Illinois Theatre Association (EIN 362937387) - 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

1991

Legal Domicile

Principal Officer

Judy Klinger

Phone

7738048964

Tax Period

2023-09-01 to 2024-08-31

Illinois Theatre Association, founded in 1991, is a small nonprofit in the Arts, Culture & Humanities sector that reported $538K in total revenue in fiscal year 2023. Revenue surged 115% from the prior year, signaling strong growth momentum. Expenses of $488K left a modest 9% surplus.

Mission

We promote theatre in Illinois. Our members are students, educators, community & professional theaters, actors & producers all joined together to support the art of theatre.

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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 $92,592

Program Service Revenue $443,772

Investment Income $0

Other Revenue $2,084

TOTAL REVENUE $538,448

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $14,657

Program Expenses $395,667

Other Expenses $488,478

TOTAL EXPENSES $488,478

Year-over-Year Comparison

	2023	2022	Change
Revenue	$538,448	$250,152	+1.2%
Expenses	$488,478	$198,389	+1.5%
Net Income	$49,970	$51,763	0.0%

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
Judy Klinger	President	3.00	Officer Director	$0	$0	$0
Mark Begovich	First Vice President	1.00	Officer Director	$0	$0	$0
Lisa Gifford	Second Vice President	1.00	Officer Director	$0	$0	$0
Christina Ordonez	Secretary	1.00	Officer Director	$0	$0	$0
Dennis Anastasopoulos	Treasurer	1.00	Officer Director	$0	$0	$0
Kathy Missel	Director	1.00	Director	$0	$0	$0
Carmel DeStefano	President Emeritus	1.00	Director	$0	$0	$0
Jimmy Calitri	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
2024	$538,448	$488,478	$156,677	$49,970
2023	$250,152	$198,389	$102,730	$51,763
2022	$110,176	$132,510	$78,745	$-22,334
2021	$80,213	$86,828	$100,438	$-6,615
2020	$441,784	$447,219	$113,261	$-5,435

Illinois Theatre Association