OLD TOWN PLAYHOUSE INC

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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

1960

Legal Domicile

Principal Officer

DEBRA JACKSON

Phone

2319472210

Tax Period

2023-07-01 to 2024-06-30

OLD TOWN PLAYHOUSE INC, founded in 1960, is a small nonprofit in the Arts, Culture & Humanities sector that reported $854K in total revenue in fiscal year 2023.

Mission

TO BE A VOLUNTEER-BASED ORGANIZATION PROMOTING QUALITY COMMUNITY THEATRE EXPERIENCES FOR THE PEOPLE OF NORTHWEST MICHIGAN BY PROVIDING EDUCATIONAL OPPORTUNITIES AND ENTERTAINMENT IN THE THEATRICAL ARTS.

Program Service Accomplishments

Program 1

Expenses: $638,295 Revenue: $438,890

THIS YEAR WE PROVIDED 23 COMMUNITY THEATRE PRODUCTONS WHICH PROMOTED THE CULTURE AND LITERARY DEVELOPMENT OF OUR NORTHERN MICHIGAN COMMUNITY. WE PROVIDED OPPORTUITIES FOR INDIVIDUALS TO PARTICIPATE IN ALL ASPECTS OF THE DRAMATIC ARTS. TICKET SALES COMPRISED OF OVER 14,371 SEATS. WE ALSO PROVIDED AN OPPORTUNITY FOR LOCAL ARTISTS TO PRESENT PERFORMANCES TO OUR PATRONS. WE WERE ONE OF THE VENUES FOR THE TRAVERSE CITY COMEDY FESTIVAL WHICH PRIVIDED PERFORMANCES OF MULTIPLE COMEDIANS AND HOSTED THE PREMIER SHOWING OF THE MOVIE "DJ ON WALLAKER HILL".

Program 2

Expenses: $121,056 Revenue: $75,695

WE WERE ABLE TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR OVER 405 CHILDREN AND YOUNG ADULTS THROUGH OUR EDUCATIONAL ARM OF THE THEATRE.

Program 3

Expenses: $247 Revenue: $1,311

WE PRODUCED READERS STYLE PRODUCTIONS. MEMBERS WHO PERFORMED RANGE IN AGE FROM 55 TO 94 YEARS OF AGE. THEY PERFORMED IN OUR FACILITY AND ALSO DID COMMUNITY OUTREACH. THIS ENCOURAGES LIVELONG...

WE PRODUCED READERS STYLE PRODUCTIONS. MEMBERS WHO PERFORMED RANGE IN AGE FROM 55 TO 94 YEARS OF AGE. THEY PERFORMED IN OUR FACILITY AND ALSO DID COMMUNITY OUTREACH. THIS ENCOURAGES LIVELONG PARTICIPATION IN THE THEATRE 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 (2023)

Revenue Breakdown

Contributions & Grants $348,493

Program Service Revenue $507,147

Investment Income $16,710

Other Revenue $-18,444

TOTAL REVENUE $853,906

Expense Breakdown

Grants Paid $0

Salaries & Benefits $438,070

Fundraising Expenses $65,488

Program Expenses $759,598

Other Expenses $481,728

TOTAL EXPENSES $919,798

Year-over-Year Comparison

	2023	2022	Change
Revenue	$853,906	$849,125	+0.0%
Expenses	$919,798	$893,193	+0.0%
Net Income	$-65,892	$-44,068	+0.5%

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

569

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

$78,101

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL JARBOE	PRESIDENT	3.00	Officer Director	$0	$0	$0
KERR ANDERSON	VICE PRESIDENT	0.75	Officer Director	$0	$0	$0
MARCY HERMANN	SECRETARY	1.00	Officer Director	$0	$0	$0
CHUCK MOESER	TREASURER	2.00	Officer Director	$0	$0	$0
RITA WHALEY	DIRECTOR	0.75	Director	$0	$0	$0
NANCY BRICK	DIRECTOR	0.75	Director	$0	$0	$0
CHRIS RADU	DIRECTOR	0.75	Director	$0	$0	$0
CARLY MCCALL	DIRECTOR	0.75	Director	$0	$0	$0
MARGARET BRACE	DIRECTOR	8.00	Director	$0	$0	$0
KAREN FEAHR	DIRECTOR	0.75	Director	$0	$0	$0
MICHAEL BINSTEAD	DIRECTOR	0.75	Director	$0	$0	$0
LINDSAY RAYMOND	DIRECTOR	0.75	Director	$0	$0	$0
HT SNOWDAY	DIRECTOR	0.75	Director	$0	$0	$0
DEB OETJENS JACKSON	EXECUTIVE DIRECTOR	40.00	Officer	$69,500	$8,601	$78,101

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	$853,906	$919,798	$1,449,698	$-65,892
2023	$849,125	$893,193	$1,500,353	$-44,068
2022	$1,012,117	$806,853	$1,511,718	$205,264
2021	$487,535	$463,107	$1,427,538	$24,428
2020	$561,059	$712,018	$1,392,576	$-150,959
2019	$1,094,834	$829,301	$1,385,919	$265,533
2018	$933,760	$801,795	$1,190,146	$131,965