LA PORTE LITTLE THEATRE CLUB INC (EIN 356029598) - 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

1937

Legal Domicile

Principal Officer

LORRAINE J POTTER

Phone

2198512256

Tax Period

2023-01-01 to 2023-12-31

LA PORTE LITTLE THEATRE CLUB INC, founded in 1937, is a small nonprofit in the Arts, Culture & Humanities sector that reported $148K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $169K exceeded revenue, resulting in a 14% operating deficit.

Mission

PRODUCED 5 PLAYS FOR THE VIEWING PUBLIC

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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 (2023)

Revenue Breakdown

Contributions & Grants $38,316

Program Service Revenue $94,459

Investment Income $7,739

Other Revenue $7,502

TOTAL REVENUE $148,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $160,522

Other Expenses $168,930

TOTAL EXPENSES $168,930

Year-over-Year Comparison

	2023	2022	Change
Revenue	$148,016	$158,288	-0.1%
Expenses	$168,930	$130,902	+0.3%
Net Income	$-20,914	$27,386	-1.8%

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
KATY GARTLAND	PRESIDENT	N/A	Officer	$0	$0	$0
MATT ROBINSON	VICE PRESIDENT	N/A	Officer	$0	$0	$0
LAURIE TARNOW	BUSINESS MANAGER	N/A	Officer	$0	$0	$0
LORRAINE POTTER	TREASURER	N/A	Officer	$0	$0	$0
TIM GARTLAND	BUSINESS MANAGER	N/A	Officer	$0	$0	$0
NICK BELLO	BOARD MEMBER	N/A	Director	$0	$0	$0
SCOTT LENIG	BOARD MENBER	N/A	Director	$0	$0	$0
MAX PRINCIPE	BOARD MEMBER	N/A	Director	$0	$0	$0
TRENT KAERCHER	BOARD MEMBER	N/A	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$148,016	$168,930	$231,457	$-20,914

LA PORTE LITTLE THEATRE CLUB INC