WEATHERVANE COMMUNITY PLAYHOUSE

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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

1946

Legal Domicile

Principal Officer

KEVIN LAMBES

Phone

3308362323

Tax Period

2024-08-01 to 2025-07-31

WEATHERVANE COMMUNITY PLAYHOUSE, founded in 1946, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $361K, a strong 19% operating margin.

Mission

WEATHERVANE'S MISSION IS TO ENRICH QUALITY OF LIFE AND ENGAGE THE COMMUNITY THROUGH THEATRE AND EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $870,148 Revenue: $779,643

WEATHERVANE PLAYHOUSE PROVIDES ITS COMMUNITY WITH LIVE THEATRICAL PERFORMANCES WITH VOLUNTEER ACTORS AND PRODUCTION SERVICES. THE OBJECTIVES OF THIS PROGRAM INCLUDE PRODUCING A FULL SEASON OF PLAYS AND MUSICAL GUIDED BY PROFESSIONAL DIRECTORS AND PROVIDING ONSTAGE AND BACKSTAGE EXPERIENCES FOR VOLUNTEER ACTORS AND TECHNICAL STAFF. WEATHERVANE PRODUCED A FULL SEASON OF SEVEN SHOWS TOTALING 101 PERFORMANCES. THESE PERFORMANCES SAW ATTENDANCE OF 24,239, A RATE OF 89% OF ALL AVAILABLE SEATING.

Program 2

Expenses: $224,122 Revenue: $131,146

WEATHERVANE'S EDUCATIONAL PROGRAMMING REACHES OVER 10,000 CHILDREN IN NORTHEAST OHIO AND BEYOND THROUGH ON AND OFF-SITE PROGRAMMING. THESE PROGRAMS INCLUDE ON-SITE CLASSES, WORKSHOPS, AND MASTER...

WEATHERVANE'S EDUCATIONAL PROGRAMMING REACHES OVER 10,000 CHILDREN IN NORTHEAST OHIO AND BEYOND THROUGH ON AND OFF-SITE PROGRAMMING. THESE PROGRAMS INCLUDE ON-SITE CLASSES, WORKSHOPS, AND MASTER CLASSES IN ADDITION TO OFF-SITE OUTREACH PROGRAMS WITHIN THE COMMUNITY. CLASSES OFFERED INCLUDE ACTING, IMPROVISATION, AUDITIONING, DANCE, VISUAL ARTS, VOCAL TRAINING, MUSICAL THEATRE SKILLS, AND MORE FOR AGES 3 AND UP. CLASSES ARE PROVIDED FOR CHILDREN AND ADULTS AT BEGINNING, INTERMEDIATE, AND ADVANCED SKILL LEVELS. WEATHERVANE'S CORE CLASS CURRICULUM PROVIDES EVERY STUDENT WITH EXCEPTIONAL, CONSISTENT, DRAMATIC TRAINING WHILE MEETING THE STATE ACADEMIC BENCHMARKS WITHIN THE APPLIED FINE ART, AND ARE IN LINE WITH STANDARDS SET BY AKRON PUBLIC SCHOOLS, FOR WHICH THE PLAYHOUSE PROVIDES EDUCATIONAL OPPORTUNITIES AT COMMUNITY LEARNING CENTERS.

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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 $706,316

Program Service Revenue $910,789

Investment Income $147,905

Other Revenue $86,405

TOTAL REVENUE $1,851,415

Expense Breakdown

Grants Paid $0

Salaries & Benefits $685,432

Fundraising Expenses $141,603

Program Expenses $1,094,270

Other Expenses $805,076

TOTAL EXPENSES $1,490,508

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,851,415	$1,207,887	+0.5%
Expenses	$1,490,508	$1,432,756	+0.0%
Net Income	$360,907	$-224,869	-2.6%

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

222

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

$194,789

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBBIE SHAMA-DAVIS PHD	PRESIDENT	13.00	Officer Director	$0	$0	$0
MICHAEL HAIRSTON	1ST VICE PRESIDENT	6.00	Officer Director	$0	$0	$0
AARON SANDERS	2ND VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
TIFFANY EDWARDS	SECRETARY	5.00	Officer Director	$0	$0	$0
DAVID BIRD	TREASURER	15.00	Officer Director	$0	$0	$0
KEVIN HEARD	EXECUTIVE COMMITTEE MEMBER-AT-LARGE	4.00	Director	$0	$0	$0
DEBRA CALHOUN	TRUSTEE	3.00	Director	$0	$0	$0
RICHARD ELLISON MD	TRUSTEE	3.00	Director	$0	$0	$0
GERALDINE HAYES NELSON PHD	TRUSTEE	3.00	Director	$0	$0	$0
JACK STEELE	TRUSTEE	3.00	Director	$0	$0	$0
ADAM VIGNEAULT	TRUSTEE	3.00	Director	$0	$0	$0
JEFFREY WATERMAN	TRUSTEE	3.00	Director	$0	$0	$0
MELANIE PEPE	EXECUTIVE ARTISTIC DIRECTOR	40.00	Officer	$73,800	$20,000	$93,800
KEVIN LAMBES	EXECUTIVE DIRECTOR	40.00	Officer	$80,989	$20,000	$100,989

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	$1,851,415	$1,490,508	$3,695,698	$360,907
2024	$1,207,887	$1,432,756	$3,410,170	$-224,869
2023	$1,336,584	$1,380,570	$3,548,136	$-43,986
2022	$1,386,436	$1,174,724	$3,593,711	$211,712
2021	$501,009	$473,908	$3,457,123	$27,101
2020	$807,791	$960,209	$3,160,350	$-152,418
2019	$1,010,504	$1,088,864	$3,247,734	$-78,360
2018	$864,780	$1,032,478	$3,287,775	$-167,698