Historic Ritz Theatre Inc (EIN 311481807) - 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

1966

Legal Domicile

Phone

8632062914

Tax Period

2022-01-01 to 2022-12-31

Historic Ritz Theatre Inc, founded in 1966, is a small nonprofit in the Unknown sector that reported $193K in total revenue in fiscal year 2022. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $235K exceeded revenue, resulting in a 22% operating deficit.

Mission

TO PROMOTE THE ARTS, ARTS EDUCATION AND COMMUNITY OUTREACH.

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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 $123,483

Program Service Revenue $71,140

Investment Income $0

Other Revenue $-1,313

TOTAL REVENUE $193,310

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,669

Fundraising Expenses $0

Program Expenses $231,799

Other Expenses $148,534

TOTAL EXPENSES $235,203

Year-over-Year Comparison

	2022	2021	Change
Revenue	$193,310	$138,305	+0.4%
Expenses	$235,203	$133,924	+0.8%
Net Income	$-41,893	$4,381	-10.6%

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

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
Thomas R Oldt	Director	5.00	Director	$0	$0	$0
Judy B Cleaves	Director	5.00	Officer Director	$0	$0	$0
Dexter Brown	Director	5.00	Director	$0	$0	$0
Kim Short	Secretary	5.00	Officer Director	$0	$0	$0
Matt Frazier	Director	5.00	Director	$0	$0	$0
Austin Tharp	Director	5.00	Director	$0	$0	$0
JD Dobratz	Vice President	5.00	Director	$0	$0	$0
Steve Kalogridis	Director	5.00	Director	$0	$0	$0
Bea Hancock	Director	5.00	Director	$0	$0	$0
Gannon Olmert	President	5.00	Officer Director	$0	$0	$0
Caorlyn Kerr	Director	5.00	Director	$0	$0	$0
Mark Turner	Director	5.00	Director	$0	$0	$0
JaQuis McCullough	Treasurer	5.00	Director	$0	$0	$0
Tom Westberry	Director	5.00	Director	$0	$0	$0
Sara Beth Wyatt	Director	5.00	Director	$0	$0	$0
Gary Schemmer	Director	5.00	Director	$0	$0	$0
Anita Strang	Director	5.00	Director	$0	$0	$0
Steven Maynard	Director	5.00	Director	$0	$0	$0
Brian Yates	Director	5.00	Director	$0	$0	$0
Richard Morell	Director	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
2022	$193,310	$235,203	$1,656,772	$-41,893
2021	$138,305	$133,924	$1,709,313	$4,381
2019	$226,875	$127,283	$1,726,969	$99,592
2018	$79,702	$121,474	$1,721,174	$-41,772
2017	$66,290	$140,408	$1,790,238	$-74,118

Historic Ritz Theatre Inc