STUDIO PLAYERS INC

EIN: 310987123 501(c)(3)

LEXINGTON, KY

Total Revenue
$140,991
Total Expenses
$116,179
Total Assets
$592,889
Net Assets
$592,889
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
KY
Principal Officer
Evelyn Lear
Phone
8593124894
Tax Period
2024-07-01 to 2025-06-30

STUDIO PLAYERS INC, founded in 1952, is a small nonprofit that reported $141K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $25K, a strong 18% operating margin.

Mission

Studio Players Inc. is a non-profit community theatre in Lexington KY. Incorporated in 1952 the organizations mission is to provide the greater Lexington KY area with a wide array of live theatre production that will be enjoyed by a wide array of patrons produced by volunteers.

Program Service Accomplishments

Program 1
Expenses: $116,179 Revenue: $128,105

Studio Players has one Program Service: to provide quality theatrical performances to our Community at an affordable price-point. Organized in November 1952 the organization has been offering live...

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Studio Players has one Program Service: to provide quality theatrical performances to our Community at an affordable price-point. Organized in November 1952 the organization has been offering live theatre continuously since January 1953. We currently present 6 shows a year including a 10-minute Play Festival in August that has gained wide popularity. The organization does this with no permanent staff. Board members and other members of the theatre community provide the efforts to keep shows going. Even though our theatre seats only 120 people we still are successful in making a small profit each year. Current ticket prices are only $26 although Season Ticket holders pay a reduced price.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $27,469
Program Service Revenue $100,636
Investment Income $12,886
Other Revenue $0
TOTAL REVENUE $140,991

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $116,179
Other Expenses $114,270
TOTAL EXPENSES $116,179

Year-over-Year Comparison

2024 2023 Change
Revenue $140,991 $125,964 +0.1%
Expenses $116,179 $114,002 +0.0%
Net Income $24,812 $11,962 +1.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
50

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
5
$2,840
Total Directors
6
$2,441
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brett Ervin President 5.00
Officer
$70 $0 $70
Debbie Sharp Past President 5.00
Officer
$0 $0 $0
Dane Hosler President Elect 5.00
Officer
$470 $0 $470
Steve Meadows Secretary 5.00
Officer
$1,300 $0 $1,300
Evelyn Lear Treasurer 5.00
Officer
$1,000 $0 $1,000
Gary McCormick Trustee 3.00
Director
$900 $0 $900
Kat Collins Trustee 3.00
Director
$341 $0 $341
Ellen Hellard Trustee 3.00
Director
$400 $0 $400
Robert Kinstle Trustee 5.00
Director
$0 $0 $0
Rob Maddox Trustee 3.00
Director
$800 $0 $800
Bob Singleton Trustee 5.00
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
2025 $140,991 $116,179 $592,889 $24,812
2024 $125,964 $114,002 $568,077 $11,962
2023 $109,665 $95,498 $552,359 $14,167
2023 $109,665 $95,498 $552,359 $14,167
2022 $53,339 $85,204 $538,192 $-31,865
2022 $53,339 $85,204 $538,192 $-31,865
2021 $18,039 $38,415 $568,116 $-20,376
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