Richmond, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)The Byrd Theatre Foundation, founded in 2002, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 106% from the prior year, signaling strong growth momentum. The organization ran a surplus of $545K, a strong 28% operating margin.
TO PRESERVE THE LANDMARK BYRD THEATRE WHILE PROVIDING UNIQUE EXPERIENCES FOR ALL WITH A VISION TO ESTABLISH THE BYRD THEATRE AS A PREMIER DESTINATION FOR OUR VISITORS TO ENCOUNTER EXCEPTIONAL EXPERIENCES THAT ENGAGE, EDUCATE, MOTIVATE, AND INSPIRE.
CAPACITY BUILDING FOR GROWTH:THE FOUNDATION CONTINUES TO EMPLOY A PROFESSIONAL STAFF TO OVERSEE THE DAY-TO-DAY OPERATIONS OF THE THEATRE AND HAS MADE MAJOR STRIDES IN CAPACITY BUILDING. AS OF JUNE...
CAPACITY BUILDING FOR GROWTH:THE FOUNDATION CONTINUES TO EMPLOY A PROFESSIONAL STAFF TO OVERSEE THE DAY-TO-DAY OPERATIONS OF THE THEATRE AND HAS MADE MAJOR STRIDES IN CAPACITY BUILDING. AS OF JUNE 30, 2024, THE FOUNDATION HAD SEVERAL FULL-TIME EMPLOYEES INCLUDING AN EXECUTIVE DIRECTOR, A GENERAL MANAGER, AND A DIRECTOR OF HISTORIC PRESERVATION AND CHIEF CURATOR, AND MULTIPLE PART-TIME EMPLOYEES TO COVER ACTIVITIES RANGING FROM MANAGING THE THEATRE'S SOCIAL MEDIA TO WORKING FRONT OF HOUSE AND PROJECTION POSITIONS. THE FOUNDATION RAISED AND USED FUNDS FOR THE REPLACEMENT OF AN AGED AND NON-FUNCTIONING HVAC CHILLER SYSTEM.
RESTORATION AND IMPROVEMENTS TO THE THEATRE:LISTED ON THE STATE AND NATIONAL REGISTERS OF HISTORIC LANDMARKS, THE BYRD THEATRE OPENED NINETY-SIX YEARS AGO ON DECEMBER 24, 1928. IT HAS REMAINED...
RESTORATION AND IMPROVEMENTS TO THE THEATRE:LISTED ON THE STATE AND NATIONAL REGISTERS OF HISTORIC LANDMARKS, THE BYRD THEATRE OPENED NINETY-SIX YEARS AGO ON DECEMBER 24, 1928. IT HAS REMAINED OPERATIONAL AND NEARLY UNCHANGED SINCE THE DAY CONSTRUCTION WAS COMPLETED. IN 2011, THE BYRD THEATRE FOUNDATION LAUNCHED A BOLD INITIATIVE TO RAISE THE FIRST $1,800,000 FOR PHASE ONE RESTORATION PROJECTS, MORTGAGE REDUCTION AND CAPACITY BUILDING. SIGNIFICANT ACHIVEMENTS INCLUDED REPLACEMENT OF THE ROOF, REPLACEMENTS OF THE THEATRE'S HEATING AND COOLING SYSTEMS, INSTALLATION OF A DIGITAL SERVER, INSTALLATION OF A NEW STATE-OF-THE-ART 4K PROJECTOR, ONGOING MAINTENANCE AND REPAIRS ON THE MIGHTY WURLITZER ORGRAN. MORE RECENT WORK HAS INCLUDED REPAIR AND RESTORATION OF THE THEATRE'S PLASTERWORK, INSTALLATION OF A POINT-OF-SALE SYSTEM AT THE THEATRE, REPLACEMNET OF THE THEATRE'S CENTER SECTION OF SEATS IN THE MAIN AUDITORIUM, CREATION OF A WHEELCHAIR ACCESSIBLE SEATING AREA AND CONSTRUCTION OF AN ADA FAMILY RESTROOM ON THE FIRST FLOOR OF THE THEATRE. THIS PAST YEAR, THE FOUNDATION RAISED THE NECESSARY FUNDS AND REPLACAED ITS HVAC CHILLER UNIT AS WELL AS INSTALLING A NEW BUILDING AUTOMATION SYSTEM CONTROLS WHICH WILL BE USED TO CONTROL THE HEATING AND COOLING SYSTEM REMOTELY.
EVOLVING THE BYRD AS A CENTER FOR FILM, FILM LITERACY, AND PROGRAM EXPANSION:THE FOUNDATION HAS WORKED HARD TO EXPAND ITS AUDIENCE REACH. TO ACHIEVE THIS GOAL, THE FOUNDATION HAS PARTNERED WITH...
EVOLVING THE BYRD AS A CENTER FOR FILM, FILM LITERACY, AND PROGRAM EXPANSION:THE FOUNDATION HAS WORKED HARD TO EXPAND ITS AUDIENCE REACH. TO ACHIEVE THIS GOAL, THE FOUNDATION HAS PARTNERED WITH MULTIPLE FILM FESTIVALS AS THE HOST VENUE, INCLUDING THE RICHMOND INTERNATIONAL FILM FESTIVAL AND THE RICHMOND ANIMATION FESTIVAL. EACH FILM FESTIVAL BRINGS IN HUNDREDS OF PATRONS TO THE THEATRE EACH YEAR. DURING THE PAST YEAR, THE FOUNDATION SUCCESSFULLY COMPLETED A CONTRACT WITH AN ARCHITECTURAL FIRM THAT PRODUCED A MECHANICAL, ENGINEERING, AND PLUMBING REPORT AND A CONCEPT AND FEASIBILITY STUDY, BOTH OF WHICH WILL BE USED TO REHABILITATE THE THEATRE. AND, FINALLY, THE THEATRE HAS CONTINUED TO COLLABORATE WITH THE CARYTOWN MERCHANTS ASSOCIATION TO PROGRAM ACTIVITIES FOR THE COMMUNITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,982,695 | $962,885 | +1.1% |
| Expenses | $1,437,414 | $1,457,125 | 0.0% |
| Net Income | $545,281 | $-494,240 | -2.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Martin Davenport | Chair | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Frank Rizzo | Vice Chair/Treasurer | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Chris Banta | Secretary | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Jeannie Welliver | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Robin Ashworth | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Dr Keith Miller | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| James Munsey | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Clement Teden | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| John Spacek | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Kevin Brandt | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Bob Ulrich | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Wayne Dementi | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Larry Davis | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Dick Luck | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Laura Bacon | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Lin Lunde | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Liz Tyler | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Virginia Bertholet | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Larry Mills | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Ben Cronly | Executive Director | 40.00 |
Officer
|
$68,989 | $1,376 | $70,365 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $1,982,695 | $1,437,414 | $2,670,570 | $545,281 |
| 2023 | $962,885 | $1,457,125 | $2,094,923 | $-494,240 |
| 2022 | $1,416,918 | $1,110,075 | $2,615,720 | $306,843 |
| 2021 | $563,364 | $640,642 | $1,935,860 | $-77,278 |
| 2020 | $676,854 | $549,961 | $2,157,495 | $126,893 |
| 2019 | $722,736 | $244,179 | $1,837,940 | $478,557 |
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