THE GROUNDLINGS (EIN 237381137) - 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

CARRIE LAFERLE GERGELY

Phone

3239344747

Tax Period

2023-07-01 to 2024-06-30

THE GROUNDLINGS, founded in 1974, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $3.4M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE THEATER'S PURPOSE IS TO CULTIVATE TOP COMEDIC TALENT THROUGH ITS SCHOOL AND PRODUCTIONS. THE FOUR PART CURRICULUM (BASIC, INTERMEDIATE, LAB AND ADVANCED) GIVES STUDENTS A SYSTEMATIC APPROACH TO LEARNING IMPROVISATION AND WRITING SKILLS.

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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 $31,313

Program Service Revenue $2,784,341

Investment Income $195,466

Other Revenue $39,689

TOTAL REVENUE $3,050,809

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,130,253

Fundraising Expenses $40,065

Program Expenses $2,734,109

Other Expenses $1,244,180

TOTAL EXPENSES $3,374,433

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,050,809	$2,813,891	+0.1%
Expenses	$3,374,433	$3,219,184	+0.0%
Net Income	$-323,624	$-405,293	-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

138

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

$100,096

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK ANTONIAN	DIRECTOR	1.00	Director	$0	$0	$0
PHYLLIS KATZ	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN SANCHEZ-LEOS	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH YOSHITOMI	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW LEVY	DIRECTOR	1.00	Director	$0	$0	$0
JULIA FISCHER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CHURVEN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CRABB	DIRECTOR	1.00	Director	$0	$0	$0
EMILY PENDERGAST	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE LAFERLE GERGELY	MANAGING DIRECTOR	40.00	Officer	$100,096	$0	$100,096

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	No data	No data	No data	No data
2024	$3,050,809	$3,374,433	$7,857,397	$-323,624
2023	$2,813,891	$3,219,184	$8,249,901	$-405,293
2022	$2,597,812	$2,513,592	$8,629,630	$84,220
2021	$1,774,630	$1,343,100	$8,617,567	$431,530
2020	$2,480,285	$2,460,229	$8,368,733	$20,056
2019	$3,005,081	$2,865,728	$8,426,739	$139,353

THE GROUNDLINGS