WELLINGTON RITZ THEATRE INC (EIN 260377669) - 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

2007

Legal Domicile

Principal Officer

MELANIE BAUMGARDNER

Phone

8064470090

Tax Period

2023-01-01 to 2023-12-31

WELLINGTON RITZ THEATRE INC, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $373K in total revenue in fiscal year 2023. Revenue fell 75% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $102K, a strong 27% operating margin.

Mission

NOT-FOR-PROFIT ORGANIZATION THAT EXISTS TO MAINTAIN, PROMOTE AND OPERATE THE HISTORIC RITZ THEATRE IN DOWNTOWN WELLINGTON, TEXAS AS A REGIONAL CENTER FOR ARTS AND CULTURE EDUCATION AND POPULAR CINEMA.

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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 $252,996

Program Service Revenue $0

Investment Income $0

Other Revenue $119,914

TOTAL REVENUE $372,910

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,540

Fundraising Expenses $0

Program Expenses $270,573

Other Expenses $216,033

TOTAL EXPENSES $270,573

Year-over-Year Comparison

	2023	2022	Change
Revenue	$372,910	$1,469,254	-0.7%
Expenses	$270,573	$240,355	+0.1%
Net Income	$102,337	$1,228,899	-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

N/A

Independent Members

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB OWENS	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN MIXON	DIRECTOR	1.00	Director	$0	$0	$0
ALISON WOOD	DIRECTOR	1.00	Director	$0	$0	$0
ODILIA CANTU	DIRECTOR	1.00	Director	$0	$0	$0
EDDIE LANGFORD	DIRECTOR	1.00	Director	$0	$0	$0
JANISE LANGFORD	DIRECTOR	1.00	Director	$0	$0	$0
MARK LEMONS	DIRECTOR	1.00	Director	$0	$0	$0
VADA WOOD	DIRECTOR	1.00	Director	$0	$0	$0
MARGRET WOOD	PRESIDENT	1.00	Officer	$0	$0	$0
DREW THORNBERRY	VICE-PRESIDENT	1.00	Officer	$0	$0	$0
KATHERINE REEVES	SECRETARY	1.00	Officer	$0	$0	$0
TONI CUMMINGS	TREASURER	1.00	Officer	$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	No data	No data	No data	No data
2023	$372,910	$270,573	$1,643,608	$102,337
2022	$1,469,254	$240,355	$1,541,521	$1,228,899
2021	$470,468	$295,632	$315,346	$174,836
2020	$238,695	$259,785	$139,341	$-21,090
2019	$318,744	$321,548	$160,634	$-2,804
2018	$225,785	$253,465	$164,492	$-27,680

WELLINGTON RITZ THEATRE INC