STATE THEATRE OF MODESTO INC

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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

2005

Legal Domicile

Principal Officer

PATTY HALVORSON

Phone

2095274697

Tax Period

2024-07-01 to 2025-06-30

STATE THEATRE OF MODESTO INC, founded in 2005, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $1.9M left a modest 8% surplus.

Mission

PRESERVATION AND OPERATION OF THE HISTORIC STATE THEATRE IN DOWNTOWN MODESTO, AND PROVIDING COMMUNITY ENRICHMENT THROUGH ENTERTAINMENT, AS WELL AS CULTURAL, EDUCATIONAL, AND CIVIC EVENTS.

Program Service Accomplishments

Program 1

Expenses: $1,224,308 Revenue: $1,242,225

PRESERVATION AND MAINTENANCE OF THE STATE THEATRE TO ENSURE THAT IT REMAINS A VALUED HISTORIC BUILDING IN DOWNTOWN MODESTO. THE EXPENSES ARE ASSOCIATED WITH COST TO OPERATE AND PROVIDE A VENUE FOR A...

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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 (2024)

Revenue Breakdown

Contributions & Grants $463,144

Program Service Revenue $1,242,225

Investment Income $22,861

Other Revenue $295,760

TOTAL REVENUE $2,023,990

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $772,698

Fundraising Expenses $27,442

Program Expenses $1,224,308

Other Expenses $1,080,829

TOTAL EXPENSES $1,855,527

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,023,990	$1,646,970	+0.2%
Expenses	$1,855,527	$1,791,728	+0.0%
Net Income	$168,463	$-144,758	-2.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATTY HALVORSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES MARTY GRYNBAUM	TREASURER	1.00	Officer Director	$0	$0	$0
JEAN WALKER-LOWELL	SECRETARY	1.00	Officer Director	$0	$0	$0
ALANA SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
AMY ROCKWOOD	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN GINI	DIRECTOR	1.00	Director	$0	$0	$0
DANNY SAVAGE	DIRECTOR	1.00	Director	$0	$0	$0
HARRISON POWER	DIRECTOR	1.00	Director	$0	$0	$0
JENNIE ZEFF	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA GODDEN	DIRECTOR	1.00	Director	$0	$0	$0
JOCELYN FORCADE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
KATIE BARBER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE ZAGARIS	VICE-PRESIDE	1.00	Officer Director	$0	$0	$0
RANDY SIEFKIN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MEANZA	EXECUTIVE DI	N/A	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
2025	$2,023,990	$1,855,527	$4,034,026	$168,463
2024	$1,646,970	$1,791,728	$3,939,768	$-144,758
2023	$1,821,521	$1,306,950	$4,045,496	$514,571
2022	$1,010,614	$1,139,291	$3,395,163	$-128,677
2021	$1,052,900	$645,739	$3,414,370	$407,161
2020	$1,677,793	$1,064,179	$3,116,241	$613,614
2019	$1,152,816	$1,272,259	$2,245,415	$-119,443