Southern Colorado Theatre Company (EIN 200042504) - 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

David Garrett

Phone

7199948298

Tax Period

2023-01-01 to 2023-12-31

Southern Colorado Theatre Company, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $841K in total revenue in fiscal year 2023. Expenses of $1.1M exceeded revenue, resulting in a 28% operating deficit.

Mission

At Steel City Theatre Company we transform lives one act at a time. Through unique, fun, challenging, entretaining, and professional theatrical productions and training, we recognize how the focus and discipline of performing arts sets people on the path to succes.

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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 $556,838

Program Service Revenue $284,557

Investment Income $0

Other Revenue $0

TOTAL REVENUE $841,395

Expense Breakdown

Grants Paid $0

Salaries & Benefits $281,061

Fundraising Expenses $0

Program Expenses $891,607

Other Expenses $795,060

TOTAL EXPENSES $1,076,121

Year-over-Year Comparison

	2023	2022	Change
Revenue	$841,395	$853,801	0.0%
Expenses	$1,076,121	$542,790	+1.0%
Net Income	$-234,726	$311,011	-1.8%

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

N/A

Employees

Volunteers

200

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
David Garrett	President	10.00	Director	$0	$0	$0
Andrea Garrett	Executive Dir.	50.00	Officer	$0	$0	$0
Jason Laughrey	Director	50.00	Officer	$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	$841,395	$1,076,121	$209,075	$-234,726
2022	$853,801	$542,790	$444,021	$311,011
2021	$489,650	$432,619	$166,552	$57,031
2020	$263,261	$275,370	$130,050	$-12,109
2019	$424,837	$405,157	$92,295	$19,680

Southern Colorado Theatre Company