SUMMER THEATRE OF NEW CANAAN INC (EIN 200936471) - 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

2004

Legal Domicile

Principal Officer

MELODY LIBONATI

Phone

6317242240

Tax Period

2023-01-01 to 2023-12-31

SUMMER THEATRE OF NEW CANAAN INC, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $685K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

THE CORPORATION WILL PRODUCE PLAYS AND OTHER THEATRICAL PERFORMANCES IN THE NEW CANAAN COMMUNITY PERFORMED BY LOCAL AND NEIGHBORING RESIDENTS AS WELL AS PROFESSIONAL ACTORS.

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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 $328,640

Program Service Revenue $330,684

Investment Income $0

Other Revenue $25,489

TOTAL REVENUE $684,813

Expense Breakdown

Grants Paid $0

Salaries & Benefits $416,233

Fundraising Expenses $5,379

Program Expenses $658,432

Other Expenses $336,698

TOTAL EXPENSES $752,931

Year-over-Year Comparison

	2023	2022	Change
Revenue	$684,813	$736,962	-0.1%
Expenses	$752,931	$772,343	0.0%
Net Income	$-68,118	$-35,381	+0.9%

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

N/A

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

$54,035

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELODY LIBONATI	PRESIDENT	15.00	Director	$27,035	$0	$27,035
EDWARD LIBONATI	EXECUTIVE DIRECTOR	40.00	Director	$27,000	$0	$27,000
ROBERT MILLER	TREASURER	1.00	Director	$0	$0	$0
CATHY MISHKIN	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES PAVARINI III	TRUSTEE	1.00	Director	$0	$0	$0
JEFF SERKES	TRUSTEE	1.00	Director	$0	$0	$0
WARNER DEPUY	TRUSTEE	1.00	Director	$0	$0	$0
OLENA SHARAVARNY	TRUSTEE	1.00	Director	$0	$0	$0
KIMBERLY JODKA	TRUSTEE	1.00	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	$684,813	$752,931	$58,547	$-68,118
2022	$736,962	$772,343	$108,894	$-35,381
2020	$403,535	$279,298	$44,804	$124,237
2019	$720,194	$752,990	$21,551	$-32,796

SUMMER THEATRE OF NEW CANAAN INC