CLEVELAND PUBLIC THEATRE INC

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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

1981

Legal Domicile

Principal Officer

RAYMOND BOBGAN

Phone

2166312727

Tax Period

2022-07-01 to 2023-06-30

CLEVELAND PUBLIC THEATRE INC, founded in 1981, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.4M in total revenue in fiscal year 2022. Revenue decreased 7% compared to the prior year. Expenses of $2.8M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO RAISE CONSCIOUSNESS AND NURTURE COMPASSION THROUGH GROUND-BREAKING PERFORMANCES AND LIFE-CHANGING EDUCATIONAL PROGRAMS

Program Service Accomplishments

Program 1

Expenses: $1,450,020 Revenue: $126,051

PERFORMANCES WERE ATTENDED BY 14,321 PATRONS, BROADENING THE PUBLIC'S EXPOSURE TO CONTEMPORARY THEATRE ART.

Program 2

Expenses: $745,001 Revenue: $130,260

PUBLIC AWARENESS WAS RAISED AND FUTURE THEATRE TALENT DEVELOPED THROUGH THE PRESENTATION OF THEATRE ART WORKSHOPS AND OTHER EDUCATION OUTREACH PROGRAMS. PROGRAMS ENGAGED 624 PARTICIPANTS. 1,522...

PUBLIC AWARENESS WAS RAISED AND FUTURE THEATRE TALENT DEVELOPED THROUGH THE PRESENTATION OF THEATRE ART WORKSHOPS AND OTHER EDUCATION OUTREACH PROGRAMS. PROGRAMS ENGAGED 624 PARTICIPANTS. 1,522 PATRONS VIEWED THE FINAL PERFORMANCE WORK OF THESE PARTICIPANTS.

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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 $1,935,183

Program Service Revenue $242,667

Investment Income $79,803

Other Revenue $142,393

TOTAL REVENUE $2,400,046

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,590,707

Fundraising Expenses $191,418

Program Expenses $2,195,021

Other Expenses $1,228,200

TOTAL EXPENSES $2,818,907

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,400,046	$2,592,918	-0.1%
Expenses	$2,818,907	$2,249,986	+0.3%
Net Income	$-418,861	$342,932	-2.2%

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

Volunteers

232

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

$125,414

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP OLISS	PRESIDENT	4.00	Officer Director	$0	$0	$0
KEVYN SHAW	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
ANDREW WATTERSON	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
TIFFANY WRIGHT	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
KEN GREANY	TREASURER	4.00	Officer Director	$0	$0	$0
NATOYA WALKER MINOR	SECRETARY	4.00	Officer Director	$0	$0	$0
DR RONNIE A DUNN	DIRECTOR	2.00	Director	$0	$0	$0
LINDSIE EVERETT	DIRECTOR	2.00	Director	$0	$0	$0
NANCY KELSEY	DIRECTOR	2.00	Director	$0	$0	$0
ALMA KHOURY KORKOR	DIRECTOR	2.00	Director	$0	$0	$0
OMAR KURDI	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT ADDISON LAMPLEY	DIRECTOR	2.00	Director	$0	$0	$0
PATRICIA LEEBOVE	DIRECTOR	2.00	Director	$0	$0	$0
CINDY MARX	DIRECTOR	4.00	Director	$0	$0	$0
JOANNE MONTAGNER-HULL	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL PETRICIG	DIRECTOR	2.00	Director	$0	$0	$0
KRISTOFER SPREEN	DIRECTOR	2.00	Director	$0	$0	$0
MATT WILHELM	DIRECTOR	2.00	Director	$0	$0	$0
RAYMOND BOBGAN	EXEC. ARTISTIC DIR.	40.00	Officer	$124,190	$1,224	$125,414

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	$2,400,046	$2,818,907	$8,087,984	$-418,861
2022	$2,592,918	$2,249,986	$8,561,883	$342,932
2021	$2,228,744	$1,849,166	$8,509,740	$379,578
2020	$1,422,959	$2,138,647	$7,816,085	$-715,688
2019	$2,178,969	$2,441,627	$8,595,037	$-262,658
2018	$2,478,063	$2,309,043	$8,700,534	$169,020