STATE THEATRE CENTER FOR THE ARTS INC (EIN 232173216) - 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

1981

Legal Domicile

Principal Officer

SHELLEY BROWN

Phone

6102587766

Tax Period

2023-06-01 to 2024-05-31

STATE THEATRE CENTER FOR THE ARTS INC, founded in 1981, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.8M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $4.5M exceeded revenue, resulting in a 19% operating deficit.

Mission

SEE STATEMENT 5A.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,111,770

Program Service Revenue $2,262,931

Investment Income $69,626

Other Revenue $360,344

TOTAL REVENUE $3,804,671

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,544,393

Fundraising Expenses $178,947

Program Expenses $3,345,230

Other Expenses $2,970,199

TOTAL EXPENSES $4,514,592

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,804,671	$4,546,512	-0.2%
Expenses	$4,514,592	$5,176,089	-0.1%
Net Income	$-709,921	$-629,577	+0.1%

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

153

Volunteers

231

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

$179,055

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
S GRAHAM SIMMONS	CHAIRMAN	5.00	Officer Director	$0	$0	$0
RENEE JAMES	1ST VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
CINDY PENCHISHEN	TREASURER	5.00	Officer Director	$0	$0	$0
PETER GRAY	SECRETARY	5.00	Officer Director	$0	$0	$0
ANTHONY DARE	BOARD MEMBER	5.00	Director	$0	$0	$0
CYNTHIA DIRENZO	BOARD MEMBER	5.00	Director	$0	$0	$0
DAVID HINSON	BOARD MEMBER	5.00	Director	$0	$0	$0
BEVERLY PESARESI	BOARD MEMBER	5.00	Director	$0	$0	$0
CHAND ROHATGI	BOARD MEMBER	5.00	Director	$0	$0	$0
KIM ROMPILLA	BOARD MEMBER	5.00	Director	$0	$0	$0
SHELLEY BROWN	PRESIDENT & CEO	40.00	Officer	$169,720	$9,335	$179,055
MARK RAFINSKI	HCE	40.00	Highest	$101,980	$12,283	$114,263

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	$3,804,671	$4,514,592	$7,894,412	$-709,921
2023	$4,546,512	$5,176,089	$7,859,937	$-629,577
2022	$4,832,518	$3,807,597	$9,301,794	$1,024,921
2021	$2,322,764	$1,631,135	$8,255,187	$691,629
2020	$3,760,755	$3,955,861	$7,007,141	$-195,106
2019	$4,706,829	$5,009,366	$6,938,975	$-302,537

STATE THEATRE CENTER FOR THE ARTS INC