MICHIGAN THEATER FOUNDATION INC (EIN 382269013) - 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

1979

Legal Domicile

Principal Officer

MOLLY ROWAN - DECKART

Phone

7346688397

Tax Period

2024-10-01 to 2025-09-30

MICHIGAN THEATER FOUNDATION INC, founded in 1979, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.1M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $6.7M exceeded revenue, resulting in a 31% operating deficit.

Mission

TO JOYFULLY BRING DIVERSE PEOPLE TOGETHER TO BUILD COMMUNITY, ENHANCE UNDERSTANDING, ADVANCE PUBLIC STORYTELLING AND THE ARTS, AND PROTECT OUR HISTORIC BUILDINGS.

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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 $1,638,415

Program Service Revenue $2,765,076

Investment Income $108,056

Other Revenue $600,929

TOTAL REVENUE $5,112,476

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,192,128

Fundraising Expenses $737,759

Program Expenses $4,198,238

Other Expenses $3,499,846

TOTAL EXPENSES $6,691,974

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,112,476	$5,577,279	-0.1%
Expenses	$6,691,974	$6,810,643	0.0%
Net Income	$-1,579,498	$-1,233,364	+0.3%

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

172

Volunteers

513

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

$279,404

Total Directors

$191,541

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOLLY ROWAN - DECKART	INCOMING ED	40.00	Officer	$0	$0	$0
RUSSELL B COLLINS	CEO/SECRETAR	40.00	Officer Director	$141,254	$50,287	$191,541
JANICE WARNER	FINANCE DIRE	40.00	Officer	$83,679	$4,184	$87,863
DHARMA AKMON	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE BUHR	DIRECTOR	1.00	Director	$0	$0	$0
ANNE COOPER	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER CONLIN	DIRECTOR	1.00	Director	$0	$0	$0
RIK CORDERO	DIRECTOR	1.00	Director	$0	$0	$0
AARON DWORKIN	DIRECTOR	1.00	Director	$0	$0	$0
ALAN HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
BARRY MARGOLIS	DIRECTOR	1.00	Director	$0	$0	$0
PETER SCHORK	TREASURER	1.00	Officer Director	$0	$0	$0
CHRISTOPHER CONLIN	SECRETARY	1.00	Officer Director	$0	$0	$0
KATE TRUMBULL	DIRECTOR	1.00	Director	$0	$0	$0
KAREN UFER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KATHY WHITE	CHAIR	1.00	Officer Director	$0	$0	$0
KIRK PROFIT	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
ANDY COULOURIS	DIRECTOR	1.00	Director	$0	$0	$0
EDDIE RUBIN	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	$5,112,476	$6,691,974	$12,338,676	$-1,579,498
2024	No data	No data	No data	No data
2023	$4,633,040	$5,789,058	$15,274,003	$-1,156,018
2022	$5,597,881	$5,445,402	$15,897,834	$152,479
2021	$2,527,817	$3,317,164	$15,884,793	$-789,347
2020	$5,030,100	$5,582,906	$14,133,146	$-552,806
2019	$7,493,063	$6,702,283	$14,228,801	$790,780
2018	$6,127,152	$6,388,126	$18,076,665	$-260,974

MICHIGAN THEATER FOUNDATION INC