BLUE WATER THEATRE COMPANY (EIN 260707663) - 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

ELI ARONSON

Phone

9528559147

Tax Period

2023-10-01 to 2024-09-30

BLUE WATER THEATRE COMPANY, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $341K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO ELEVATE YOUTH THROUGH THEATRE ARTS EDUCATION.

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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 $74,403

Program Service Revenue $257,608

Investment Income $39

Other Revenue $8,512

TOTAL REVENUE $340,562

Expense Breakdown

Grants Paid $0

Salaries & Benefits $195,532

Fundraising Expenses $5,558

Program Expenses $296,046

Other Expenses $169,014

TOTAL EXPENSES $364,546

Year-over-Year Comparison

	2023	2022	Change
Revenue	$340,562	$313,759	+0.1%
Expenses	$364,546	$413,507	-0.1%
Net Income	$-23,984	$-99,748	-0.8%

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

150

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

$110,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIDEE SLATER	ARTISTIC DIRECTOR	40.00	Officer	$55,000	$0	$55,000
LELA OLSON	MANAGING DIRECTOR	40.00	Officer	$55,000	$0	$55,000
JEFFREY PROTTAS	PRESIDENT	15.00	Officer Director	$0	$0	$0
ELI ARONSON	TREASURER	10.00	Officer Director	$0	$0	$0
LINH GILLES	BOARD MEMBER	2.00	Director	$0	$0	$0
JANESSA PRAWER	BOARD MEMBER	2.00	Director	$0	$0	$0
ALLI ST JOHN	BOARD MEMBER	2.00	Director	$0	$0	$0
ANN JOHNSON STEWART	BOARD 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	$340,562	$364,546	$659,348	$-23,984
2023	$313,759	$413,507	$654,429	$-99,748
2022	$252,917	$291,673	$794,485	$-38,756
2021	$272,370	$251,971	$832,850	$20,399
2020	$295,730	$263,794	$896,610	$31,936
2019	$314,002	$317,127	$755,785	$-3,125
2018	$324,760	$291,258	$785,685	$33,502

BLUE WATER THEATRE COMPANY