THE CONTEMPORARY THEATRE OF OHIO

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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

1986

Legal Domicile

Principal Officer

ED HOFMANN

Phone

6144691045

Tax Period

2022-07-01 to 2023-06-30

THE CONTEMPORARY THEATRE OF OHIO, founded in 1986, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2022. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE CONTEMPORARY THEATRE OF OHIO'S MISSION IS TO HARNESS THE TRANSFORMATIONAL POWER OF THEATRE THAT ENGAGES WITH OUR CURRENT MOMENT TO INSPIRE A COMMUNITY OF EMPATHY.

Program Service Accomplishments

Program 1

Expenses: $624,326 Revenue: $167,568

ADULT THEATRE:THE CONTEMPORARY THEATRE OF OHIO (THE COMPANY) PRODUCED FOUR MAJOR PLAYS, ONE OF WHICH WAS A MUSICAL IN THE 2022-23 SEASON. AN IN-PERSON AUDIENCE OF MORE THAN 5,000 WERE REACHED THROUGH...

Program 2

Expenses: $128,751 Revenue: $69,600

EDUCATION AND COMMUNITY OUTREACH: THE COMPANY HAS A ROBUST EDUCATIONAL PROGRAM. IT PROVIDES INTERDISCIPLANARY ARTS LEARNING THROUGH DRAMA/THEATRE TECHNIQUES IN PUBLIC AND PRIVATE SCHOOLS IN FRANKLIN AND ITS CONTIGUOUS COUNTIES. IT ALSO PROVIDES AUTUMN, WINTER AND SPRING SATURDAY MORNING CLASSES AND A SERIES OF SUMMER CAMPS AND DRAMA. THE COMPANY ALSO USES DRAMA AS A DELIVERY SYSTEM FOR ADULT LEARNING. IT FREQUENTLY COLLABORATES WITH LOCAL SOCIAL SERVICE AND SOCIAL JUSTICE AGENCIES.

Program 3

Expenses: $43,170 Revenue: $4,765

CHILDREN'S THEATRE:THE COMPANY ALSO PRODUCED A NEW WORKS FESTIVAL FOR YOUNG AUDIENCES. THE COMPANY REACHED OVER 300 CHILDREN AND YOUND PEOPLE THROUGH ITS PERFORMANCES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $761,858

Program Service Revenue $241,933

Investment Income $591

Other Revenue $2,951

TOTAL REVENUE $1,007,333

Expense Breakdown

Grants Paid $0

Salaries & Benefits $636,165

Fundraising Expenses $93,830

Program Expenses $796,247

Other Expenses $478,083

TOTAL EXPENSES $1,114,248

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,007,333	$1,380,495	-0.3%
Expenses	$1,114,248	$1,204,841	-0.1%
Net Income	$-106,915	$175,654	-1.6%

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

110

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

$192,534

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ED HOFMANN	PRESIDENT	5.00	Officer Director	$0	$0	$0
JOSHUA SCHONAUER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BLYTHE COONS	SECRETARY	2.00	Officer Director	$0	$0	$0
KATHLEEN M FOX	TREASURER	2.00	Officer Director	$0	$0	$0
SONYA M BROWN	DIRECTOR	2.00	Director	$0	$0	$0
MARY FILICE	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL C GRIFFATON	DIRECTOR	2.00	Director	$0	$0	$0
DR JEFF S KEYES	DIRECTOR	2.00	Director	$0	$0	$0
ALEXA KONSTANTINOS	DIRECTOR	2.00	Director	$0	$0	$0
BRAD RICHEY	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL V WIBLE	DIRECTOR	2.00	Director	$0	$0	$0
TIMOTHY S WILSON	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTY FARNBAUCH	EXECUTIVE DIRECTOR	40.00	Officer	$90,000	$6,712	$96,712
LEDA HOFFMANN	ARTISTIC DIRECTOR	40.00	Officer	$90,000	$5,822	$95,822

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,007,333	$1,114,248	$807,561	$-106,915
2022	$1,380,495	$1,204,841	$874,061	$175,654
2021	$923,376	$715,313	$786,486	$208,063
2020	$1,058,473	$1,102,725	$696,814	$-44,252
2019	$1,213,842	$1,255,648	$762,031	$-41,806
2018	$1,289,578	$1,291,105	$689,646	$-1,527