STRAND THEATER INITIATIVE (EIN 233086325) - 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

2001

Legal Domicile

Principal Officer

RONALD M CARTER

Phone

7247420400

Tax Period

2023-01-01 to 2023-12-31

STRAND THEATER INITIATIVE, founded in 2001, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 98% from the prior year, signaling strong growth momentum. The organization ran a surplus of $495K, a strong 38% operating margin.

Mission

PRESERVATION AND RENOVATION OF THE STRAND AS PERFORMING ARTS AND CINEMATIC THEATER VENUE.

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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 $503,393

Program Service Revenue $815,302

Investment Income $8,129

Other Revenue $-15,934

TOTAL REVENUE $1,310,890

Expense Breakdown

Grants Paid $0

Salaries & Benefits $206,670

Fundraising Expenses $30,865

Program Expenses $606,971

Other Expenses $608,843

TOTAL EXPENSES $815,513

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,310,890	$660,425	+1.0%
Expenses	$815,513	$756,691	+0.1%
Net Income	$495,377	$-96,266	-6.1%

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

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

$71,956

Total Directors

$71,956

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD M CARTER	PRESIDENT/EXEC DIRECTOR	60.00	Officer Director	$71,956	$0	$71,956
CHRISTOPHER LEISIE	VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
NEAL JACKSON	TREASURER	5.00	Officer Director	$0	$0	$0
NICOLE THURNER	SECRETARY	5.00	Officer Director	$0	$0	$0
KATHY CARTER	MEMBER AT LARGE	5.00	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
2024	No data	No data	No data	No data
2023	$1,310,890	$815,513	$2,072,100	$495,377
2022	$660,425	$756,691	$1,582,662	$-96,266
2021	$846,380	$468,202	$1,680,917	$378,178
2020	$253,033	$317,496	$1,327,276	$-64,463
2019	$441,511	$498,685	$1,342,140	$-57,174
2018	$465,709	$516,681	$1,395,425	$-50,972

STRAND THEATER INITIATIVE