Kalamazoo Civic Theatre (EIN 381540000) - 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

1929

Legal Domicile

Principal Officer

Laura Zervic

Phone

2693432280

Tax Period

2024-06-01 to 2025-05-31

Kalamazoo Civic Theatre, founded in 1929, is a community nonprofit in the Unknown sector that reported $2.4M in total revenue in fiscal year 2024. Expenses of $2.9M exceeded revenue, resulting in a 21% operating deficit.

Mission

The mission of the Kalamazoo Civic Theatre, with community partners and volunteers, is to create and deliver engaging, inspiring theatrical productions and educational experiences that spark delight, build community, encourage conversations, and foster social justice and anti-racism.

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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 $1,690,382

Program Service Revenue $672,730

Investment Income $17,293

Other Revenue $4,113

TOTAL REVENUE $2,384,518

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,552,693

Fundraising Expenses $78,088

Program Expenses $2,565,531

Other Expenses $1,332,251

TOTAL EXPENSES $2,884,944

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,384,518	$2,476,859	0.0%
Expenses	$2,884,944	$2,701,599	+0.1%
Net Income	$-500,426	$-224,740	+1.2%

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

745

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

$107,187

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sidney Ellis	Past President	5.00	Director	$0	$0	$0
Michael Holmes	Trustee	5.00	Director	$0	$0	$0
Peter Hobson-Morse	Secretary	5.00	Officer Director	$0	$0	$0
Bev Riley	Trustee	5.00	Director	$0	$0	$0
Lana Escamilla	Trustee	5.00	Director	$0	$0	$0
Russ Panico	Trustee	5.00	Director	$0	$0	$0
Jennifer Moubray	Trustee	5.00	Director	$0	$0	$0
Asa Davis	Treasurer	5.00	Officer Director	$0	$0	$0
Ben Zylman	President	5.00	Officer Director	$0	$0	$0
Michael Martin	Vice President	5.00	Officer Director	$0	$0	$0
Joann Schma	Trustee	5.00	Director	$0	$0	$0
Jared Volz	Trustee	5.00	Director	$0	$0	$0
Louis Williams	Trustee	5.00	Director	$0	$0	$0
Laura Zervic	Executive Director	40.00	Officer	$107,187	$0	$107,187

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	$2,384,518	$2,884,944	$9,072,232	$-500,426
2024	$2,476,859	$2,701,599	$9,547,471	$-224,740
2023	$2,031,149	$2,665,040	$9,953,363	$-633,891
2022	$2,445,296	$2,182,979	$11,318,947	$262,317
2021	$3,403,843	$1,640,023	$11,162,678	$1,763,820
2020	$2,115,956	$2,537,643	$9,216,762	$-421,687

Kalamazoo Civic Theatre