Theatre of NorthEastern CT Inc

EIN: 223122890 501(c)(3) Arts, Culture & Humanities

Putnam, CT

Total Revenue
$501,182
Total Expenses
$474,485
Total Assets
$389,893
Net Assets
$328,454
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
CT
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

Program Service Accomplishments

Program 1
Expenses: $474,485

In 2024, Theatre of Northeastern CT was successful in meeting and exceeding our goal of raising $50K in our Historic Revitalization capital campaign. The campaign funded a complete renovation of our...

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In 2024, Theatre of Northeastern CT was successful in meeting and exceeding our goal of raising $50K in our Historic Revitalization capital campaign. The campaign funded a complete renovation of our concessions area, which has improved storage needs, traffic flow and efficiency, enhancing the customer experience. The remaining funds from the campaign are being used to purchase a digital projector, which is in the process of being ordered now. We were able to present 6 main season theatrical productions and 3 co-productions with The Complex Performing Arts Center, in addition to 2 concerts and educational programs. We reinstated a student performance for our production of The Crucible, bringing nearly four hundred students in from multiple area schools. We made countless improvements to processes and updated critical procedures. Several TNECT members participated in a training program, which earned them CPR certification, and the theater purchased a defibrillator, to ensure that we are prepared to handle a wide variety of medical emergencies. Ultimately, we were able to achieve many of our objectives, and ended the year with a profit.

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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%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
6

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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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