STRANAHAN THEATER TRUST

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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

1969

Legal Domicile

Principal Officer

JOSEPH SANTIAGO

Phone

4193818851

Tax Period

2024-09-01 to 2025-08-31

STRANAHAN THEATER TRUST, founded in 1969, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.7M in total revenue in fiscal year 2024. Expenses of $2.4M left a modest 10% surplus.

Mission

THE STRANAHAN THEATER TRUST PROVIDES A WIDE VARIETY OF PROGRAMMING AND PERFORMING ARTS EXPERIENCES FOR DIVERSE AUDIENCES THAT ENRICH THE QUALITY OF LIFE IN OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,920,995 Revenue: $2,104,568

THE STRANAHAN THEATER TRUST WAS ESTABLISHED AS A NON-PROFIT IN 1969 AND HAS OPERATED CONTINUOUSLY SINCE THEN. OPERATING AS THE STRANAHAN, IT HAS BEEN USED AS A PREMIER NON-PROFIT VENUE BY CITIZENS...

THE STRANAHAN THEATER TRUST WAS ESTABLISHED AS A NON-PROFIT IN 1969 AND HAS OPERATED CONTINUOUSLY SINCE THEN. OPERATING AS THE STRANAHAN, IT HAS BEEN USED AS A PREMIER NON-PROFIT VENUE BY CITIZENS THROUGHOUT NORTHWEST OHIO AND SOUTHEAST MICHIGAN. WITH A CAPACITY OF NEARLY 2,400 SEATS, THE STRANAHAN IS THE LARGEST PROSCENIUM STAGE THEATER IN NORTHWEST OHIO. THE STRANAHAN IS HOST TO LOCAL DANCE RECITALS, GRADUATIONS, ORCHESTRAS, OTHER LOCAL NON-PROFITS, WEDDINGS, DANCE COMPETITIONS, AS WELL AS NATIONAL ACTS AND BROADWAY. WITH ITS WIDE VARIETY OF PROGRAMMING, WE ARE ABLE TO ENHANCE THE QUALITY OF LIFE OF THE PATRONS WE SERVE.

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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 $488,992

Program Service Revenue $2,104,568

Investment Income $113,133

Other Revenue $0

TOTAL REVENUE $2,706,693

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,920,995

Other Expenses $2,442,431

TOTAL EXPENSES $2,442,431

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,706,693	$2,829,772	0.0%
Expenses	$2,442,431	$2,317,583	+0.1%
Net Income	$264,262	$512,189	-0.5%

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
MICHAEL BELL	CHAIRMAN	0.50	Officer Director	$0	$0	$0
OLIVIA SUMMONS	VICE CHAIR	0.50	Officer Director	$0	$0	$0
SCOTT FOUGHT	TREASURER	0.50	Officer Director	$0	$0	$0
WILLIAM FOSTER	TRUSTEE (ENDING 12/31/24)	0.50	Director	$0	$0	$0
JARED LEFEVRE	TRUSTEE	0.50	Director	$0	$0	$0
JEFFREY MAXIE	TRUSTEE	0.50	Director	$0	$0	$0
JANET SKUNDA	TRUSTEE	0.50	Director	$0	$0	$0
STEVE MILLER	GENERAL MANAGER (9/1/24-12/15/24)	40.00	Officer	$0	$0	$0
JOSEPH SANTIAGO	GENERAL MANAGER (BEG 12/15/24)	40.00	Officer	$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
2025	$2,706,693	$2,442,431	$6,757,085	$264,262
2024	$2,829,772	$2,317,583	$6,609,858	$512,189
2023	$3,025,794	$2,287,913	$6,778,294	$737,881
2023	$3,025,794	$2,287,913	$6,778,294	$737,881
2022	$3,576,778	$2,199,243	$12,205,834	$1,377,535