THE THEATER PROJECT INC (EIN 223234059) - 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

1993

Legal Domicile

Principal Officer

TODD KADIS

Phone

4137477797

Tax Period

2022-07-01 to 2023-06-30

THE THEATER PROJECT INC, founded in 1993, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2022. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 24% operating deficit.

Mission

TO PROMOTE THE ARTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $173,452

Program Service Revenue $1,325,145

Investment Income $6,628

Other Revenue $90,935

TOTAL REVENUE $1,596,160

Expense Breakdown

Grants Paid $0

Salaries & Benefits $942,881

Fundraising Expenses $22,318

Program Expenses $1,784,330

Other Expenses $1,037,074

TOTAL EXPENSES $1,979,955

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,596,160	$2,451,788	-0.3%
Expenses	$1,979,955	$1,723,918	+0.1%
Net Income	$-383,795	$727,870	-1.5%

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

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

$174,690

Total Directors

$174,690

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANNY EATON	President	35.00	Officer Director	$97,504	$2,052	$99,556
TODD KADIS	TREASURER/CLERK	35.00	Officer Director	$67,937	$3,892	$71,829
CHRISTINE THOMPSON	Vice President	0.50	Officer Director	$3,305	$0	$3,305
EMILY EATON	Director	1.00	Director	$0	$0	$0
MARIE SUSEN	Director	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	$1,596,160	$1,979,955	$2,281,993	$-383,795
2022	$2,451,788	$1,723,918	$2,589,978	$727,870
2021	$262,690	$333,242	$1,621,682	$-70,552
2020	$1,163,064	$1,193,311	$1,689,295	$-30,247
2019	$1,379,061	$1,383,161	$1,850,718	$-4,100
2018	$1,338,566	$1,314,554	$1,779,511	$24,012

THE THEATER PROJECT INC