STATE THEATRE OF ITHACA INC (EIN 300520118) - 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

2009

Legal Domicile

Principal Officer

ETHAN ASH

Phone

6072778283

Tax Period

2024-07-01 to 2025-06-30

STATE THEATRE OF ITHACA INC, founded in 2009, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year.

Mission

THE ORGANIZATION'S MISSION IS TO ENHANCE THE CULTURE LIFE OF ITHACA AND THE FINGER LAKES BY PRESERVING, OPERATING, AND PROMOTING THE ORGANIZATION AS AN ACTIVE VENUE FOR NATIONAL, INTERNATIONAL, AND COMMUNITY PERFORMANCES AND PROGRAMMING.

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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 $567,559

Program Service Revenue $647,610

Investment Income $457

Other Revenue $31,768

TOTAL REVENUE $1,247,394

Expense Breakdown

Grants Paid $0

Salaries & Benefits $600,936

Fundraising Expenses $121,581

Program Expenses $933,815

Other Expenses $704,399

TOTAL EXPENSES $1,305,335

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,247,394	$1,520,545	-0.2%
Expenses	$1,305,335	$1,255,356	+0.0%
Net Income	$-57,941	$265,189	-1.2%

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

173

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

$87,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRED BONN	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
WENDY MARSH	DIRECTOR	2.00	Director	$0	$0	$0
KIM YEOH	TREASURER	2.00	Officer Director	$0	$0	$0
ETHAN ASH	PRESIDENT	2.00	Officer Director	$0	$0	$0
ERIK GRAY	DIRECTOR	2.00	Director	$0	$0	$0
SUZANNE SMITH JABLONSKI	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JON JENSEN	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL KUO	DIRECTOR	2.00	Director	$0	$0	$0
ELLEN MCCOLLISTER	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT NOSTRAND	DIRECTOR	2.00	Director	$0	$0	$0
NIA NUNN	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS KNIPE	SECRETARY	2.00	Officer Director	$0	$0	$0
JENNIFER TAVARES	EXEC OFFICER AT LARGE	2.00	Officer Director	$0	$0	$0
MIKE MOYER	DIRECTOR	2.00	Director	$0	$0	$0
DOUG LEVINE	EXECUTIVE DIRECTOR	40.00	Officer	$87,000	$0	$87,000

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
2025	$1,247,394	$1,305,335	$2,024,098	$-57,941
2024	$1,520,545	$1,255,356	$1,838,207	$265,189
2023	$1,186,882	$1,059,158	$1,706,094	$127,724
2022	$1,377,500	$983,785	$1,467,222	$393,715
2021	$586,872	$546,050	$1,173,421	$40,822

STATE THEATRE OF ITHACA INC