GARDEN THEATRE INC (EIN 272577059) - 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

2010

Legal Domicile

Principal Officer

RICH TAYLOR

Phone

4078774736

Tax Period

2023-06-01 to 2024-05-31

GARDEN THEATRE INC, founded in 2010, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum. Expenses of $3.3M exceeded revenue, resulting in a 53% operating deficit.

Mission

INSPIRES DISCOVERY THROUGH ARTISTIC EXPERIENCES THAT ARE INNOVATIVE, IMPACTFUL, AND INCLUSIVE.

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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 $495,099

Program Service Revenue $1,553,227

Investment Income $457

Other Revenue $83,449

TOTAL REVENUE $2,132,232

Expense Breakdown

Grants Paid $0

Salaries & Benefits $701,849

Fundraising Expenses $86,778

Program Expenses $2,926,294

Other Expenses $2,569,825

TOTAL EXPENSES $3,271,674

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,132,232	$1,369,323	+0.6%
Expenses	$3,271,674	$2,487,427	+0.3%
Net Income	$-1,139,442	$-1,118,104	+0.0%

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

250

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

$28,332

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICH TAYLOR	CHAIR	3.00	Officer Director	$0	$0	$0
DAVID BALTREE	VICE CHAIR	3.00	Officer Director	$0	$0	$0
DAVID ROMANO	SECRETARY	3.00	Officer Director	$0	$0	$0
STEVE MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
KEITH SMITH	IMMEDIATE PAST CHAIR	3.00	Officer Director	$0	$0	$0
LAUREN CARDONA	DIRECTOR	1.00	Director	$0	$0	$0
DIANA CHAMBER-RINALDI	DIRECTOR	1.00	Director	$0	$0	$0
JO-EL GONZALEZ	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW JASSAK	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA ROPER	EMERITUS TRUSTEE	1.00	Director	$0	$0	$0
GREG MASON	DIRECTOR	1.00	Director	$0	$0	$0
DR JEFFREY REDDING	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE WEINBURG	DIRECTOR	1.00	Director	$0	$0	$0
BECKY ROPER	EMERITUS TRUSTEE	1.00	Director	$0	$0	$0
KEITH DAVENPORT	CEO	40.00	Officer	$28,332	$0	$28,332

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	$2,132,232	$3,271,674	$414,785	$-1,139,442
2023	$1,369,323	$2,487,427	$1,324,678	$-1,118,104
2022	$3,042,219	$2,003,589	$2,367,031	$1,038,630
2021	$1,486,833	$1,450,159	$1,528,669	$36,674
2020	$1,756,174	$1,678,968	$1,657,836	$77,206
2019	$1,842,771	$1,723,502	$1,590,614	$119,269

GARDEN THEATRE INC