GRAND RAPIDS CIVIC THEATRE INC (EIN 381398828) - 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

1972

Legal Domicile

Principal Officer

HOLLY SULLIVAN

Phone

6162226650

Tax Period

2022-07-01 to 2023-06-30

GRAND RAPIDS CIVIC THEATRE INC, founded in 1972, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.6M in total revenue in fiscal year 2022. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $3.5M exceeded revenue, resulting in a 33% operating deficit.

Mission

ADVANCEMENT OF THE PERFORMING ARTS

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,339,016

Program Service Revenue $1,236,891

Investment Income $5,897

Other Revenue $36,804

TOTAL REVENUE $2,618,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,546,457

Fundraising Expenses $312,281

Program Expenses $2,130,122

Other Expenses $1,936,259

TOTAL EXPENSES $3,482,716

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,618,608	$4,082,590	-0.4%
Expenses	$3,482,716	$3,099,040	+0.1%
Net Income	$-864,108	$983,550	-1.9%

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

633

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

$91,573

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE TINKER	PRESIDENT	40.00	Officer	$77,377	$14,196	$91,573
AMY ASSENMACHER	OUTGOING DIR	1.00	Director	$0	$0	$0
CHELSEA AUSTIN	AT-LARGE	1.00	Director	$0	$0	$0
CAROL CARLSON	OUTGOING DIR	1.00	Director	$0	$0	$0
JASON DODGE	AT-LARGE	1.00	Director	$0	$0	$0
JOEL FREEMAN	DIRECTOR	1.00	Director	$0	$0	$0
WENDY HOLTVLUWER	OUTGOING DIR	1.00	Director	$0	$0	$0
AMY KAM	SECRETARY	1.00	Officer Director	$0	$0	$0
BRETT KARHOFF	TREASURER	1.00	Officer Director	$0	$0	$0
BLYTHE KAZMIERCZAK	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA KIRCHOFF	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SALIBA LOUGHMAN	OUTGOING DIR	1.00	Director	$0	$0	$0
MAX RISPLER	DIRECTOR	1.00	Director	$0	$0	$0
EMILY RUCKER	DIRECTOR	1.00	Director	$0	$0	$0
ANDY SCHMIDT	OUTGOING VIC	1.00	Officer Director	$0	$0	$0
HOLLY SULLIVAN	CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL TRAVIS	OUTGOING DIR	1.00	Director	$0	$0	$0
HALEY VALLIER	OUTGOING AT-	1.00	Director	$0	$0	$0
CHERI WILLIAMS	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,618,608	$3,482,716	$10,395,673	$-864,108
2022	$4,082,590	$3,099,040	$11,372,857	$983,550
2021	$2,242,542	$1,545,579	$11,154,352	$696,963
2020	$2,925,493	$2,393,620	$10,005,452	$531,873
2019	$4,250,521	$2,867,963	$8,549,127	$1,382,558
2018	$2,258,072	$2,800,679	$7,301,800	$-542,607

GRAND RAPIDS CIVIC THEATRE INC