The Theatre of Western Springs

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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

1950

Legal Domicile

Principal Officer

Benton Bullwinkel

Phone

7082464043

Tax Period

2024-07-01 to 2025-06-30

The Theatre of Western Springs, founded in 1950, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $1.0M left a modest 11% surplus.

Mission

Training in theatrical aspects of performance for children and adults, as well as development of theatre appreciation.

Program Service Accomplishments

Program 1

Expenses: $313,587 Revenue: $397,067

The TWS adult theatre produced six full-length subscription plays and one curated Story Slam event. These programs involved approximately 275 volunteers and generated attendance of approximately...

The TWS adult theatre produced six full-length subscription plays and one curated Story Slam event. These programs involved approximately 275 volunteers and generated attendance of approximately 10,500+. In addition, there were four one-night performance series events generating attendance of approximately 1,150.

Program 2

Expenses: $370,182 Revenue: $379,381

Childrens Theatre Classes and Camps in acting, movement, and technical theatre and production. Childrens Theatre Produced four full-length plays and five summer workshop camp productions. These shows...

Program 3

Expenses: $4,598 Revenue: $10,242

Adult Training in acting, movement, interpretation, directing, aspects of technical theatre, and development of theatre appreciation. In addition, there were four productions of short plays in a...

Adult Training in acting, movement, interpretation, directing, aspects of technical theatre, and development of theatre appreciation. In addition, there were four productions of short plays in a workshop setting for free, generating attendance of approximately 700+.

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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 $166,318

Program Service Revenue $786,690

Investment Income $54,277

Other Revenue $143,243

TOTAL REVENUE $1,150,528

Expense Breakdown

Grants Paid $0

Salaries & Benefits $503,788

Fundraising Expenses $120,438

Program Expenses $688,367

Other Expenses $520,223

TOTAL EXPENSES $1,024,011

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,150,528	$1,426,267	-0.2%
Expenses	$1,024,011	$954,381	+0.1%
Net Income	$126,517	$471,886	-0.7%

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

425

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

$18,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Julie Tomek Campo	Member	2.00	Director	$0	$0	$0
Katie Hedrich	Member	2.00	Director	$0	$0	$0
Ryan Yagoda	Member to 11/12/24	2.00	Director	$0	$0	$0
Laura Ciresi Starr	Chair to 11/12/24	5.00	Officer Director	$0	$0	$0
Danny Parrott	Vice Chair starting 11/13/24	5.00	Officer Director	$0	$0	$0
Linda Roberts	Member	4.00	Director	$0	$0	$0
Jon Mills	Member 11/13/24 - 6/30/25	4.00	Director	$0	$0	$0
Christine Winchester	Secretary to 11/12/24	4.00	Officer Director	$0	$0	$0
Angela McDonald	Secretary from 11/13/24	10.00	Officer Director	$0	$0	$0
Benton Bullwinkel	V-Chair to 11/12 Chair from 11/13	12.00	Officer Director	$0	$0	$0
Rossann Baker-Priestley	Member	3.00		$0	$0	$0
Patti Roeder	Member	3.00		$0	$0	$0
Edward W Wavak	Treasurer	12.00	Officer	$18,000	$0	$18,000

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
2025	$1,150,528	$1,024,011	$2,912,206	$126,517
2024	$1,426,267	$954,381	$2,677,304	$471,886
2023	$747,301	$815,033	$2,109,014	$-67,732
2022	$1,072,475	$717,511	$2,068,320	$354,964
2021	$1,121,322	$419,028	$1,922,318	$702,294
2020	$766,118	$821,595	$1,093,393	$-55,477
2019	$922,417	$795,236	$1,239,114	$127,181
2018	$960,945	$989,482	$1,146,373	$-28,537