FOOTLITE MUSICALS INC (EIN 356028411) - 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

1958

Legal Domicile

Principal Officer

BARBARA UGGEN-DAVIS

Phone

3178004614

Tax Period

2024-07-01 to 2025-06-30

FOOTLITE MUSICALS INC, founded in 1958, is a small nonprofit in the Arts, Culture & Humanities sector that reported $362K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $436K exceeded revenue, resulting in a 21% operating deficit.

Mission

FOOTLITE MUSICALS IS THE OLDEST COMMUNITY THEATRE IN INDIANAPOLIS. OPERATED ENTIRELY BY VOLUNTEERS TO PRESENT BROADWAY STYLE MUSICALS AND MAINTAIN A SUMMER YOUTH PROGRAM FOR ELEMENTARY AGE CHILDREN AND YOUTH TO AGE 25.

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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 $61,327

Program Service Revenue $263,061

Investment Income $23,338

Other Revenue $13,793

TOTAL REVENUE $361,519

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,168

Program Expenses $392,080

Other Expenses $435,802

TOTAL EXPENSES $435,802

Year-over-Year Comparison

	2024	2023	Change
Revenue	$361,519	$482,560	-0.3%
Expenses	$435,802	$296,441	+0.5%
Net Income	$-74,283	$186,119	-1.4%

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

N/A

Volunteers

500

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
LESLIE LEE	PRESIDENT	20.00	Officer Director	$0	$0	$0
STEPHEN MATTERS	VICE PRESIDENT	30.00	Officer Director	$0	$0	$0
BARBARA UGGEN-DAVIS	TREASURER	10.00	Officer Director	$0	$0	$0
ELIZABETH SWAYZE	SECRETARY	10.00	Officer Director	$0	$0	$0
KEVIN BELL	DIRECTOR	4.00	Director	$0	$0	$0
LAURA CONES	DIRECTOR	7.69	Director	$0	$0	$0
KRISTIN CUTLER	DIRECTOR	4.00	Director	$0	$0	$0
ETTA BILOON	DIRECTOR	10.00	Director	$0	$0	$0
JOSH VANDERMISSEN	DIRECTOR	4.00	Director	$0	$0	$0
BETH GIBSON	DIRECTOR	6.00	Director	$0	$0	$0
MELISSA YURECHKO	DIRECTOR	15.50	Director	$0	$0	$0
SHANNON REHMEL	DIRECTOR	4.00	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
2025	$361,519	$435,802	$1,443,979	$-74,283
2023	$932,174	$346,234	$1,345,416	$585,940
2022	$296,574	$296,350	$746,760	$224
2021	$211,050	$144,666	$781,050	$66,384
2020	$296,160	$301,101	$682,342	$-4,941
2019	$287,166	$353,827	$672,748	$-66,661

FOOTLITE MUSICALS INC