FLOYD J MCREE THEATRE

EIN: 382552387 501(c)(3)

FLINT, MI

Total Revenue
$867,932
Total Expenses
$920,463
Total Assets
$324,732
Net Assets
$141,380
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
MI
Principal Officer
CHARLES WINFREY
Phone
8107872200
Tax Period
2024-01-01 to 2024-12-31

FLOYD J MCREE THEATRE, founded in 1970, is a small nonprofit that reported $868K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

TO TELL THE AFRICAN AMERICAN STORY IN THE AFRICAN AMERICAN VOICE.

Program Service Accomplishments

Program 1
Expenses: $812,308

THE THEATRE'S PROGRAMS PRIMARILY FOCUS ON THE PERFORMING ARTS THROUGH AN AFRICAN-CENTERED EMPHASIS AND PHILOSOPHY. THROUGHOUT THE YEAR, THE THEATRE PUTS ON PERFORMANCES THAT, WHILE ENTERTAINING, ALSO...

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THE THEATRE'S PROGRAMS PRIMARILY FOCUS ON THE PERFORMING ARTS THROUGH AN AFRICAN-CENTERED EMPHASIS AND PHILOSOPHY. THROUGHOUT THE YEAR, THE THEATRE PUTS ON PERFORMANCES THAT, WHILE ENTERTAINING, ALSO EDUCATE THE PUBLIC ON THE PROTRACTED STRUGGLE FOR LIBERATION. IN ADDITION, THE THEATRE ALSO PROVIDES FREE YOUTH WORKSHOPS THAT TEACH VARIOUS FORMS OF THEATRICAL PERFORMING ARTS INCLUDING DRUMLINE AND INSTRUMENTS, YOUTH CHOIR, AND THEATRE CAMP. LASTLY, THE THEATRE ALSO ACTS AS A COMMUNITY HUB BY OFFERING BUILDING SPACE FREE OF CHARGE FOR NEIGHBORHOOD GROUPS, BUSINESS ASSOCIATIONS, AND OTHER ORGANIZATIONS TO MEET AND WORK ON MAKING FLINT AND GENESEE COUNTY A BETTER PLACE TO LIVE, WORK, AND RAISE A FAMILY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $778,793
Program Service Revenue $89,139
Investment Income $0
Other Revenue $0
TOTAL REVENUE $867,932

Expense Breakdown

Grants Paid $0
Salaries & Benefits $233,260
Fundraising Expenses $30,418
Program Expenses $812,308
Other Expenses $687,203
TOTAL EXPENSES $920,463

Year-over-Year Comparison

2024 2023 Change
Revenue $867,932 $1,000,025 -0.1%
Expenses $920,463 $933,286 0.0%
Net Income $-52,531 $66,739 -1.8%
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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Governance

Voting Members
10
Independent Members
10
Employees
4
Volunteers
5

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
5
$68,697
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES WINFREY EXECUTIVE DI 40.00
Officer
$68,697 $0 $68,697
LINDA BOOTH VOTING MEMBE N/A
Director
$0 $0 $0
NANCY EDWARDS VOTING MEMBE N/A
Director
$0 $0 $0
DAPHNE EPPS VOTING MEMBE N/A
Director
$0 $0 $0
ARTHUR EVANS VOTING MEMBE N/A
Director
$0 $0 $0
HEATHER KALE VOTING MEMBE N/A
Director
$0 $0 $0
CAREN FORDHAM KNIGHT VOTING MEMBE N/A
Director
$0 $0 $0
MELINDA ANDERSON SECRETARY N/A
Officer
$0 $0 $0
EUGENE BOWMEN TREASURER N/A
Officer
$0 $0 $0
SHIRLEY F HENDERSON CHAIRPERSON N/A
Officer
$0 $0 $0
JAMES O SHELLY PHD VICE CHAIRPE N/A
Officer
$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
2024 $867,932 $920,463 $324,732 $-52,531
2023 $1,000,025 $933,286 $408,716 $66,739
2022 $825,565 $822,566 $383,378 $2,999
2021 $750,052 $749,430 $399,343 $622
2020 $542,231 $514,790 $261,905 $27,441
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