FULTON THEATRE COMPANY (EIN 231631733) - 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

1963

Legal Domicile

Principal Officer

MARK RABINOWITZ

Phone

7173947133

Tax Period

2024-09-01 to 2025-08-31

FULTON THEATRE COMPANY, founded in 1963, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $10.2M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Net assets of $26.7M represent 31 months of operating reserves.

Mission

PRODUCTION OF LIVE THEATRE

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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 $2,604,046

Program Service Revenue $7,010,416

Investment Income $247,984

Other Revenue $354,102

TOTAL REVENUE $10,216,548

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,169,174

Fundraising Expenses $597,816

Program Expenses $6,418,896

Other Expenses $4,997,191

TOTAL EXPENSES $11,166,365

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,216,548	$9,155,712	+0.1%
Expenses	$11,166,365	$11,264,546	0.0%
Net Income	$-949,817	$-2,108,834	-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

294

Volunteers

800

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

$400,016

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR DAVID GROFF	PRESIDENT	3.00	Officer Director	$0	$0	$0
MR R PATRICK WOOD	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
MS LYNN MILLS	TREASURER	3.00	Officer Director	$0	$0	$0
MR DAVID TAYLOR	SECRETARY	3.00	Officer Director	$0	$0	$0
MRS JEANNE DONLEVY ARNOLD	BOARD MEMBER (JOINED 9/1/24)	1.00	Director	$0	$0	$0
MR THOMAS W BERGEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MR WILLIAM BROADDUS	BOARD MEMBER	1.00	Director	$0	$0	$0
MR DINO CESARINI	BOARD MEMBER (JOINED 9/1/24)	1.00	Director	$0	$0	$0
MRS TRACEY DAVIS	BOARD MEMBER (JOINED 9/1/24)	1.00	Director	$0	$0	$0
MRS MARIA DI STRAVOLO-ELLIOT	BOARD MEMBER	1.00	Director	$0	$0	$0
MRS JUSTINA JUVONEN DODGE	BOARD MEMBER (JOINED 9/1/24)	1.00	Director	$0	$0	$0
MR ERIC HOWARD DMD PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
MRS JULIA JORDAN KAMANDA	BOARD MEMBER (JOINED 9/1/24)	1.00	Director	$0	$0	$0
MR AVI PATEL	BOARD MEMBER	1.00	Director	$0	$0	$0
MR IAN RUZOW	BOARD MEMBER	1.00	Director	$0	$0	$0
MR BRIAN RUTTER	BOARD MEMBER	1.00	Director	$0	$0	$0
MRS KIT SLAUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
MR MARSHALL SNIVELY	BOARD MEMBER	1.00	Director	$0	$0	$0
MR D MICHAEL WEGE	BOARD MEMBER	1.00	Director	$0	$0	$0
MRS SUSAN WOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
MR MARK RABINOWITZ	EX-OFFICIO TRUSTEE - ARTIS	50.00	Officer	$268,746	$7,085	$275,831
JANE CORNETTT	CFO	40.00	Officer	$124,185	$0	$124,185
MR RICHARD BOWEN	EXECUTIVE DIRECTOR OF DEVELOPMENT	40.00	Highest	$110,157	$6,260	$116,417

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	$10,216,548	$11,166,365	$35,015,539	$-949,817
2024	$9,155,712	$11,264,546	$35,645,330	$-2,108,834
2023	$10,332,604	$11,427,936	$39,302,582	$-1,095,332
2022	$13,747,979	$10,612,059	$41,338,527	$3,135,920
2021	$8,952,577	$5,546,406	$42,962,045	$3,406,171
2020	$8,367,355	$6,724,832	$38,380,584	$1,642,523
2019	$15,104,336	$9,142,263	$32,949,346	$5,962,073
2018	$9,201,920	$7,647,811	$24,086,397	$1,554,109

FULTON THEATRE COMPANY