Congo Square Theatre Company (EIN 364333856) - 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

1999

Legal Domicile

Principal Officer

RaShawn Fitzgerald

Phone

7732961108

Tax Period

2023-07-01 to 2024-06-30

Congo Square Theatre Company, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $641K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 67% operating deficit.

Mission

Presentation of World Cultural theatre to neglected communities.

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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 $503,867

Program Service Revenue $136,744

Investment Income $6,215

Other Revenue $-6,283

TOTAL REVENUE $640,543

Expense Breakdown

Grants Paid $10,235

Salaries & Benefits $296,535

Fundraising Expenses $45,971

Program Expenses $818,268

Other Expenses $763,316

TOTAL EXPENSES $1,070,086

Year-over-Year Comparison

	2023	2022	Change
Revenue	$640,543	$963,574	-0.3%
Expenses	$1,070,086	$916,605	+0.2%
Net Income	$-429,543	$46,969	-10.1%

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

$115,454

Total Directors

$115,454

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ericka Ratcliff	Artistic Dir.	40.00	Officer Director	$59,920	$0	$59,920
Charlique Rolle	Executive Dir.	40.00	Officer Director	$55,534	$0	$55,534
Dawn Frances Reese	Board Chair	5.00	Officer Director	$0	$0	$0
Alvin Goldfarb	Board Co-Chair	5.00	Officer Director	$0	$0	$0
Dorsey Norman III	Treasurer	5.00	Officer Director	$0	$0	$0
Gertrude Wooten	Secretary	5.00	Officer Director	$0	$0	$0
Harry Lennix	Director	1.00	Director	$0	$0	$0
Tiara Muse	Director	1.00	Director	$0	$0	$0
Tanessa Lee	Director	1.00	Director	$0	$0	$0
Heath Morgan	Director	1.00	Director	$0	$0	$0
Naja Morris	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	$237,626	$346,636	$751,710	$-109,010
2024	$640,543	$1,070,086	$879,109	$-429,543
2023	$963,574	$916,605	$1,323,696	$46,969
2022	$1,259,518	$580,368	$1,311,278	$679,150
2021	$515,679	$229,468	$555,309	$286,211
2020	$204,692	$195,042	$261,870	$9,650
2019	$459,756	$472,815	$11,873	$-13,059
2018	$382,934	$354,908	$37,937	$28,026

Congo Square Theatre Company