COLONNADES THEATRE LAB INC (EIN 237293173) - 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

1974

Legal Domicile

Principal Officer

VICTORIA SHARP

Phone

2122810896

Tax Period

2024-07-01 to 2025-06-30

COLONNADES THEATRE LAB INC, founded in 1974, is a small nonprofit in the Arts, Culture & Humanities sector that reported $189K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $225K exceeded revenue, resulting in a 19% operating deficit.

Mission

GLOBAL ARTS CORPS (GAC) IS A CONSORTIUM OF THEATER ARTISTS WITH A MANDATE TO BRING TOGETHER PERFORMERS FROM OPPOSITE SIDES OF POLITICAL, RELIGIOUS, ETHNIC, AND RACIAL DIVIDES IN ORDER TO EXPERIENCE EACH OTHER'S STORIES AND CONFLICTS IN NEW WAYS. OUR MISSION IS TO EXAMINE WORLD CONFLICT BY DISARMING PEOPLE IN CONFLICT WITH THE EXPERIENCE OF THEIR INNATE ABILITY FOR PERCEPTUAL CHANGE. WORKING NOW WITH CHILDREN IN AN ONGOING, MULTI-YEAR RADIO EXCHANGE PROJECT, WE WORK IN THREE MAIN WAYS: (1) USE THEATER AND STORYTELLING AS A PROCESS TO DEVELOP GROUP TRUST AND BELONGING (2) SUPPORT KIDS TO CREATE THEIR OWN PRODUCTIONS AND (3) CONNECT KIDS ACROSS POLITICAL, RELIGIOUS, ETHNIC, AND RACIAL DIVIDES USING THEIR STORIES AS A NEW STARTING POINT FOR COMMUNICATION. WORK ON THIS PROJECT WAS CONDUCTED IN KOSOVO AND WYOMING, USA THIS PAST YEAR.

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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 $174,342

Program Service Revenue $0

Investment Income $14,931

Other Revenue $0

TOTAL REVENUE $189,273

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $71

Program Expenses $182,864

Other Expenses $224,846

TOTAL EXPENSES $224,846

Year-over-Year Comparison

	2024	2023	Change
Revenue	$189,273	$148,574	+0.3%
Expenses	$224,846	$288,897	-0.2%
Net Income	$-35,573	$-140,323	-0.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL S LESSAC	DIRECTOR	N/A	Director	$0	$0	$0
SONNY CHHENG	DIRECTOR	N/A	Director	$0	$0	$0
LAUREN EMBREY	DIRECTOR	N/A	Director	$0	$0	$0
JOHN KELLY	TREASURER/SE	N/A	Officer Director	$0	$0	$0
STUART OKEN	DIRECTOR	N/A	Director	$0	$0	$0
VICTORIA SHARP	PRESIDENT	N/A	Officer Director	$0	$0	$0
FELICE SWAPP	DIRECTOR	N/A	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	$189,273	$224,846	$182,492	$-35,573
2024	$148,574	$318,128	$218,065	$-169,554
2023	$41,144	$247,296	$387,619	$-206,152
2022	$18,992	$191,866	$593,771	$-172,874
2021	$591,269	$153,040	$766,645	$438,229
2020	$322,290	$192,271	$328,625	$130,019
2019	$519,219	$337,738	$200,016	$181,481
2018	$430,497	$341,524	$18,013	$88,973

COLONNADES THEATRE LAB INC