Thalian Hall Center for the Performing Arts Incorporated (EIN 237209601) - 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

1963

Legal Domicile

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

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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 $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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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

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

$158,679

Total Directors

$158,679

Key Employees

Highest Compensated

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

Thalian Hall Center for the Performing Arts Incorporated