THE MICHIGAN THEATRE OF JACKSON INC (EIN 383138265) - 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

1993

Legal Domicile

Principal Officer

KATHRYN SNYDER

Phone

5177830962

Tax Period

2024-01-01 to 2024-12-31

THE MICHIGAN THEATRE OF JACKSON INC, founded in 1993, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.4M, a strong 67% operating margin.

Mission

TO RENOVATE AND RESTORE THE HISTORIC THEATRE AND TO PROVIDE A VERSATILE CENTER FOR THE ARTS, ENTERTAINMENT, AND EDUCATION.

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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 $1,778,744

Program Service Revenue $234,489

Investment Income $78,152

Other Revenue $0

TOTAL REVENUE $2,091,385

Expense Breakdown

Grants Paid $0

Salaries & Benefits $241,760

Fundraising Expenses $68,706

Program Expenses $511,259

Other Expenses $438,187

TOTAL EXPENSES $679,947

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,091,385	$4,038,299	-0.5%
Expenses	$679,947	$611,809	+0.1%
Net Income	$1,411,438	$3,426,490	-0.6%

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

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

$73,558

Total Directors

$73,558

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE TUCKER	EXECUTIVE DI	40.00	Officer Director	$73,558	$0	$73,558
CHARLES AHRONHEIM	SECRETARY	2.00	Officer Director	$0	$0	$0
MARY BAZINET	TREASURER	2.00	Officer Director	$0	$0	$0
ERIC COLE	DIRECTOR	1.00	Director	$0	$0	$0
DAVE HEINS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CATHY MOORE	DIRECTOR	1.00	Director	$0	$0	$0
DONNA RILEY	DIRECTOR	1.00	Director	$0	$0	$0
SHUYLER ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
KATHY SCHMALTZ	DIRECTOR	1.00	Director	$0	$0	$0
KATHRYN SNYDER	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
SUE STEVENS	DIRECTOR	1.00	Director	$0	$0	$0
NAN WHITMORE	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE WOODS	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
2024	$2,091,385	$679,947	$6,729,915	$1,411,438
2023	$4,038,299	$611,809	$6,096,863	$3,426,490
2022	$835,331	$937,725	$1,737,326	$-102,394
2021	$714,397	$460,042	$1,669,704	$254,355
2020	$378,219	$262,731	$1,438,274	$115,488
2019	$774,923	$634,657	$1,274,169	$140,266
2018	$434,799	$482,168	$1,129,395	$-47,369

THE MICHIGAN THEATRE OF JACKSON INC