THEATRE NORTH (EIN 382713948) - 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

1966

Legal Domicile

Principal Officer

MAGDALENE HILL

Phone

9069324371

Tax Period

2024-07-01 to 2025-06-30

THEATRE NORTH, founded in 1966, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $64K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $81K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PROVIDE CULTURAL EXPERIENCES AND LIVE THEATRE PRODUCTIONS FOR THE GOGEBIC RANGE AREA.

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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 $15,323

Program Service Revenue $43,383

Investment Income $2,798

Other Revenue $2,931

TOTAL REVENUE $64,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $72,974

Other Expenses $81,395

TOTAL EXPENSES $81,395

Year-over-Year Comparison

	2024	2023	Change
Revenue	$64,435	$116,007	-0.4%
Expenses	$81,395	$85,537	0.0%
Net Income	$-16,960	$30,470	-1.6%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAGDALENE HILL	PRESIDENT	20.00	Officer Director	$0	$0	$0
JUDY HOLST	VICE PRESIDE	30.00	Officer Director	$0	$0	$0
HELEN FASHBAUGH	SECRETARY	15.00	Officer Director	$0	$0	$0
DESIREE WALOWINSKI	TREASURER	15.00	Officer Director	$0	$0	$0
JOANN FLEMING	DIRECTOR	30.00	Director	$0	$0	$0
ANGELA BURLA	DIRECTOR	10.00	Director	$0	$0	$0
SARAH EDER	DIRECTOR	8.00	Director	$0	$0	$0
SANDY GERTZ	DIRECTOR	10.00	Director	$0	$0	$0
ALLYSON CONHARTOSKI	DIRECTOR	20.00	Director	$0	$0	$0
KRISTINA WRIGHT	DIRECTOR	8.00	Director	$0	$0	$0
STEVE LUNDEY	DIRECTOR	10.00	Director	$0	$0	$0
BRITTANY BARKUS	DIRECTOR	5.00	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	$64,435	$81,395	$115,750	$-16,960

THEATRE NORTH