Houston Family Arts Center DBA Stageworks Theatre (EIN 203781074) - 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

2006

Legal Domicile

Principal Officer

Lee Ann Kroon

Phone

2815876100

Tax Period

2022-09-01 to 2023-08-31

Houston Family Arts Center DBA Stageworks Theatre, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $745K in total revenue in fiscal year 2022. Expenses of $944K exceeded revenue, resulting in a 27% operating deficit.

Mission

The mission of HFAC is to cultivate a space where people connect, transform, and thrive on stage and in the world.

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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 $135,589

Program Service Revenue $606,543

Investment Income $0

Other Revenue $3,031

TOTAL REVENUE $745,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,134

Fundraising Expenses $30,360

Program Expenses $873,303

Other Expenses $804,999

TOTAL EXPENSES $944,133

Year-over-Year Comparison

	2022	2021	Change
Revenue	$745,163	$728,074	+0.0%
Expenses	$944,133	$784,617	+0.2%
Net Income	$-198,970	$-56,543	+2.5%

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

130

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
Jay Blanchard	President	5.00	Officer Director	$0	$0	$0
John Deering	Vice President	5.00	Officer Director	$0	$0	$0
Amy Welch	Vice President	5.00	Officer Director	$0	$0	$0
Lee Ann Kroon	Treasurer	5.00	Officer Director	$0	$0	$0
Kelsey Heaton	Secretary	5.00	Officer Director	$0	$0	$0
Michael Montgomery	Director	5.00	Director	$0	$0	$0
Amy Gentry	Director	5.00	Director	$0	$0	$0
Danny Zander	Director	5.00	Director	$0	$0	$0
Sherrie Mattson	Director	5.00	Director	$0	$0	$0
Steve Welch	Director	5.00	Director	$0	$0	$0
Diane Lipton	Director	2.00	Director	$0	$0	$0
Larry Lipton	Director	2.00	Director	$0	$0	$0
Christine Edwards	Director	2.00	Director	$0	$0	$0
Julie Montgomery	Director	2.00	Director	$0	$0	$0
Celeste Walker	Director	2.00	Director	$0	$0	$0
Paul Wilkinso	Director	2.00	Director	$0	$0	$0
Shandra Wilkinson	Director	2.00	Director	$0	$0	$0
Stephanie Wisdom	Director	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
2023	$745,163	$944,133	$128,246	$-198,970
2022	$728,074	$784,617	$332,037	$-56,543
2021	$611,928	$395,997	$1,364,884	$215,931
2020	$373,462	$383,033	$1,161,649	$-9,571

Houston Family Arts Center DBA Stageworks Theatre