Free Street Theater (EIN 362772922) - 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

1969

Legal Domicile

Principal Officer

Caroline OBoyle

Phone

7737727248

Tax Period

2024-09-01 to 2025-08-31

Free Street Theater, founded in 1969, is a small nonprofit that reported $515K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $438K left a modest 15% surplus.

Mission

Free Street Theater creates afforable, inclusive and innovative theater in communities across Chicago Seeking new and effective ways to challenge racial and economic segregation through the arts.

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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 $505,134

Program Service Revenue $11,365

Investment Income $0

Other Revenue $-1,566

TOTAL REVENUE $514,933

Expense Breakdown

Grants Paid $0

Salaries & Benefits $230,743

Fundraising Expenses $72,195

Program Expenses $314,214

Other Expenses $207,329

TOTAL EXPENSES $438,072

Year-over-Year Comparison

	2024	2023	Change
Revenue	$514,933	$434,319	+0.2%
Expenses	$438,072	$444,227	0.0%
Net Income	$76,861	$-9,908	-8.8%

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

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

$67,853

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Katrina Dion	Executive Dir.	40.00	Officer	$67,853	$0	$67,853
Caroline OBoyle	President	2.00	Officer Director	$0	$0	$0
Lillian Gorman	Secretary	2.00	Officer Director	$0	$0	$0
Tricia Hersey	Director	1.00	Director	$0	$0	$0
Aaron Aptaker	Director	1.00	Director	$0	$0	$0
Jacob Coz	Director	1.00	Director	$0	$0	$0
Devin Childs	Director	1.00	Director	$0	$0	$0
Nina DAngier	Director	1.00	Director	$0	$0	$0
Taria Abram	Director	1.00	Director	$0	$0	$0
Kevin King	Director	1.00	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	$514,933	$438,072	$547,844	$76,861
2024	$434,319	$444,227	$404,356	$-9,908
2023	$350,638	$347,125	$416,093	$3,513
2022	$483,236	$474,398	$402,748	$8,838
2021	$400,011	$334,316	$398,700	$65,695
2020	$304,162	$322,117	$331,947	$-17,955
2019	$518,793	$353,552	$341,556	$165,241

Free Street Theater