Black Ensemble Theater Corporation (EIN 362852762) - 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

1976

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Black Ensemble Theater Corporation, founded in 1976, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.0M in total revenue in fiscal year 2023. Revenue surged 151% from the prior year, signaling strong growth momentum. Net assets of $11.8M represent 28 months of operating reserves.

Mission

The Black Ensemble Theater Corporation provides opportunity for training, employment and cultural enrichment for minority artist in the Chicagoland area.

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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 $3,084,716

Program Service Revenue $1,756,526

Investment Income $0

Other Revenue $185,895

TOTAL REVENUE $5,027,137

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,699,954

Fundraising Expenses $100,523

Program Expenses $4,578,054

Other Expenses $3,588,159

TOTAL EXPENSES $5,288,113

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,027,137	$2,004,758	+1.5%
Expenses	$5,288,113	$3,838,885	+0.4%
Net Income	$-260,976	$-1,834,127	-0.9%

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

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

$276,625

Key Employees

$139,800

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jackie Taylor	Executive Director	60.00	Director Highest	$276,625	$0	$276,625
Tynnetta Qaiyim	Chief Operating Officer	40.00	Key Emp	$139,800	$0	$139,800
Ron Reed	Director	2.00	Director	$0	$0	$0
Andrea Zopp	Director	2.00	Director	$0	$0	$0
Nicholas Yassan	Director	2.00	Director	$0	$0	$0
James Bryan	Director	2.00	Director	$0	$0	$0
Helen Shiller	Secretary	2.00	Officer Director	$0	$0	$0
Tyronne Stoudemire	Chairman	2.00	Officer Director	$0	$0	$0
Alan Bell	Vice Chairman	2.00	Officer Director	$0	$0	$0
Jason Stapleton	Treasurer	2.00	Officer Director	$0	$0	$0
Stephanie Butler	Bookkeeper	40.00	Key Emp	$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
2023	$5,027,137	$5,288,113	$24,444,850	$-260,976
2022	$2,004,758	$3,838,885	$23,894,712	$-1,834,127
2021	$7,980,643	$4,488,769	$20,384,078	$3,491,874
2020	$1,679,792	$2,137,753	$17,805,486	$-457,961
2019	$2,968,712	$2,998,106	$18,126,950	$-29,394
2019	$2,795,432	$3,019,244	$17,810,293	$-223,812
2018	$2,667,540	$2,900,906	$20,374,047	$-233,366

Black Ensemble Theater Corporation