EMBASSY THEATRE FOUNDATIONINC (EIN 237355731) - 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

1972

Legal Domicile

Principal Officer

KELLY UPDIKE

Phone

2604246287

Tax Period

2024-09-01 to 2025-08-31

EMBASSY THEATRE FOUNDATIONINC, founded in 1972, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.9M in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. Net assets of $19.1M represent 33 months of operating reserves.

Mission

THE EMBASSY THEATRE ENRICHES THE CULTURAL LIFE OF THE REGION BY PROVIDING A WIDE RANGE OF ARTS AND ENTERTAINMENT EXPERIENCES IN A HISTORIC VENUE.

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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 $2,800,252

Program Service Revenue $3,904,750

Investment Income $202,972

Other Revenue $-43,973

TOTAL REVENUE $6,864,001

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,599,085

Fundraising Expenses $224,660

Program Expenses $5,697,171

Other Expenses $5,138,672

TOTAL EXPENSES $6,737,757

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,864,001	$4,218,815	+0.6%
Expenses	$6,737,757	$5,322,645	+0.3%
Net Income	$126,244	$-1,103,830	-1.1%

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

450

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

$536,566

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY UPDIKE	PRESIDENT &	40.00	Officer	$152,927	$10,537	$163,464
WALTER THOMAS SMITH	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
MIKE BYNUM	DIRECTOR	1.00	Director	$0	$0	$0
LISA GIVAN	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER NUSBAUM	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOLYNN SUKO	DIRECTOR	1.00	Director	$0	$0	$0
JERMAINE THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
THAO NGUYEN	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL OSTING	SECRETARY	1.00	Officer Director	$0	$0	$0
JEFF WOENKER	TREASURER	1.00	Officer Director	$0	$0	$0
ALLISON ACOSTA-SMITH	DIRECTOR	1.00	Director	$0	$0	$0
BETH MCAVOY	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN MILLER	DIRECTOR	1.00	Director	$0	$0	$0
LAURA OLIVERO	DIRECTOR	1.00	Director	$0	$0	$0
MARY JO HARDIMAN	COO	40.00	Officer	$103,464	$7,290	$110,754
EMILY DARRAH	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA TERHUNE	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN WESNER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GLOWACKI	CHIEF PRODUC	40.00	Officer	$88,412	$1,800	$90,212
JANET MACKAY-GALBRAITH	CHIEF PROGRA	40.00	Officer	$81,292	$3,900	$85,192
CARLY MYERS	CHIEF MARKET	40.00	Officer	$85,194	$1,750	$86,944

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	$6,864,001	$6,737,757	$21,676,845	$126,244
2024	$4,218,815	$5,322,645	$18,143,296	$-1,103,830
2023	$5,427,170	$5,916,611	$19,417,722	$-489,441
2022	$5,039,603	$3,729,777	$19,673,626	$1,309,826
2021	$2,992,603	$2,757,921	$19,011,022	$234,682
2020	$2,967,086	$3,664,019	$18,131,806	$-696,933
2019	$3,444,759	$3,431,878	$19,326,031	$12,881

EMBASSY THEATRE FOUNDATIONINC