Fremont Community Theatre and Lite… - Form 990 Financial Data

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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

1967

Legal Domicile

Principal Officer

Brandon Hord

Phone

4193320775

Tax Period

2019-06-01 to 2020-05-31

Fremont Community Theatre and Literary Society, founded in 1967, is a micro nonprofit that reported $44K in total revenue in fiscal year 2019. Revenue fell 35% from the prior year — a significant decline worth monitoring. Net assets of $340K represent 93 months of operating reserves.

Mission

Study and practice of dramatic art to stimulate a greater appreciation of such art on an educational level within the community and surrounding area.

Program Service Accomplishments

Program 1

Expenses: $28,931

All activities are handled by a staff of unpaid volunteers. Open auditions are utilized to recruit talent for the shows. FCT provides theatre entertainment opportunities for its volunteers and...

All activities are handled by a staff of unpaid volunteers. Open auditions are utilized to recruit talent for the shows. FCT provides theatre entertainment opportunities for its volunteers and audiences that would otherwise be unavailable in our community. Over 4,000 people attend the annual performances, which include a summer show cast entirely with actors agesd 13 to 18, and a Youth Theatre Camp for ages 8 to 12

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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 (2019)

Revenue Breakdown

Contributions & Grants $4,200

Program Service Revenue $27,959

Investment Income $0

Other Revenue $11,532

TOTAL REVENUE $43,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $28,931

Other Expenses $42,902

TOTAL EXPENSES $42,902

Year-over-Year Comparison

	2019	2018	Change
Revenue	$43,691	$66,950	-0.3%
Expenses	$42,902	$64,861	-0.3%
Net Income	$789	$2,089	-0.6%

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

N/A

Volunteers

N/A

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
Lea-Ann Wilson	Vice Chair	004.00	Officer Director	$0	$0	$0
Floyd Collins	Chairman	002.00	Officer Director	$0	$0	$0
Karen Langley	Secretary	002.00	Officer Director	$0	$0	$0
Ann Stendera	Treasurer	008.00	Officer Director	$0	$0	$0
Daleen Askins	President	008.00	Officer Director	$0	$0	$0
Jim Stendera	Vice President	004.00	Officer Director	$0	$0	$0
Ashly Conley	Board Member	002.00	Director	$0	$0	$0
Sarah Stamm	Board Member	002.00	Director	$0	$0	$0
Jim Posey	Board Member	002.00	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
2020	$43,691	$42,902	$339,557	$789
2019	$66,950	$64,861	$338,768	$2,089
2018	$69,560	$55,049	$336,851	$14,511

Fremont Community Theatre and Literary Society