ASSOCIATION FOR THE COLONIAL THEAT… - Form 990 Financial Data

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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

1996

Legal Domicile

Principal Officer

JENNIFER CARLSON

Phone

6109171228

Tax Period

2023-09-01 to 2024-08-31

ASSOCIATION FOR THE COLONIAL THEATRE, founded in 1996, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $2.1M exceeded revenue, resulting in a 22% operating deficit.

Mission

THE MISSION OF THE ASSOCIATION FOR THE COLONIAL THEATRE IS TO SHOWCASE THE TRANSFORMATIVE POWER OF THE ARTS TO ENRICH LIVES, CONNECT PEOPLE, AND ENHANCE THE CULTURAL AND ECONOMIC VITALITY OF PHOENIXVILLE AND SURROUNDING COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $1,701,463 Revenue: $1,029,601

THE ASSOCIATION MAINTAINS THE HISTORIC COLONIAL THEATRE. PROGRAMS INCLUDE ART AND INDEPENDENT FILMS, CLASSIC FILMS, PROGRAMS FOR YOUNG AUDIENCES, LIVE CONCERTS, AND COMMUNITY EVENTS. DURING THE...

THE ASSOCIATION MAINTAINS THE HISTORIC COLONIAL THEATRE. PROGRAMS INCLUDE ART AND INDEPENDENT FILMS, CLASSIC FILMS, PROGRAMS FOR YOUNG AUDIENCES, LIVE CONCERTS, AND COMMUNITY EVENTS. DURING THE CURRENT YEAR:- PRESENTED ARTS AND CULTURE PROGRAMMING TO OVER 52,845 TICKET HOLDERS -- OVER 28,752 INSTANCES OF PATRONS ATTENDED FILM SCREENINGS. -- OVER 17,540 TICKET HOLDERS ATTENDED LIVE CONCERTS AND PROGRAMS. -- OVER 700 COMPLIMENTARY TICKETS WERE REDEEMED, ENABLING THESE PATRONS THE OPPORTUNITY TO ENJOY FREE PROGRAMMING.SEE ADDITIONAL INFORMATION ON SCHEDULE O THE COLONIAL THEATRE PROVIDED DISCOUNTED AND FREE RENTALS TO LOCAL NONPROFITS AND COMMUNITY ORGANIZATIONS INCLUDING:- FIREBIRD CHILDREN'S THEATRE- ORION COMMUNITIES- CITIZENS ADVOCACY- PHOENIXVILLE CHAMBER OF COMMERCE TOWN HALL- PHILADELPHIA FOLKSONG SOCIETY- PHOENIXVILLE WOMEN'S OUTREACH- CINEMA QUILT HOMESCHOOL FILMMAKERS- CRESCENDO PHOENIXVILLE. PARTNERED WITH THE FOLLOWING NONPROFITS TO PRESENT A FILM RELEVANT TO THAT ORGANIZATION'S MISSION: - JENKINS ARBORETUM- AUDUBON CENTER AT MILL GROVE- ANN'S HEART- DOMESTIC VIOLENCE CENTER OF CHESTER COUNTY- LUNDALE FARM.SERVED AS A ONE-DAY TRAINING SITE FOR CHESTER COUNTY SEEING EYE PUPPIES (DOGS TRAINED TO SERVE THE DISABLED)

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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 $336,985

Program Service Revenue $1,029,601

Investment Income $22,803

Other Revenue $318,738

TOTAL REVENUE $1,708,127

Expense Breakdown

Grants Paid $0

Salaries & Benefits $731,576

Fundraising Expenses $123,935

Program Expenses $1,701,463

Other Expenses $1,347,371

TOTAL EXPENSES $2,078,947

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,708,127	$2,120,194	-0.2%
Expenses	$2,078,947	$2,289,724	-0.1%
Net Income	$-370,820	$-169,530	+1.2%

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

125

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

$106,651

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOCELYN S HARRIS	PRESIDENT	5.00	Officer Director	$0	$0	$0
SUSAN BERRY-GORELLI	CO-VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MARYLOUISE STERGE	CO-VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
PAULINE MONSON	SECRETARY	2.00	Officer Director	$0	$0	$0
MATTHEW CARBERRY	TREASURER	2.00	Officer Director	$0	$0	$0
RONALD ARENA	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA H BRADBEER	DIRECTOR	1.00	Director	$0	$0	$0
JACQUELINE R D'ERCOLE	DIRECTOR AS OF MARCH	1.00	Director	$0	$0	$0
JANICE HARTMANN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD A KUNSCH SR	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH B MUMMA	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN SUTHERLAND	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM M ANDERSEN	DIRECTOR THRU SEPTEMBER	1.00	Director	$0	$0	$0
STEPHEN H KALIS	DIRECTOR THRU SEPTEMBER	1.00	Director	$0	$0	$0
MARIAN D MOSKOWITZ	DIRECTOR THRU SEPTEMBER	1.00	Director	$0	$0	$0
SUZANNE V NORRIS	DIRECTOR THRU SEPTEMBER	1.00	Director	$0	$0	$0
JENNIFER CARLSON	EXECUTIVE DIRECTOR	40.00	Officer	$104,560	$2,091	$106,651

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	$1,708,127	$2,078,947	$7,711,914	$-370,820
2023	$2,120,194	$2,289,724	$8,059,102	$-169,530
2022	$1,876,760	$2,076,359	$8,598,251	$-199,599
2021	$1,436,058	$1,205,903	$9,083,228	$230,155
2020	$1,183,225	$1,574,959	$8,748,978	$-391,734
2019	$1,876,040	$2,116,241	$9,201,672	$-240,201
2018	$1,677,707	$2,065,203	$9,873,144	$-387,496

ASSOCIATION FOR THE COLONIAL THEATRE