Theater at the Center 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

1994

Legal Domicile

Phone

2198360130

Tax Period

2022-07-01 to 2023-06-30

Theater at the Center Inc, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $208K in total revenue in fiscal year 2022. Revenue surged 850% from the prior year, signaling strong growth momentum. Expenses of $357K exceeded revenue, resulting in a 72% operating deficit.

Mission

THE MISSION OF THEATRE AT THE CENTER, INC. IS TO BRING TO THE CENTER FOR VISUAL AND PERFORMING ARTS DISCIPLINES OF THE PERFORMING ARTS THAT ARE AT ONCE APPEALING, EDUCATIONAL, AND ACCESSIBLE TO THE ENTIRE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $275,921 Revenue: $180,772

MAIN STAGE - THEATRE AT THE CENTER, INC. (TATC) IS THE RESIDENT THEATRE COMPANY AT THE CENTER FOR VISUAL AND PERFORMING ARTS. PERFORMANCES ATTRACT AUDIENCES FROM NORTHWEST INDIANA AND CHICAGOLAND...

MAIN STAGE - THEATRE AT THE CENTER, INC. (TATC) IS THE RESIDENT THEATRE COMPANY AT THE CENTER FOR VISUAL AND PERFORMING ARTS. PERFORMANCES ATTRACT AUDIENCES FROM NORTHWEST INDIANA AND CHICAGOLAND. DUE TO THE IMPACT OF COVID-19, ALL OPERATIONS WERE SUSPENDED IN 2020. BEGINNING IN 2023, TATC PIVOTED ITS PROGRAMMING TO A GREATER EMPHASIS ON LIMITED RUN SHOWS, SPECIAL EVENTS, AND CONCERTS. SPECIAL EVENTS - MANY SPECIAL EVENTS INCLUDING MUSIC, COMEDY AND LIMITED RUN THEATRICAL WORKS ARE OFFERED THROUGHOUT THE YEAR. THESE EVENTS ALLOW FOR A GREATER REACH INTO THE COMMUNITY BY PROVIDING AN ALTERNATIVE TO TRADITIONAL THEATRICAL, LONGER SPAN TITLE RUNS. TATC PRESENTS 25-30 SPECIAL EVENTS ANNUALLY, PROVIDING PATRONS ACCESS TO LIVE STAGE PERFORMANCES. THEATRE FOR YOUNG AUDIENCES - OTHER TATC PROGRAMMING INCLUDES THEATRE FOR YOUNG AUDIENCES. THESE PRODUCTIONS ARE ANNUALLY PRESENTED TO THE PUBLIC AND SCHOOL GROUPS. THIS PROGRAMMING WAS RESUMED IN FY2023 AFTER BEING SUSPENDED SINCE SPRING OF 2020 DUE TO THE IMPACT OF COVID-19.

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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 (2022)

Revenue Breakdown

Contributions & Grants $18,030

Program Service Revenue $180,772

Investment Income $510

Other Revenue $8,800

TOTAL REVENUE $208,112

Expense Breakdown

Grants Paid $885

Salaries & Benefits $91,713

Fundraising Expenses $0

Program Expenses $275,921

Other Expenses $264,756

TOTAL EXPENSES $357,354

Year-over-Year Comparison

	2022	2021	Change
Revenue	$208,112	$21,898	+8.5%
Expenses	$357,354	$227,078	+0.6%
Net Income	$-149,242	$-205,180	-0.3%

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

$410,886

Total Directors

$177,409

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	PRESIDENT	1.0	Officer Director	$0	$0	$0
N/A	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
N/A	SECRETARY	1.0	Officer Director	$0	$0	$25,546
N/A	TREASURER	1.0	Officer Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$101,917
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$49,946
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	ADMINISTRATOR	1.0	Officer	$0	$44,677	$385,340

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$208,112	$357,354	$276,874	$-149,242
2022	$21,898	$227,078	$289,884	$-205,180
2021	$126,725	$460,863	$317,411	$-334,138
2020	$2,185,405	$2,454,848	$496,823	$-269,443
2019	$2,471,746	$2,764,936	$431,000	$-293,190
2018	$2,041,025	$2,589,568	$385,527	$-548,543