LINCOLN THEATRE ASSOCIATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

PETER HERSHA

Phone

6144691045

Tax Period

2022-07-01 to 2023-06-30

LINCOLN THEATRE ASSOCIATION, founded in 2006, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2022. Revenue decreased 10% compared to the prior year. Expenses of $1.5M exceeded revenue, resulting in a 13% operating deficit.

Mission

THE MISSION OF THE LINCOLN THEATRE ASSOCIATION IS TO SERVE AS THE STEWARD OF THE HISTORIC LANDMARK THEATRE, AS AN INCUBATOR FOR TALENTED, EMERGING ARTISTS IN OUR COMMUNITY, AS A PRESENTER OF THE HIGHEST QUALITY ARTISTS FROM AROUND THE WORLD, AND AS A CREATIVE PARTNER THAT IS AN ECONOMIC CATALYST FOR THE REVITALIZATION OF THE KING-LINCOLN DISTRICT AND DOWNTOWN COLUMBUS.

Program Service Accomplishments

Program 1

Expenses: $1,188,238 Revenue: $464,989

THE LINCOLN THEATRE ASSOCIATION (LTA) OPERATES THE HISTORIC LINCOLN THEATRE, LOCATED IN THE KING-LINCOLN BRONZEVILLE DISTRICT OF COLUMBUS, OHIO. THE OPERATION OF THE LINCOLN THEATRE INCLUDES MANAGING RENTALS OF THE THEATRE, REHEARSAL AND BALLROOM SPACES. LTA STAFF ALSO OVERSEE THE OFFICE AND EDUCATION SPACES. THE ACTIVITY OBJECTIVES ARE TO SUPPORT EMERGING AND ESTABLISHED LOCAL ARTISTS AND ARTS ORGANIZATIONS DURING SPACE RENTALS, PROVIDING ADDITIONAL TICKETING AND MARKETING SUPPORT IN SPECIFIC SITUATIONS. DURING FY23, OVER 29,500 PEOPLE ATTENDED IN-PERSON EVENTS, CONCERTS, LECTURES, AND EDUCATIONAL PROGRAMS THAT TOOK PLACE AT THE LINCOLN THEATRE.

Program 2

Expenses: $78,281 Revenue: $99,767

LTA'S PUBLIC PROGRAMS HELD IN FY23 FEATURED LOCAL ARTISTS DURING 15 CONCERTS HELD IN MULTIPLE SPACES THROUGHOUT THE LINCOLN THEATRE. THE ARTISTS WHO PERFORMED IN OUR CONCERT SERIES INCLUDED...

LTA'S PUBLIC PROGRAMS HELD IN FY23 FEATURED LOCAL ARTISTS DURING 15 CONCERTS HELD IN MULTIPLE SPACES THROUGHOUT THE LINCOLN THEATRE. THE ARTISTS WHO PERFORMED IN OUR CONCERT SERIES INCLUDED MUSICIANS, VOCALISTS, GOSPEL CHOIRS, SPOKEN WORD ARTISTS, DANCERS, AND DJS. THE BACKSTAGE AT THE LINCOLN CONCERT SERIES SHOWCASED LOCAL ARTISTS IN AN INTIMATE SETTING, PLACING AUDIENCE MEMBERS ON THE STAGE OF THE LINCOLN WITH THE PERFORMERS. THE CLUB LINCOLN CONCERT SERIES FEATURED EMERGING ARTISTS AND TOOK PLACE IN THE THEATRE'S SECOND-FLOOR BALLROOM. THE WINE DOWN LINCOLN PATIO JAZZ SERIES TOOK PLACE FROM MAY TO SEPTEMBER 2022 AND FEATURED JAZZ MUSICIANS ON THE LINCOLN THEATRE'S OUTDOOR PATIO. THE OBJECTIVE FOR ALL LTA CONCERT SERIES IS TO SUPPORT AND FEATURE LOCAL ARTISTS, ESPECIALLY THOSE AT THE START OF THEIR CAREERS.

Program 3

Expenses: $96,368 Revenue: $62,770

LTA PROVIDES EDUCATION PROGRAMS FOR PEOPLE OF ALL AGES, FROM PROFESSIONAL ARTISTS TO CHILDREN EXPERIENCING THEIR FIRST ART CLASS. OUR FREE PROGRAMS FOR LOCAL, PROFESSIONAL ARTISTS INCLUDED ONE-DAY...

LTA PROVIDES EDUCATION PROGRAMS FOR PEOPLE OF ALL AGES, FROM PROFESSIONAL ARTISTS TO CHILDREN EXPERIENCING THEIR FIRST ART CLASS. OUR FREE PROGRAMS FOR LOCAL, PROFESSIONAL ARTISTS INCLUDED ONE-DAY WORKSHOPS AND A FULL-YEAR INTENSIVE. OUR OBJECTIVE IS TO PROVIDE KNOWLEDGE AND SUPPORT ESSENTIAL TO SUSTAINING A CAREER IN THE ARTS. IN FY23, LTA WORKED WITH 81 PROFESSIONAL ARTISTS DURING EDUCATIONAL PROGRAMS. LTA ALSO ENGAGED OUR COMMUNITY IN CELEBRATION AND CONVERSATION THROUGH TWO FREE PUBLIC EVENTS. OUR ANNUAL WALK OF FAME HONORS THOSE WHO HAVE MADE AN IMPORTANT CONTRIBUTION TO OHIO. THE 2023 WALK OF FAME, HELD ON JULY 30, 2022 PAID TRIBUTE TO TWO COLUMBUS ARTISTS, JAZZ VOCALIST JEANETTE WILLIAMS AND VISUAL ARTIST QUEEN BROOKS. LTA'S COMMUNITY CONVERSATION SERIES IS A COMMUNITY DISCUSSION AROUND AN ARTS TOPIC FEATURING A PANEL OF DISTINGUISHED EXPERTS WITH AN AUDIENCE Q&A. IN OCTOBER 2022 THE LTA HOSTED A COMMUNITY CONVERSATION ENTITLED "THE BLACK PROFESSORIATE IN DANCE: SURVIVING, THRIVING, AND DEVELOPING". THE OBJECTIVE FOR WALK OF FAME AND COMMUNITY CONVERSATIONS IS TO EDUCATE THE PUBLIC ABOUT ISSUES IMPORTANT TO ARTISTS AND TO CELEBRATE ARTISTS WORKING IN OUR COMMUNITY. THE LARGEST LTA EDUCATION PROGRAM FOR CHILDREN IS THE PATTERNZ SUMMER CAMP. IN FY23, PATTERNZ SERVED HUNDREDS OF CHILDREN AGES 6-13 FOR EIGHT WEEKS, FILLING 440 AVAILABLE SPOTS FOR THE SUMMER AND PROVIDING VALUABLE ARTS EDUCATION EXPERIENCES. YOUTH ENROLLED IN THE 2023 SUMMER CAMP PARTICIPATED IN WORKSHOPS LEARNING ABOUT DANCE, VISUAL ARTS, THEATRE, DJING, AND MUSIC. ARTS EDUCATION IS THE OBJECTIVE FOR PATTERNZ SUMMER CAMP.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $690,843

Program Service Revenue $627,526

Investment Income $16,311

Other Revenue $6,195

TOTAL REVENUE $1,340,875

Expense Breakdown

Grants Paid $0

Salaries & Benefits $529,854

Fundraising Expenses $33,620

Program Expenses $1,362,887

Other Expenses $987,685

TOTAL EXPENSES $1,517,539

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,340,875	$1,491,824	-0.1%
Expenses	$1,517,539	$1,409,912	+0.1%
Net Income	$-176,664	$81,912	-3.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

186

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
PETER HERSHA	PRESIDENT	5.00	Officer Director	$0	$0	$0
ANTHONY UNDERDOWN	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
ANGELA PACE	SECRETARY	2.00	Officer Director	$0	$0	$0
RALPH SMITHERS JR	TREASURER	2.00	Officer Director	$0	$0	$0
HABIBA BANKSTON	DIRECTOR	1.00	Director	$0	$0	$0
CHELSEA BARNETT	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA BRANDT	DIRECTOR	1.00	Director	$0	$0	$0
MARKETTA FRANKLIN-THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
CATHRYN GEPPERT	DIRECTOR	1.00	Director	$0	$0	$0
JASON JENKINS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE JONES	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA LACH	DIRECTOR	1.00	Director	$0	$0	$0
NYAMA MCCARTHY-BROWN PHD	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE MEREDITH	DIRECTOR	1.00	Director	$0	$0	$0
MARLON MOORE PHD	DIRECTOR	1.00	Director	$0	$0	$0
PRASHANT NATERI	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN RANSIER	DIRECTOR	1.00	Director	$0	$0	$0
YOHANNAN TERRELL	DIRECTOR	1.00	Director	$0	$0	$0
DEVIN SCHAFFER	DIRECTOR (BEGIN JUNE 2022)	1.00	Director	$0	$0	$0
ROBERT BUCHBINDER	DIRECTOR (BEGIN DEC 2022)	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,340,875	$1,517,539	$10,967,095	$-176,664
2022	$1,491,824	$1,409,912	$11,122,867	$81,912
2021	$709,125	$946,134	$11,003,888	$-237,009
2020	$775,916	$1,171,232	$11,130,683	$-395,316
2019	$804,668	$1,215,466	$11,706,539	$-410,798
2018	$1,635,439	$1,083,726	$12,296,037	$551,713