CORN STOCK THEATRE (EIN 370747955) - 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

1954

Legal Domicile

Phone

3096762196

Tax Period

2023-01-01 to 2023-12-31

CORN STOCK THEATRE, founded in 1954, is a small nonprofit in the Arts, Culture & Humanities sector that reported $440K in total revenue in fiscal year 2023. Expenses of $553K exceeded revenue, resulting in a 26% operating deficit.

Mission

ALL ACTIVITIES PROVIDE OPPORTUNITIES TO STUDY, TEACH AND PROMOTE THEATRE ARTS IN CENTRAL ILLINOIS. CORN STOCK IS A VOLUNTEER BASED COMMUNITY 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 $123,473

Program Service Revenue $300,626

Investment Income $10,487

Other Revenue $5,248

TOTAL REVENUE $439,834

Expense Breakdown

Grants Paid $0

Salaries & Benefits $187,912

Fundraising Expenses $0

Program Expenses $216,743

Other Expenses $364,149

TOTAL EXPENSES $553,384

Year-over-Year Comparison

	2023	2022	Change
Revenue	$439,834	$457,860	0.0%
Expenses	$553,384	$570,600	0.0%
Net Income	$-113,550	$-112,740	+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

Volunteers

400

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
KRISTIN WHITAKER	President	2.00	Officer Director	$0	$0	$0
CELESTE MATHESON	Vice President	2.00	Officer Director	$0	$0	$0
SUSAN KRUMMEL	Treasurer	2.00	Officer Director	$0	$0	$0
SARAH BETH LEASOR	Secretary	2.00	Officer Director	$0	$0	$0
JOHN CLIFFORD	BOARD MEMBER	2.00	Director	$0	$0	$0
REBEKAH BOURLAND	BOARD MEMBER	2.00	Director	$0	$0	$0
JESSICA KING	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID REYNOLDS	BOARD MEMBER	2.00	Director	$0	$0	$0
ALIESHA GRAVES	BOARD MEMBER	2.00	Director	$0	$0	$0
PEGGY BREAUX HUPP	BOARD MEMBER	2.00	Director	$0	$0	$0
LAURA SHELLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
JERAMIE GLASS	BOARD MEMBER	2.00	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	No data	No data	No data	No data
2023	$439,834	$553,384	$1,029,504	$-113,550
2022	$457,860	$570,600	$1,115,752	$-112,740
2021	$582,728	$373,406	$1,329,182	$209,322
2020	$196,989	$216,677	$1,069,160	$-19,688
2019	$457,975	$475,574	$1,098,194	$-17,599
2018	$489,150	$489,396	$1,033,627	$-246

CORN STOCK THEATRE