WEATHERVANE PLAYHOUSE INC

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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

1969

Legal Domicile

Principal Officer

COREY D WILLS

Phone

7403664616

Tax Period

2024-01-01 to 2024-12-31

WEATHERVANE PLAYHOUSE INC, founded in 1969, is a small nonprofit in the Arts, Culture & Humanities sector that reported $690K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $794K exceeded revenue, resulting in a 15% operating deficit.

Mission

THE MISSION OF WEATHERVANE PLAYHOUSE IS TO ENTERTAIN, EDUCATE, AND INSPIRE THE COMMUNITY THROUGH QUALITY PROFESSIONAL THEATRE PRODUCTIONS AND THEATRE ARTS EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $615,806 Revenue: $300,844

WEATHERVANE HAD A FULL SUMMER SEASON IN 2024. PERFORMANCES INCLUDED MAN OF LAMANCHA, KEN LUDWIGS SHERWOOD: THE ADVENTURES OF ROBIN HOOD, THE SPONGEBOB MUSICAL, THE RED VELVET CAKE WAR, AND THE ADDAMS FAMILY. WEATHERVANE ALSO HOSTED ITS 2ND ANNUAL MELODRAMA, TITLED A GOLDEN FLEECING, IN OCTOBER. ON TOP OF CORE PROGRAMMING, WEATHERVANE ALSO HOSTED OUTSIDE ARTISTS AND PRODUCTIONS, WHICH INCLUDED LICKING COUNTYS HOMEGROWN COMEDY SHOW WITH THE LICKING COUNTY BOARD OF REALTORS, NEXT TO NORMAL WITH COLUMBUS WITH COLUMBUS CHILDRENS THEATRE, MAXS HOUSE: A MUSICAL PUPPET SHOW WITH ALUMNI MAX BERRY.

Program 2

Expenses: $34,721 Revenue: $88,719

WEATHERVANE THEATRE ACADEMY (WTA) IS DEDICATED TO PROVIDING YOUNG ARTISTS WITH A THEATRE EDUCATION THAT WILL HELP THEM EXCEL IN THE EVER-CHANGING PERFORMING ARTS PROFESSION. WE BELIEVE THESE SKILLS PREPARE YOUNG THEATRE ARTISTS TO TAKE A PLACE OF RESPONSIBILITY IN THE COMMUNITY AT LARGE, NOT ONLY AS ARTISTS, BUT AS GREAT LEADERS, NEIGHBORS AND OVERALL CITIZENS. 2024 INCLUDED PRODUCTIONS OF ANNIE, GOAL, ANASTASIA YOUTH EDITION, MADAGASCAR, BUGZ, TO NAME A FEW. WE ALSO OFFER ONE-OFF CLASSES AND WORKSHOPS AS THE SCHEDULE ALLOWS.

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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 $276,025

Program Service Revenue $389,563

Investment Income $11,182

Other Revenue $12,940

TOTAL REVENUE $689,710

Expense Breakdown

Grants Paid $0

Salaries & Benefits $178,582

Fundraising Expenses $0

Program Expenses $650,527

Other Expenses $615,216

TOTAL EXPENSES $793,798

Year-over-Year Comparison

	2024	2023	Change
Revenue	$689,710	$815,601	-0.2%
Expenses	$793,798	$870,143	-0.1%
Net Income	$-104,088	$-54,542	+0.9%

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

125

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

$51,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAUREN HARVEY	EXECUTIVE DIRECTOR	40.00	Officer	$51,500	$0	$51,500
COREY WILLS	PRESIDENT	6.00	Officer Director	$0	$0	$0
HEIDI HARRIS	VICE PRESIDENT, BOARD DEVELOPMENT	3.00	Officer Director	$0	$0	$0
MARY KAY BOOHER	VICE PRESIDENT, STAFF RELATIONS	3.00	Officer Director	$0	$0	$0
SUSIE THOM	PAST PRESIDENT	2.00	Director	$0	$0	$0
CHERISSE HOPPER	SECRETARY	3.00	Officer Director	$0	$0	$0
WAYNE MILLARD	TREASURER	3.00	Officer Director	$0	$0	$0
JOSHUA ALTOP	MEMBER	2.00	Director	$0	$0	$0
BETH GWYNN	MEMBER	2.00	Director	$0	$0	$0
AMY HUELSKAMP	MEMBER	2.00	Director	$0	$0	$0
STEPHANIE MOLLICA	MEMBER	2.00	Director	$0	$0	$0
LARRY MURDOCK	MEMBER	2.00	Director	$0	$0	$0
KIRK PAISLEY	MEMBER	2.00	Director	$0	$0	$0
LINDA PARKS	MEMBER	2.00	Director	$0	$0	$0
SHARON PHELPS	MEMBER	2.00	Director	$0	$0	$0
LAURA ROMANO	MEMBER	2.00	Director	$0	$0	$0
JASON SAMPLES	MEMBER	2.00	Director	$0	$0	$0
HOLLY SHAI	MEMBER	2.00	Director	$0	$0	$0
BRENNA STULTZ	MEMBER	2.00	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
2024	$689,710	$793,798	$1,550,443	$-104,088
2023	$815,601	$870,143	$1,696,661	$-54,542
2022	$425,371	$695,480	$1,769,685	$-270,109
2021	$617,115	$365,446	$1,957,543	$251,669
2020	$304,606	$303,527	$1,780,109	$1,079
2019	$588,645	$640,776	$1,580,295	$-52,131
2018	$666,844	$789,862	$1,615,802	$-123,018