READING CIVIC OPERA SOCIETY INCORP… - 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

1950

Legal Domicile

Principal Officer

Jeannette DeAngelo

Phone

6104042568

Tax Period

2025-01-01 to 2025-12-31

READING CIVIC OPERA SOCIETY INCORPORATED, founded in 1950, is a small nonprofit in the Arts, Culture & Humanities sector that reported $258K in total revenue in fiscal year 2025. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $77K, a strong 30% operating margin.

Mission

Reading Civic Theatre will provide high quality musical theatre in the Reading Berks County area with a commitment to entertaining the public in the field of theatre arts with the primary mission of training and developing talent within our community.

Program Service Accomplishments

Program 1

Expenses: $19,500 Revenue: $44,180

In December RCT performed seven shows of the Broadway musical Annie. All seven were essentially sell outs.

Program 2

Expenses: $19,710 Revenue: $31,165

In October RCT performed six shows of the Broadway musical Sweeney Todd. Attendance capacity was around 80%.

Program 3

Expenses: $17,040 Revenue: $30,970

In April RCT performed six shows of the Broadway musical Into the Woods. Attendance capacity was around 86%.

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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 (2025)

Revenue Breakdown

Contributions & Grants $68,967

Program Service Revenue $176,813

Investment Income $0

Other Revenue $11,977

TOTAL REVENUE $257,757

Expense Breakdown

Grants Paid $250

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $94,075

Other Expenses $178,400

TOTAL EXPENSES $180,650

Year-over-Year Comparison

	2025	2024	Change
Revenue	$257,757	$169,094	+0.5%
Expenses	$180,650	$172,839	+0.0%
Net Income	$77,107	$-3,745	-21.6%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeannette DeAngelo	President	20.00	Officer	$0	$0	$0
Andrew Angstadt	Vice President	10.00	Officer Director	$0	$0	$0
Angela DeAngelo	Secretary	10.00	Officer Director	$0	$0	$0
Roger Levesque	Treasurer	20.00	Officer Director	$0	$0	$0
Edward Stalllman	Director	20.00	Officer 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
2025	$257,757	$180,650	$365,175	$77,107
2022	$246,281	$155,121	$303,613	$91,160

READING CIVIC OPERA SOCIETY INCORPORATED