-146,821
2019	$631,271	$520,405	$224,166	$110,866
2018	$405,361	$464,901	$103,084	$-59,540