HATTILOO THEATRE

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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

EKUNDAYO BANDELE

Phone

9015023486

Tax Period

2024-07-01 to 2025-06-30

HATTILOO THEATRE, founded in 2006, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2024. Expenses of $2.0M exceeded revenue, resulting in a 13% operating deficit.

Mission

HATTILOO THEATRE IS DEDICATED TO CULTIVATION AND APPRECIATION OF THE BLACK DRAMA ARTS AND IS ESTABLISHED TO DEVELOP A BLACK THEATRE THAT IS ACCESSBLE, REFLECTIVE AND RELEVANT OF THE MULTICULTURAL COMMUNITY FOR MEMPHIS.

Program Service Accomplishments

Program 1

Expenses: $1,500,019 Revenue: $333,978

HATTILOO THEATRE WAS FOUNDED IN 2006, IN MEMPHIS TN IN A STOREFRONT. HATTILOO THEATRE PRODUCES ANNUAL SEASONS OF SEVEN PLAYS/MUSICALS THAT PROVIDE AUDIENCES A CONTEXTUAL UNDERSTANDING OF BLACK LIFE. ROOTED IN BLACK STORYTELLING, HATTILOO'S ACTIVITIES ARE A DIAMETRICAL RESPONSE TO AMERICAN THEATRE THAT HAS LARGELY AND HISTORICALLY BEEN CONCEIVED AS A WHITE AMERICAN ART FORM DESIGNED TO TELL THE STORIES OF WHITE AMERICANS. HATTILOO'S PROGRAMS SHIFT INACCURACIES AROUND BLACK IDENTITY, WHILE SHOWCASING THE BEST THAT BLACK THEATRE HAS TO OFFER.HATTILOO IS ONE OF SEVEN FREE-STANDING BLACK THEATRES IN THE NATION, AND THE ONLY ONE IN THE MID SOUTH. AS SUCH, IT SERVES AS THE PREEMINENT SUPPORTIVE SPACE FOR SOUTHERN BLACK ARTISTS TO HONE THEIR TALENTS AS THEY ARTICULATE THE STRUGGLE, TRIUMPH, AND BEAUTY OF BLACK LIFE THROUGH THEIR CRAFT. HATTILOO USES THE POWER OF UNAPOLOGETIC BLACK STORYTELLING TO EMPOWER RESIDENTS WHO LIVE IN "CULTURAL DESERTS", WHOSE VOICES DEEPEN THE REGION'S CULTURAL NARRATIVE. HATTILOO ALSO SERVES AS A BEACON OF CULTURAL PROGRESS IN MEMPHIS, CHALLENGING SOME MISCONCEPTIONS OF WHAT IT MEANS TO BE SOUTHERN AND BLACK.

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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 $1,396,433

Program Service Revenue $333,978

Investment Income $11,779

Other Revenue $0

TOTAL REVENUE $1,742,190

Expense Breakdown

Grants Paid $0

Salaries & Benefits $596,038

Fundraising Expenses $263,947

Program Expenses $1,500,019

Other Expenses $1,381,024

TOTAL EXPENSES $1,977,062

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,742,190	$1,633,149	+0.1%
Expenses	$1,977,062	$1,939,124	+0.0%
Net Income	$-234,872	$-305,975	-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

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

$210,160

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EKUNDAYO BANDELE	EXECUTIVE DIRECTOR	40.00	Officer	$210,160	$0	$210,160
FAITH MORRIS	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
CYNTHIA COLLINS	SECRETARY	1.00	Officer Director	$0	$0	$0
VERNON STAFFORD	TREASURER	1.00	Officer Director	$0	$0	$0
AMY SIMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
TABRINA DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOCELYN HENDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLYN BISHOP	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL CAMPANARO	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
CARDELL ORRIN	BOARD MEMBER	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
2025	$1,742,190	$1,977,062	$5,918,001	$-234,872
2024	$1,633,149	$1,939,124	$6,156,017	$-305,975
2023	$1,707,459	$1,667,825	$6,456,958	$39,634
2022	$2,960,425	$1,432,752	$6,441,567	$1,527,673
2021	$1,007,915	$901,449	$5,029,773	$106,466
2020	$1,463,880	$1,296,187	$4,861,994	$167,693
2019	$1,126,035	$1,491,027	$4,547,343	$-364,992
2018	$1,657,009	$1,738,292	$4,952,232	$-81,283