IRONWOOD THEATRE INC

EIN: 382833204 501(c)(3) Arts, Culture & Humanities

IRONWOOD, MI

Total Revenue
$752,997
Total Expenses
$335,860
Total Assets
$1,479,713
Net Assets
$1,469,822
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
MI
Phone
9069320618
Tax Period
2024-10-01 to 2025-09-30

IRONWOOD THEATRE INC, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $753K in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $417K, a strong 55% operating margin.

Mission

THE VISION OF THE HISTORIC IRONWOOD THEATRE IS ALL GENERATIONS PERSONALLY EXPERIENCE THE JOY OF THEATRE COMMUNITY.MISSION: TO PRESERVE AND PROVIDE AN ICONIC FACILITY WHERE EVERYONE IS INVITED TO DISCOVER AND ENJOY THE PERFORMING 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $622,046
Program Service Revenue $110,636
Investment Income $20,315
Other Revenue $0
TOTAL REVENUE $752,997

Expense Breakdown

Grants Paid $0
Salaries & Benefits $120,845
Fundraising Expenses $0
Program Expenses $241,417
Other Expenses $215,015
TOTAL EXPENSES $335,860

Year-over-Year Comparison

2024 2023 Change
Revenue $752,997 $492,096 +0.5%
Expenses $335,860 $395,702 -0.2%
Net Income $417,137 $96,394 +3.3%
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

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Governance

Voting Members
8
Independent Members
8
Employees
5
Volunteers
N/A

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
4
$0
Total Directors
4
$0
Key Employees
2
$79,453
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRUCE GREENHILL EXECUTIVE DIRECTOR 0.00
Key Emp
$41,040 $0 $41,040
LINDSEY BOEHNLEIN ADMINISTRATIVE MANAGER 0.00
Key Emp
$38,413 $0 $38,413
LAUREN KORPI BOARD MEMBER 4.00
Director
$0 $0 $0
MARCY KUSZ BOARD MEMBER 4.00
Director
$0 $0 $0
DAN TREGEMBO BOARD MEMBER 2.00
Director
$0 $0 $0
STACY WOOD BOARD MEMBER 2.00
Director
$0 $0 $0
CODY DAIG VICE PRESIDENT 5.00
Officer
$0 $0 $0
JACKIE POWERS TREASURER 5.00
Officer
$0 $0 $0
DOUGLAS MUSKETT PRESIDENT 5.00
Officer
$0 $0 $0
RICHARD JENKINS SECRETARY 2.00
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
2025 $752,997 $335,860 $1,479,713 $417,137
2024 $492,096 $395,702 $1,049,733 $96,394
2023 $305,311 $333,997 $901,911 $-28,686
2022 $246,501 $245,919 $900,393 $582
2021 $213,923 $125,710 $963,003 $88,213
2020 $191,760 $133,990 $839,629 $57,770
2019 $367,413 $164,837 $772,353 $202,576
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