SANDUSKY STATE THEATRE INC (EIN 341568622) - 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

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 IS AN HISTORIC LANDMARK THAT ENHANCES THE LIVES OF THE RESIDENTS OF NORTH CENTRAL OHIO BY PROVIDING A VARIETY OF PROGRAMS OF ARTISTIC, EDUCATIONAL, AND SOCIAL VALUE.

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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

$116,013

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS PARTHEMORE	EXECUTIVE DIRECTOR	40.00	Officer Director	$116,013	$0	$116,013
KIM REDFERN	PRESIDENT	2.00	Officer Director	$0	$0	$0
LILLIAN SHAFFER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LESLIE MURRAY	SECRETARY	2.00	Officer Director	$0	$0	$0
BETHANY PARNELL	TREASURER	2.00	Officer Director	$0	$0	$0
COLLEEN SHAY MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
BETH MAIDEN	DIRECTOR	1.00	Director	$0	$0	$0
GINA MILKIE	DIRECTOR	1.00	Director	$0	$0	$0
RYAN WHALEY	DIRECTOR	1.00	Director	$0	$0	$0
DR ANDREW ZUCHER	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY NORMINGTON-SLAY	DIRECTOR	1.00	Director	$0	$0	$0
MARCUS HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
TIM PARKISON	DIRECTOR	1.00	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
2024	$3,257,842	$687,137	$42,730,186	$2,570,705
2023	$4,939,243	$805,722	$34,754,595	$4,133,521
2022	$4,966,583	$554,932	$26,880,833	$4,411,651
2021	$13,494,330	$522,445	$21,882,808	$12,971,885
2020	$4,631,030	$683,967	$8,872,296	$3,947,063
2019	$998,650	$1,078,048	$4,778,968	$-79,398
2018	$1,005,289	$1,063,272	$4,738,425	$-57,983

SANDUSKY STATE THEATRE INC