CLASSIC THEATRE OF MARYLAND 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

2010

Legal Domicile

Principal Officer

Sally Boyett

Phone

4102801773

Tax Period

2023-01-01 to 2023-12-31

CLASSIC THEATRE OF MARYLAND INC, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $636K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $616K left a modest 3% surplus.

Mission

Classic Theatre of Marylands mission is to produce bold re-imagined entertaining and accessible interpretations of classical works contemporary plays and musicals with a core commitment to the works of Shakespeare and other major dramatists. CTM is committed to promoting the highest level of artistic excellence to cultivating the widest possible audience and to contributing to the economic and cultural growth of our community state and region with the following experiences and programs: * Year-Round Season of Professional Theatre * Educational Artist-in-Residence Programs * Pre-professional Training and Internship Programs Classic Theatre of Maryland enriches the human community through the revelation of beauty and the illumination of fundamental truths of human experience.

Program Service Accomplishments

Program 1

Expenses: $266,550 Revenue: $411,500

Ticket Sales - tickets to our season of plays musicals and cabarets including THE LEARNED LADIES OUR TOWN THE TEMPEST WHITE CHRISTMAS and A CHRISTMAS CAROL on the Main Stage THE MISER in the outdoor courtyard at Reynolds Tavern 24 monthly Cabaret performances in collaboration with the Unified Jazz Ensemble including The Best of the 1920s The Best of the 1930s The Best of the 1940s The Best of the 1950s The Best of the 1960s The Best of the 1970s The Best of the 1980s The Blues American Jazz Standards Latin Jazz Standards The Best of the 30s and 40s and The Best of the 50s and 60s.

Program 2

Expenses: $8,250 Revenue: $26,000

Educational classes and workshops including student matinees of our main stage productions: OUR TOWN THE TEMPEST A CHRISTMAS CAROL and WHITE CHRISTMAS. We produced a Shakespeareance Workshop for Anne Arundel County Public Schools. We offered internships through Anne Arundel County Public Schools for rising seniors for our summer production of THE TEMPEST.

Program 3

Expenses: $199,000 Revenue: $35,000

Main Stage Studio and Cabaret Rental. We continued our relationship with other artists bands and a small church to rent our space when we werent using it.

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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 $163,411

Program Service Revenue $472,500

Investment Income $0

Other Revenue $0

TOTAL REVENUE $635,911

Expense Breakdown

Grants Paid $0

Salaries & Benefits $84,800

Fundraising Expenses $0

Program Expenses $473,800

Other Expenses $530,999

TOTAL EXPENSES $615,799

Year-over-Year Comparison

	2023	2022	Change
Revenue	$635,911	$555,439	+0.1%
Expenses	$615,799	$568,933	+0.1%
Net Income	$20,112	$-13,494	-2.5%

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

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

$109,998

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sally Boyett	Producing Artistic Director	54.00	Key Emp	$54,999	$54,999	$109,998

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
2023	$635,911	$615,799	$295,482	$20,112
2022	$555,439	$568,933	$467,671	$-13,494
2021	$495,479	$495,479	$60,543	No data
2020	$183,543	$518,140	$38,953	$-334,597
2019	$545,369	$533,393	$74,359	$11,976
2018	$480,104	$493,126	$64,183	$-13,022