MAJESTIC THEATRE INC (EIN 311288939) - 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

1990

Legal Domicile

Principal Officer

GENE HOYET

Phone

7407722041

Tax Period

2023-07-01 to 2024-06-30

MAJESTIC THEATRE INC, founded in 1990, is a small nonprofit in the Recreation & Sports sector that reported $345K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $384K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROMOTE INTEREST IN THE LOCAL AND SURROUNDING AREA IN THE THEATER, AND TO PRESERVE AND RENOVATE THE HISTORICALLY SIGNIFICANT MAJESTIC THEATRE.

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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 $61,422

Program Service Revenue $235,316

Investment Income $22

Other Revenue $47,894

TOTAL REVENUE $344,654

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $366,455

Other Expenses $384,320

TOTAL EXPENSES $384,320

Year-over-Year Comparison

	2023	2022	Change
Revenue	$344,654	$516,350	-0.3%
Expenses	$384,320	$256,249	+0.5%
Net Income	$-39,666	$260,101	-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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GENE HOYET	PRESIDENT	4.00	Officer Director	$0	$0	$0
MELODY YOUNG	TREASURER	0.00	Officer Director	$0	$0	$0
GENE BETTS	SECRETARY	0.00	Officer Director	$0	$0	$0
DAVID BLOSSER	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
CARIE WOLFE	BOARD MEMBER	0.00	Director	$0	$0	$0
JEFF RAGLAND	BOARD MEMBER	0.00	Director	$0	$0	$0
GREG KEMPTON	BOARD MEMBER	0.00	Director	$0	$0	$0
LORI GRAVES	BOARD MEMBER	0.00	Director	$0	$0	$0
TAMI SCHUMAKER	BOARD MEMBER	0.00	Director	$0	$0	$0
TASHIA NORMAN	BOARD MEMBER	0.00	Director	$0	$0	$0
CHERYL BARLAGE	BOARD MEMBER	0.00	Director	$0	$0	$0
KAREN BLOSSER	BOARD MEMBER	0.00	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	No data	No data	No data	No data
2024	$344,654	$384,320	$1,828,814	$-39,666
2023	$516,350	$256,249	$1,868,443	$260,101
2022	$468,914	$201,459	$1,608,327	$267,455
2021	$184,492	$137,453	$1,340,481	$47,039
2020	$148,952	$188,818	$1,293,655	$-39,866
2019	$816,411	$165,979	$1,333,511	$650,432

MAJESTIC THEATRE INC