CORTLAND REPERTORY THEATRE INC (EIN 161004610) - 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

1972

Legal Domicile

Phone

6077536161

Tax Period

2023-01-01 to 2023-12-31

CORTLAND REPERTORY THEATRE INC, founded in 1972, is a small nonprofit that reported $930K in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 18% operating deficit.

Mission

PROVIDE LIVE THEATRE FOR THE CULTURAL ENRICHMENT OF CENTRAL NEW YORK.

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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 $382,776

Program Service Revenue $475,842

Investment Income $33

Other Revenue $71,391

TOTAL REVENUE $930,042

Expense Breakdown

Grants Paid $0

Salaries & Benefits $556,567

Fundraising Expenses $0

Program Expenses $864,901

Other Expenses $538,234

TOTAL EXPENSES $1,094,801

Year-over-Year Comparison

	2023	2022	Change
Revenue	$930,042	$772,209	+0.2%
Expenses	$1,094,801	$1,052,226	+0.0%
Net Income	$-164,759	$-280,017	-0.4%

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

150

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

$76,684

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KERBY THOMPSON	PROD ARTISTIC D	40.00	Officer	$76,684	$0	$76,684
KIMBERLY ALLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINE GREGORY	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK FITZGERALD	BOARD MEMBER	1.00	Director	$0	$0	$0
INGRID FOX	BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLE COTTONE	President	2.00	Officer Director	$0	$0	$0
JOHN FOLMER	BOARD MEMBER	1.00	Director	$0	$0	$0
DOROTHEA FOWLER	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELE BALL	BOARD MEMBER	1.00	Director	$0	$0	$0
HARRIET PRATT HIGGINS	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANNE GALUTZ	GUILD CO-PRES	2.00	Officer Director	$0	$0	$0
JOSH APKER	Treasurer	2.00	Officer Director	$0	$0	$0
THOMAS KNOBEL	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN FINCH	BOARD MEMBER	1.00	Director	$0	$0	$0
GARRISON MARSTED	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY BERTINI	GUILD CO-PRES	2.00	Officer Director	$0	$0	$0
LIZ COLE	BOARD MEMBER	1.00	Director	$0	$0	$0
GLORIA CRANE	BOARD MEMBER	1.00	Director	$0	$0	$0
AMANDA HOPKO	YOUTH MEMBER	1.00	Director	$0	$0	$0
TRICIA LYMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DANN GAILOR	Secretary	2.00	Officer Director	$0	$0	$0
RICARDO NELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK LEACH	BOARD MEMBER	1.00	Director	$0	$0	$0
OWEN THOMAS	YOUTH MEMBER	1.00	Director	$0	$0	$0
BRYAN THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK REYNOLDS	Vice President	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	$930,042	$1,094,801	$1,609,418	$-164,759
2022	$772,209	$1,052,226	$1,739,209	$-280,017
2021	$994,759	$706,601	$2,126,908	$288,158
2020	$532,321	$427,717	$1,695,038	$104,604
2019	$1,175,918	$1,143,607	$1,693,728	$32,311
2018	$993,041	$1,068,276	$1,748,031	$-75,235

CORTLAND REPERTORY THEATRE INC