Theatre of NorthEastern CT Inc (EIN 223122890) - 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

1991

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

Theatre of NorthEastern CT Inc, founded in 1991, is a small nonprofit in the Arts, Culture & Humanities sector that reported $501K in total revenue in fiscal year 2024. Expenses of $474K left a modest 5% surplus.

Mission

To provide live theater performances

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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 $85,611

Program Service Revenue $409,938

Investment Income $5,633

Other Revenue $0

TOTAL REVENUE $501,182

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,105

Fundraising Expenses $0

Program Expenses $474,485

Other Expenses $371,380

TOTAL EXPENSES $474,485

Year-over-Year Comparison

	2024	2023	Change
Revenue	$501,182	$499,243	+0.0%
Expenses	$474,485	$439,976	+0.1%
Net Income	$26,697	$59,267	-0.5%

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

N/A

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
Tonya Brock	President	2.00	Officer	$0	$0	$0
Cindy Beckman	Vice President	2.00	Officer	$0	$0	$0
Jeanne Foley	Secretary	2.00	Officer	$0	$0	$0
Madeline Jaaskela	Officer at Large	2.00	Officer	$0	$0	$0
Barbara Rasmussen	Treasurer	0.00	Officer	$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	$501,182	$474,485	$389,893	$26,697
2023	$499,243	$439,976	$336,603	$59,267
2022	$382,397	$464,492	$293,575	$-82,095
2021	$444,161	$257,651	$361,896	$186,510
2019	$403,400	$438,640	$289,445	$-35,240
2018	$449,755	$400,098	$306,455	$49,657

Theatre of NorthEastern CT Inc