CENTER STAGE THEATRE INC (EIN 205697112) - 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

JOHN CORRARO

Phone

2032256079

Tax Period

2024-01-01 to 2024-12-31

CENTER STAGE THEATRE INC, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $646K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

BUILDING COMMUNITY ONE PERFORMANCE AT A TIME THROUGH HIGH QUALITY THEATRICAL PRODUCTIONS AND PERFORMING ARTS EDUCATION.

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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 $180,184

Program Service Revenue $435,732

Investment Income $17,244

Other Revenue $13,270

TOTAL REVENUE $646,430

Expense Breakdown

Grants Paid $0

Salaries & Benefits $196,710

Fundraising Expenses $14,316

Program Expenses $467,777

Other Expenses $440,291

TOTAL EXPENSES $637,001

Year-over-Year Comparison

	2024	2023	Change
Revenue	$646,430	$542,113	+0.2%
Expenses	$637,001	$666,017	0.0%
Net Income	$9,429	$-123,904	-1.1%

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

225

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

$72,830

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH PAGLIARO	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH MINGOLELLO	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN CORRARO	BOARD CHAIR	2.50	Officer Director	$0	$0	$0
MICHELE PICCOLO	BOARD MEMBER	1.00	Director	$0	$0	$0
SEAN SULLIVAN	BOARD MEMBER	1.00	Director	$0	$0	$0
GEOFF KANNER	TREASURER	2.50	Officer Director	$0	$0	$0
KIM BURKHART	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN LACOURSIERE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY SUE FEIGE	BOARD SECRETARY	2.50	Officer Director	$0	$0	$0
DIANE BYRON	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
CARLA SULLIVAN	MANAGING DIRECTOR	40.00	Officer	$72,830	$0	$72,830

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	$646,430	$637,001	$511,127	$9,429
2023	$542,113	$666,017	$478,535	$-123,904
2022	$758,624	$593,363	$516,958	$165,261
2021	$500,410	$347,639	$516,273	$152,771
2020	$362,663	$355,878	$250,357	$6,785
2019	$532,137	$603,466	$207,156	$-71,329
2018	$570,530	$601,931	$276,375	$-31,401

CENTER STAGE THEATRE INC