Thalian Hall Center for the Performing Arts Incorporated

EIN: 237209601 501(c)(3) Arts, Culture & Humanities

Wilmington, NC

Total Revenue
$4,332,042
Total Expenses
$2,399,269
Total Assets
$4,220,540
Net Assets
$3,717,424
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1963
Legal Domicile
NC
Principal Officer
Shane Fernando
Phone
9106322241
Tax Period
2024-07-01 to 2025-06-30

Thalian Hall Center for the Performing Arts Incorporated, founded in 1963, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.3M in total revenue in fiscal year 2024. Revenue surged 118% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 45% operating margin.

Mission

To present a broad range of educational, entertainment, and cultural programs; to be a major regional resource for quality spaces, equipment and services; and to preserve the symbol of Wilmington's cultural heritage for future generations

Program Service Accomplishments

Program 1
Expenses: $1,728,641 Revenue: $1,609,425

The organization was established to encourage and assist in the preservation and restoration of Thalian Hall, an historic theatre owned by the City of Wilmington, and to promote the arts in the area.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,666,408
Program Service Revenue $1,585,649
Investment Income $51,955
Other Revenue $28,030
TOTAL REVENUE $4,332,042

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,004,554
Fundraising Expenses $211,346
Program Expenses $1,728,641
Other Expenses $1,394,715
TOTAL EXPENSES $2,399,269

Year-over-Year Comparison

2024 2023 Change
Revenue $4,332,042 $1,982,751 +1.2%
Expenses $2,399,269 $1,878,427 +0.3%
Net Income $1,932,773 $104,324 +17.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
23
Independent Members
23
Employees
27
Volunteers
300

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
$158,679
Total Directors
24
$158,679
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Terry Espy President 4.00
Officer Director
$0 $0 $0
Richard Trubia Treasurer 4.00
Officer Director
$0 $0 $0
Shannon Sandlin Vice President 4.00
Officer Director
$0 $0 $0
Charky Armstrong Director 4.00
Director
$0 $0 $0
Donna Cameron Director 4.00
Director
$0 $0 $0
Robert Erb Director 4.00
Director
$0 $0 $0
Hank Estep Director 4.00
Director
$0 $0 $0
Christa Faison Director 4.00
Director
$0 $0 $0
Annette Freeman Director 4.00
Director
$0 $0 $0
Travis Gilbert Director 4.00
Director
$0 $0 $0
Michael Goins Director 4.00
Director
$0 $0 $0
Margaret Haynes Director 4.00
Director
$0 $0 $0
Annamaria Lookman Director 4.00
Director
$0 $0 $0
Laurence Nadeau Secretary 4.00
Director
$0 $0 $0
Sandra Ray Director 4.00
Director
$0 $0 $0
Robert Sherman Director 4.00
Director
$0 $0 $0
Shane Fernando Executive Director 40.00
Officer Director
$158,625 $54 $158,679
Greg Wessel Director 4.00
Director
$0 $0 $0
Tina Williamson Director 4.00
Director
$0 $0 $0
Rob Zapple Director 4.00
Director
$0 $0 $0
Ronna Zimmer Director 4.00
Director
$0 $0 $0
Jacki Booth Director 4.00
Director
$0 $0 $0
Alisa Harris Director 4.00
Director
$0 $0 $0
David Joyner Director 4.00
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
2025 $4,332,042 $2,399,269 $4,220,540 $1,932,773
2024 $1,982,751 $1,878,427 $2,332,095 $104,324
2023 $1,704,616 $1,552,710 $1,964,659 $151,906
2022 $2,399,584 $1,642,543 $1,750,747 $757,041
2021 $771,469 $839,556 $894,635 $-68,087
2020 $1,279,086 $1,305,817 $860,717 $-26,731
2019 $1,349,904 $1,323,860 $835,738 $26,044
2018 $1,356,173 $1,372,732 $795,831 $-16,559
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