CIRCUIT PLAYHOUSE INC (EIN 237185772) - 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

1969

Legal Domicile

Principal Officer

LISA WILLIAMS

Phone

9017250776

Tax Period

2024-07-01 to 2025-06-30

CIRCUIT PLAYHOUSE INC, founded in 1969, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.7M in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $3.9M exceeded revenue, resulting in a 46% operating deficit.

Mission

TO PRODUCE A CHALLENGING AND DIVERSE REPERTOIRE OF THEATRICAL WORK FOR THE MEMPHIS COMMUNITY, TO PROVIDE A NURTURING ARTISTIC HOME WHERE ARTISTS CAN PRACTICE THEIR CRAFT, SHARE THEIR TALENT, AND TO MAKE ALL PRODUCTIONS AVAILABLE THROUGH ACCESS, OUTREACH, AND EDUCATIONAL ACTIVITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,439,702

Program Service Revenue $990,230

Investment Income $217,087

Other Revenue $3,449

TOTAL REVENUE $2,650,468

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,156,403

Fundraising Expenses $105,086

Program Expenses $2,906,401

Other Expenses $1,705,909

TOTAL EXPENSES $3,862,312

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,650,468	$3,690,450	-0.3%
Expenses	$3,862,312	$3,875,860	0.0%
Net Income	$-1,211,844	$-185,410	+5.5%

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

$102,445

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAT BOGAN	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID WAYNE BROWN	BOARD MEMBER	2.00	Director	$0	$0	$0
SUSAN COURSON-SMITH	TREASURER	4.00	Officer Director	$0	$0	$0
TINA FOCKLER	BOARD MEMBER	4.00	Director	$0	$0	$0
BAKER GROSS	BOARD MEMBER	1.00	Director	$0	$0	$0
SUE GUARINO	BOARD MEMBER	4.00	Director	$0	$0	$0
SUZANNE JACKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
RONALD KWOKA	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT LEWIS	AT LARGE	1.00	Officer Director	$0	$0	$0
JESSICA LOTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE MCLAREN	BOARD MEMBER	4.00	Director	$0	$0	$0
LEIGH MCLEAN	BOARD MEMBER	1.00	Director	$0	$0	$0
RUCHEE PATEL	BOARD MEMBER	2.00	Director	$0	$0	$0
JO PATTERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANCES PAULSON	BOARD MEMBER	1.00	Director	$0	$0	$0
VIC PRICE	SECRETARY	2.00	Officer Director	$0	$0	$0
ALLISON PRESCOTT	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
DAVID RICHARDSON	BOARD MEMBER	4.00	Director	$0	$0	$0
LISA WILLIAMS	PRESIDENT	4.00	Officer Director	$0	$0	$0
SHARON YOUNGER	AT LARGE	1.00	Officer Director	$0	$0	$0
JONATHAN EALY	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY FISH	BOARD MEMBER	2.00	Director	$0	$0	$0
HALLIE FLANAGAN	BOARD MEMBER	4.00	Director	$0	$0	$0
SONYA FLECK	BOARD MEMBER	1.00	Director	$0	$0	$0
KINNAWA KAITIBI	BOARD MEMBER	1.00	Director	$0	$0	$0
CLAIRE KOLHEIM	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD ROSS	BOARD MEMBER	1.00	Director	$0	$0	$0
APRIL GARNER	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL DETROIT	EXECUTIVE PRODUCER	40.00	Officer	$102,445	$0	$102,445

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	$2,650,468	$3,862,312	$15,255,113	$-1,211,844
2024	$3,690,450	$3,875,860	$16,148,707	$-185,410
2023	$2,713,843	$3,315,780	$15,787,593	$-601,937
2022	$3,366,086	$2,776,183	$16,411,290	$589,903
2021	$2,686,872	$2,263,481	$16,830,150	$423,391
2020	$3,855,995	$2,980,489	$16,026,012	$875,506
2019	$3,014,387	$2,915,580	$15,442,859	$98,807

CIRCUIT PLAYHOUSE INC