FRIENDS OF THE STRAND INC (EIN 200210688) - 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

2003

Legal Domicile

Principal Officer

DANA JOHNSON

Phone

7702930080

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE STRAND INC, founded in 2003, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $2.2M left a modest 4% surplus.

Mission

THE MISSION OF THE EARL AND RACHAEL SMITH STRAND THEATRE IS TO:-PARTNER AND SERVE BY PROVIDING CULTURAL ENTERTAINMENT, PROGRAMS, AND MEETING SPACE THAT IS ACCESSIBLE TO A DIVERSE AUDIENCE, BENEFITS THE COMMUNITY, AND PROMOTES ECONOMIC DEVELOPMENT.-ENTERTAIN AND EDUCATE BY OFFERING A UNIQUE VENUE THAT PROVIDES HIGH QUALITY AND A VARIETY OF PERFORMING ARTS, FILMS, EDUCATION PROGRAMS AND SPECIAL EVENTS.-PRESERVE AND PROMOTE BY REMAINING FINANCIALLY SOUND WITH TICKET SALES, SPACE RENTAL, AND SUPPORT FROM PRIVATE AND BUSINESS DONORS.

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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 $585,259

Program Service Revenue $1,551,609

Investment Income $25,877

Other Revenue $189,381

TOTAL REVENUE $2,352,126

Expense Breakdown

Grants Paid $0

Salaries & Benefits $712,620

Fundraising Expenses $137,204

Program Expenses $1,857,974

Other Expenses $1,536,835

TOTAL EXPENSES $2,249,455

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,352,126	$1,631,505	+0.4%
Expenses	$2,249,455	$1,672,834	+0.3%
Net Income	$102,671	$-41,329	-3.5%

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

100

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
KIM GRESH	CHAIR	10.00	Officer Director	$0	$0	$0
RON CARTER	MEMBER	2.00	Director	$0	$0	$0
RALPH KNIGHT	MEMBER	3.00	Officer Director	$0	$0	$0
ALYSSA BLANCHARD	MEMBER	2.00	Director	$0	$0	$0
DEBBIE ABERNATHY	MEMBER	5.00	Director	$0	$0	$0
CASSANDRA BUCKALEW	MEMBER	3.50	Director	$0	$0	$0
WENDY BUNCH	MEMBER	2.00	Director	$0	$0	$0
JAY CUNNINGHAM	MEMBER	2.00	Director	$0	$0	$0
KAREN HALLACY	MEMBER	2.00	Director	$0	$0	$0
CAROL ANN KING MASSIH	MEMBER	2.00	Director	$0	$0	$0
BECKY PADEN	MEMBER	2.00	Director	$0	$0	$0
ARNOLD HUFFMAN	MEMBER	2.00	Director	$0	$0	$0
STAN WISE	MEMBER	2.00	Director	$0	$0	$0
MAZI MAZLOOM	MEMBER	2.00	Director	$0	$0	$0
ELIZABETH MANNING	MEMBER	2.00	Director	$0	$0	$0
STEWART CAMPBELL	MEMBER	2.00	Director	$0	$0	$0
STEPHEN IMLER	SECRETARY	2.00	Officer Director	$0	$0	$0
TRACY RATHBONE STYF	MEMBER	2.00	Director	$0	$0	$0
KAREN LOCKHART	MEMBER	2.00	Director	$0	$0	$0
HOLLY COMER TUCHMAN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TERRI BUNTEN GUTHRIE	MEMBER	2.00	Director	$0	$0	$0
DANA JOHNSON	TREASURER	2.00	Officer Director	$0	$0	$0
THE HONORABLE SAM OLENS	MEMBER	2.00	Director	$0	$0	$0
DAVID PERSSON	MEMBER	2.00	Director	$0	$0	$0
MICHELE SWANN	MEMBER	3.50	Director	$0	$0	$0
EARL SMITH	MEMBER	2.00	Director	$0	$0	$0
BILL DUNAWAY	MEMBER	2.00	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
2024	No data	No data	No data	No data
2023	$2,352,126	$2,249,455	$6,421,572	$102,671
2022	$1,631,505	$1,672,834	$6,039,470	$-41,329
2021	$1,911,052	$1,190,427	$4,885,519	$720,625
2020	$927,476	$957,754	$4,151,362	$-30,278
2019	$1,385,946	$1,445,453	$4,007,225	$-59,507
2018	$1,840,740	$1,362,569	$4,441,226	$478,171

FRIENDS OF THE STRAND INC