LIVE BAIT THEATRICAL COMPANY (EIN 363622390) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Phone

7738711212

Tax Period

2024-01-01 to 2024-12-31

LIVE BAIT THEATRICAL COMPANY, founded in 1987, is a micro nonprofit that reported $26K in total revenue in fiscal year 2018. Revenue decreased 12% compared to the prior year. Expenses of $41K exceeded revenue, resulting in a 55% operating deficit.

Mission

THE ORGANIZATIONS MISSION IS PROVIDE PRODUCTION FACILITIES TO OTHER NOT-FOR- PROFIT AND START-UP THEATER COMPANIES; TO ENGAGE THE COMMUNITY BY USING ART TO ENHANCE THE LIVES OF CHILDREN AND SENIORS; AND TO WRITE NEW WORK.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $36,000

Program Service Revenue $0

Investment Income $410

Other Revenue $-215

TOTAL REVENUE $36,195

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,000

Fundraising Expenses $0

Program Expenses $20,566

Other Expenses $7,917

TOTAL EXPENSES $24,917

Year-over-Year Comparison

	2024	2023	Change
Revenue	$36,195	$37,677	0.0%
Expenses	$24,917	$28,106	-0.1%
Net Income	$11,278	$9,571	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$17,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD SALOMON	PRESIDENT	0.50	Officer Director	$0	$0	$0
JAMES BLAKE	TREASURER	0.50	Officer Director	$0	$0	$0
EDWARD THOMAS-HERRERA	SECRETARY	0.50	Officer Director	$0	$0	$0
JOE PLUMMER	DIRECTOR	0.50	Director	$0	$0	$0
GEORGE ROSEBROCK	DIRECTOR	0.50	Director	$0	$0	$0
JOHN RAGIR	EXECUTIVE DIRECTOR	20.00	Officer	$8,000	$0	$8,000
SHARON EVANS RAGIR	ARTISTIC DIRECTOR	16.00	Officer	$9,000	$0	$9,000

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	$36,195	$24,917	$93,851	$11,278
2023	$37,677	$28,106	$82,573	$9,571
2022	$35,395	$22,333	$73,002	$13,062
2021	$29,831	$27,654	$59,940	$2,177
2020	$25,668	$35,013	$57,763	$-9,345
2019	$34,595	$22,628	$67,108	$11,967
2018	$26,327	$40,763	$55,141	$-14,436

LIVE BAIT THEATRICAL COMPANY