COLLABORACTION THEATRE CO (EIN 364282304) - 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

1997

Legal Domicile

Principal Officer

PAT MERRYWEATHER-ARGES

Phone

3122269633

Tax Period

2024-07-01 to 2025-06-30

COLLABORACTION THEATRE CO, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $410K in total revenue in fiscal year 2017. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $382K left a modest 7% surplus.

Mission

CREATES ORIGINAL THEATRICAL EXPERIENCE THAT PUSH ARTISTIC BOUNDARIES IN ORDER TO EXPLORE CRITICAL SOCIAL ISSUES WITH A DIVERSE COMMUNITY OF CHICAGOANS

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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 $701,771

Program Service Revenue $36,497

Investment Income $10,487

Other Revenue $-76,619

TOTAL REVENUE $672,136

Expense Breakdown

Grants Paid $0

Salaries & Benefits $302,165

Fundraising Expenses $110,169

Program Expenses $589,487

Other Expenses $537,712

TOTAL EXPENSES $839,877

Year-over-Year Comparison

	2024	2023	Change
Revenue	$672,136	$537,894	+0.2%
Expenses	$839,877	$405,589	+1.1%
Net Income	$-167,741	$132,305	-2.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAT MERRYWEATHER-ARGES	President	5.00	Officer Director	$0	$0	$0
ANDREW BALDERSON	Treasurer	5.00	Officer Director	$0	$0	$0
DR MARCUS ROBINSON	Secretary	5.00	Officer Director	$0	$0	$0
JUSTIN FRICK	PAST PRESIDENT	5.00	Director	$0	$0	$0
AMY CARR	Director	5.00	Director	$0	$0	$0
DAVID CHERRY	Director	5.00	Director	$0	$0	$0
ELSA HILTNER	Director	5.00	Director	$0	$0	$0
EVA SAHA	Director	5.00	Director	$0	$0	$0
MARIA PIKE	Director	5.00	Director	$0	$0	$0
MATTHEW WOODBURN	Director	5.00	Director	$0	$0	$0
SAMMY RANGEL	Director	5.00	Director	$0	$0	$0
SANDRA DELGADO	Director	5.00	Director	$0	$0	$0
ROSEANNA ANDER	Director	5.00	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	$672,136	$839,877	$1,723,289	$-167,741
2024	No data	No data	No data	No data
2023	$528,082	$457,779	$699,953	$70,303
2023	$528,082	$457,779	$699,953	$70,303
2022	$506,092	$579,757	$644,665	$-73,665
2021	$443,952	$393,394	$276,695	$50,558
2020	$504,189	$468,341	$236,673	$35,848
2019	$505,632	$472,081	$81,773	$33,551
2018	$410,419	$382,364	$23,172	$28,055

COLLABORACTION THEATRE CO