STRAND THEATER INITIATIVE

EIN: 233086325 501(c)(3) Arts, Culture & Humanities

ZELIENOPLE, PA

Total Revenue
$1,310,890
Total Expenses
$815,513
Total Assets
$2,072,100
Net Assets
$1,768,567
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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
PA
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.

Program Service Accomplishments

Program 1
Expenses: $606,971 Revenue: $821,784

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%)

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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

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Governance

Voting Members
4
Independent Members
3
Employees
3
Volunteers
50

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
4
$71,956
Total Directors
5
$71,956
Key Employees
0
$0
Highest Compensated
0
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
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