Little Lake Theatre Company

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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

1984

Legal Domicile

Principal Officer

Joanna Cellone

Phone

7247456300

Tax Period

2024-01-01 to 2024-12-31

Little Lake Theatre Company, founded in 1984, is a small nonprofit in the Arts, Culture & Humanities sector that reported $530K in total revenue in fiscal year 2024. Expenses of $500K left a modest 6% surplus.

Mission

Presentation of live theatre

Program Service Accomplishments

Program 1

Expenses: $398,304

Little Lake programs are designed to present live theatrical performances to our community as well as provide educational and outreach experiences for audiences and artists of all ages. In 2024...

Little Lake programs are designed to present live theatrical performances to our community as well as provide educational and outreach experiences for audiences and artists of all ages. In 2024, about 13,332 people attended our numerous performances during the year.

Program 2

Expenses: $14,925

Little Lake offers 9 different acting and summer camp sessions for children ages 6-18 and adults. The company also operates an apprentice program for 15 high school apprentices each 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 $184,163

Program Service Revenue $304,905

Investment Income $10,074

Other Revenue $30,436

TOTAL REVENUE $529,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $199,265

Fundraising Expenses $3,380

Program Expenses $413,229

Other Expenses $300,623

TOTAL EXPENSES $499,888

Year-over-Year Comparison

	2024	2023	Change
Revenue	$529,578	$551,360	0.0%
Expenses	$499,888	$459,060	+0.1%
Net Income	$29,690	$92,300	-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

Volunteers

200

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
Joanna Cellone	Treasurer	001.00	Officer Director	$0	$0	$0
Andrew Cornelius	Director	001.00	Director	$0	$0	$0
Stephen McCarron	Board Member	001.00	Director	$0	$0	$0
Eric Leslie	Compliance Officer	001.00	Director	$0	$0	$0
Kevin Gallagher	Director	001.00	Director	$0	$0	$0
RaeAnna Wargo	Secretary	001.00	Officer Director	$0	$0	$0
Alex Lewis	Director	001.00	Director	$0	$0	$0
Gina Masciola	Director	001.00	Director	$0	$0	$0
Brian Whitecap	President	001.00	Officer Director	$0	$0	$0
Dick Roberts	Director	001.00	Director	$0	$0	$0
Jennifer Birnie	Vice President	001.00	Officer 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	$529,578	$499,888	$836,737	$29,690
2023	$551,360	$459,060	$755,872	$92,300
2022	$367,005	$437,211	$674,903	$-70,206
2021	$594,887	$380,825	$771,438	$214,062
2020	$213,489	$274,968	$669,523	$-61,479
2019	$538,271	$477,412	$647,347	$60,859
2018	$534,749	$474,860	$562,273	$59,889