HENDERSONVILLE THEATRE (EIN 237026989) - 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

1966

Legal Domicile

Principal Officer

JONATHAN FORRESTER

Phone

8286921082

Tax Period

2023-07-01 to 2024-06-30

HENDERSONVILLE THEATRE, founded in 1966, is a small nonprofit that reported $223K in total revenue in fiscal year 2023. Expenses of $318K exceeded revenue, resulting in a 42% operating deficit.

Mission

PERFORMING ARTS, LIVE THEATRE & ARTS EDUCATION

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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 $22,069

Program Service Revenue $199,498

Investment Income $1,437

Other Revenue $437

TOTAL REVENUE $223,441

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,353

Fundraising Expenses $0

Program Expenses $201,955

Other Expenses $182,924

TOTAL EXPENSES $318,277

Year-over-Year Comparison

	2023	2022	Change
Revenue	$223,441	$209,857	+0.1%
Expenses	$318,277	$269,329	+0.2%
Net Income	$-94,836	$-59,472	+0.6%

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

Employees

Volunteers

N/A

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

$225

Total Directors

$131,793

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MITCH CORN	EXECUTIVE DI	40.00	Director	$48,000	$0	$48,000
VICTORIA LAMBERTH	ARTISTIC DIR	40.00	Director	$48,000	$0	$48,000
ALLISON STARLING	SECRETARY	41.50	Director	$35,568	$0	$35,568
BETH NORRIS	SECRETARY/DI	6.00	Officer Director	$225	$0	$225
GEORGE FERENCZ	TREASURER	1.50	Officer Director	$0	$0	$0
JIMMY FERRERO	DIRECTOR	1.50	Director	$0	$0	$0
JONATHAN FORRESTER	PRESIDENT	1.50	Director	$0	$0	$0
DENISE LOCKETT	MEMBER	1.50	Director	$0	$0	$0
RIVER SPADE	DIRECTOR	1.50	Director	$0	$0	$0
MICHELE SPARKS	MEMBER	1.50	Director	$0	$0	$0
STEVE WOODSMALL	MEMBER	1.50	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	$223,441	$318,277	$588,136	$-94,836
2023	$209,857	$269,329	$687,210	$-59,472
2022	$163,867	$129,711	$755,942	$34,156
2021	$46,913	$56,199	$765,736	$-9,286

HENDERSONVILLE THEATRE