ARMORY THEATER FUND (EIN 201006407) - 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

J GREG NESS

Phone

5034453720

Tax Period

2022-07-01 to 2023-06-30

ARMORY THEATER FUND, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $356K in total revenue in fiscal year 2022. The organization ran a surplus of $305K, a strong 86% operating margin.

Mission

TO RECEIVE GIFTS TO THE ARMORY THEATER FUND FOR THE DEVELOPMENT, AND MAINTENANCE OF THE BOB AND DIANA GERDING THEATER IN THE PORTLAND ARMORY, HOME OF PORTLAND CENTER STAGE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $355,915

Investment Income $0

Other Revenue $0

TOTAL REVENUE $355,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $51,236

Other Expenses $51,236

TOTAL EXPENSES $51,236

Year-over-Year Comparison

	2022	2021	Change
Revenue	$355,915	$355,931	0.0%
Expenses	$51,236	$101,505	-0.5%
Net Income	$304,679	$254,426	+0.2%

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

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

$277,742

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J GREG NESS	BOARD CHAIR	0.50	Officer Director	$0	$0	$0
TOM IMESON	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT VAN BROCKLIN	DIRECTOR	0.50	Director	$0	$0	$0
KELLY SAITO	DIRECTOR	0.50	Director	$0	$0	$0
MIKE GOLUB	DIRECTOR	0.50	Director	$0	$0	$0
TED AUSTIN	DIRECTOR	0.50	Director	$0	$0	$0
ELIZABETH COMER	PCS DIRECTOR OF FINANCE	0.50	Officer	$0	$8,871	$98,871
LIAM KAAS-LENTZ	PCS MANAGING DIRECTOR	0.50	Officer	$0	$8,871	$178,871

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
2023	$355,915	$51,236	$21,680,649	$304,679
2022	$355,931	$101,505	$21,695,432	$254,426
2021	$356,960	$113,796	$21,712,074	$243,164
2020	$1,260,375	$236,212	$21,774,286	$1,024,163
2019	$356,168	$169,935	$21,615,163	$186,233
2018	$356,330	$174,368	$21,636,085	$181,962

ARMORY THEATER FUND