Millan Theatre Company (EIN 381689662) - 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

1961

Legal Domicile

Principal Officer

Leah Smith

Phone

3138681347

Tax Period

2023-01-01 to 2023-12-31

Millan Theatre Company, founded in 1961, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 222% from the prior year, signaling strong growth momentum. The organization ran a surplus of $750K, a strong 57% operating margin.

Mission

To provide professional theatre programs and training

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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 $944,057

Program Service Revenue $271,346

Investment Income $30,240

Other Revenue $77,574

TOTAL REVENUE $1,323,217

Expense Breakdown

Grants Paid $0

Salaries & Benefits $295,453

Fundraising Expenses $9,127

Program Expenses $376,253

Other Expenses $277,602

TOTAL EXPENSES $573,055

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,323,217	$411,453	+2.2%
Expenses	$573,055	$518,845	+0.1%
Net Income	$750,162	$-107,392	-8.0%

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

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

$1,500

Key Employees

$27,886

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
M Christine Whitaker Ellis	Chairperson	2.00	Director	$0	$0	$0
Terry E Packer	Vice Chair	2.00	Director	$0	$0	$0
Jeff Nahan	Treasurer	2.00	Director	$1,500	$0	$1,500
Marilyn Newton	Recording Secretary	2.00	Director	$0	$0	$0
Byron Keys	Corresponding Secretary	2.00	Director	$0	$0	$0
Frances Beeman	Board Member	2.00	Director	$0	$0	$0
Daniel E Herman	Board Member	2.00	Director	$0	$0	$0
Maryl Kacir Huntington	Board Member	2.00	Director	$0	$0	$0
Paula Krzeczkowski	Board Member	2.00	Director	$0	$0	$0
Mark Loeb	Board Member	2.00	Director	$0	$0	$0
Lucy H Maddox	Board Member	2.00	Director	$0	$0	$0
Kathleen Newell	Board Member	2.00	Director	$0	$0	$0
Samantha Watson Vanenburg	Board Member	2.00	Director	$0	$0	$0
Leah Smith	Artistic Director	40.00	Key Emp	$27,886	$0	$27,886

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	$1,323,217	$573,055	$1,025,641	$750,162
2023	$1,323,217	$573,055	$1,025,641	$750,162
2022	$411,453	$518,845	$269,969	$-107,392
2021	$462,464	$221,600	$375,325	$240,864
2020	$294,078	$291,535	$135,897	$2,543
2019	$439,166	$524,780	$153,317	$-85,614
2018	$474,596	$488,162	$211,513	$-13,566

Millan Theatre Company