SANDUSKY STATE 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

1987

Legal Domicile

Principal Officer

BETHANY PARNELL

Phone

4196261347

Tax Period

2024-01-01 to 2024-12-31

SANDUSKY STATE THEATRE INC, founded in 1987, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.3M in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.6M, a strong 79% operating margin.

Mission

THE SANDUSKY STATE THEATRE WAS ORIGINALLY CREATED IN 1928 AND WAS REINVENTED SEVERAL TIMES SINCE ITS INCEPTION. THE ARTS, PARTICULARLY THE PERFORMING ARTS, ARE A REFLECTION AND A DOCUMENTATION OF OUR CULTURE AND SOCIETY. THEREFORE, IN ORDER TO SURVIVE THEY MUST EVOLVE, ADAPT, AND TRANSFORM; ECHOING WHAT IS HAPPENING IN THE REAL WORLD. FOR MORE THAN 80 YEARS, THE THEATRE HAS BEEN AN INTEGRAL PART OF THE GREATER SANDUSKY COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $107,194

PRESENT LIVE STAGE PRODUCTIONS AND FILMS OF CULTURAL AND EDUCATIONAL VALUE AND PROVIDE A FACILITY FOR OTHER ORGANIZATIONS TO PRESENT THEIR STAGE PRODUCTIONS.STORM DAMAGE IN JUNE 2020 HAS CREATED THE OPPORTUNITY FOR THE THEATRE TO REBUILD. THE THEATRE HAS BEEN FOCUSED ON REBUILDING THE HISTORIC STAGE AND GUEST EXPERIENCE SINCE THAT TIME.

Program 2

Expenses: $128,835 Revenue: $90,133

CARYL CRANE YOUTH THEATRE (CCYT) PROVIDES OPPORTUNITIES FOR YOUNG PEOPLE TO BE PART OF AN ARTS EDUCATION PROGRAM. CCYT IS USING VARIOUS TEMPORARY LOCATIONS IN THE AREA AND WILL BECOME PART OF THE...

CARYL CRANE YOUTH THEATRE (CCYT) PROVIDES OPPORTUNITIES FOR YOUNG PEOPLE TO BE PART OF AN ARTS EDUCATION PROGRAM. CCYT IS USING VARIOUS TEMPORARY LOCATIONS IN THE AREA AND WILL BECOME PART OF THE PERMANENT PROGRAMS AND ACTIVITIES TO BE OFFERED ONCE THE THEATRE REOPENS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,511,063

Program Service Revenue $90,133

Investment Income $1,656,646

Other Revenue $0

TOTAL REVENUE $3,257,842

Expense Breakdown

Grants Paid $0

Salaries & Benefits $398,292

Fundraising Expenses $160,411

Program Expenses $236,029

Other Expenses $288,845

TOTAL EXPENSES $687,137

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,257,842	$4,939,243	-0.3%
Expenses	$687,137	$805,722	-0.1%
Net Income	$2,570,705	$4,133,521	-0.4%

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

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

$116,013

Total Directors