THE PEOPLE'S LIGHT & THEATRE COMPANY (EIN 237313407) - 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

ZAK BERKMAN

Phone

6106471900

Tax Period

2023-09-01 to 2024-08-31

THE PEOPLE'S LIGHT & THEATRE COMPANY, founded in 1974, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.1M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $7.3M exceeded revenue, resulting in a 44% operating deficit.

Mission

PEOPLE'S LIGHT, A CULTURAL AND CIVIC CENTER WITH THEATRE AT ITS CORE, INVITES AND CREATES OPPORTUNITIES FOR DIVERSE COMMUNITIES TO DISCOVER AND CELEBRATE OUR SHARED HUMANITY

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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 $3,103,144

Program Service Revenue $1,138,516

Investment Income $413,051

Other Revenue $450,918

TOTAL REVENUE $5,105,629

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,120,392

Fundraising Expenses $550,710

Program Expenses $3,609,958

Other Expenses $3,220,226

TOTAL EXPENSES $7,340,618

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,105,629	$4,355,938	+0.2%
Expenses	$7,340,618	$7,102,347	+0.0%
Net Income	$-2,234,989	$-2,746,409	-0.2%

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

199

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

$287,264

Total Directors

$405,399

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZACHARY A BERKMAN	PRODUCING ARTISTIC DIRECTOR	40.00	Officer Director	$137,497	$27,289	$164,786
ABIGAIL ADAMS	SENIOR DIR OF SPECIAL PROJECTS	16.00	Director	$207,916	$32,697	$240,613
KATHERINE H MCNABB	PRESIDENT	1.00	Director	$0	$0	$0
KATHLEEN GUBANICH	VICE PRESIDENT	1.00	Director	$0	$0	$0
JEFFREY MCGROARTY RESIGNED MAY 2024	TREASURER	1.00	Director	$0	$0	$0
MICHAEL SMITH ELECTED JUNE 2024	TREASURER	1.00	Director	$0	$0	$0
PAT LUSK	SECRETARY	1.00	Director	$0	$0	$0
BARBARA AUSTELL	TRUSTEE	1.00	Director	$0	$0	$0
JEB BARTH	TRUSTEE	1.00	Director	$0	$0	$0
RENEE BATTISTI	TRUSTEE	1.00	Director	$0	$0	$0
DIANE BISHOP	TRUSTEE	1.00	Director	$0	$0	$0
LORI ESPE	TRUSTEE	1.00	Director	$0	$0	$0
MELANYE FINISTER	TRUSTEE	1.00	Director	$0	$0	$0
HEATHER HOYT	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT JEFFERSON IV	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS H JOHANTGEN	TRUSTEE	1.00	Director	$0	$0	$0
AMANDA KESLER	TRUSTEE	1.00	Director	$0	$0	$0
MARK LANGDON	TRUSTEE	1.00	Director	$0	$0	$0
AMANDA LEVINE	TRUSTEE	1.00	Director	$0	$0	$0
KATHRYN MORONEY RESIGNED MAY 2024	TRUSTEE	1.00	Director	$0	$0	$0
KENNETH B MUMMA	TRUSTEE	1.00	Director	$0	$0	$0
MO PAKNEJAD	TRUSTEE	1.00	Director	$0	$0	$0
JAMES RYLAND	TRUSTEE	1.00	Director	$0	$0	$0
RASMEET SACHDEVA	TRUSTEE	1.00	Director	$0	$0	$0
NICOLE SAKOWITZ	TRUSTEE	1.00	Director	$0	$0	$0
JOHN S SCHMADER	TRUSTEE	1.00	Director	$0	$0	$0
SARAH L SNYDER RESIGNED MAY 2024	TRUSTEE	1.00	Director	$0	$0	$0
JOHN E SPELLMAN	TRUSTEE	1.00	Director	$0	$0	$0
L FREDERICK SUTHERLAND	TRUSTEE	1.00	Director	$0	$0	$0
DIANE L ZWAAN RESIGNED JUNE 2024	TRUSTEE	1.00	Director	$0	$0	$0
MARIAN MOSKOWITZ RESIGNED DEC 2023	TRUSTEE	1.00	Director	$0	$0	$0
ERICA EZOLD	MANAGING DIRECTOR	40.00	Officer	$109,989	$12,489	$122,478

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	$5,105,629	$7,340,618	$19,631,018	$-2,234,989
2023	$4,355,938	$7,102,347	$20,123,505	$-2,746,409
2022	$6,608,302	$6,318,873	$21,056,764	$289,429
2021	$2,648,575	$3,916,753	$24,049,408	$-1,268,178
2020	$7,150,085	$5,397,078	$23,062,128	$1,753,007
2019	$10,701,581	$6,047,465	$19,842,693	$4,654,116
2018	$4,200,713	$5,924,789	$15,291,735	$-1,724,076

THE PEOPLE'S LIGHT & THEATRE COMPANY