STATE THEATRE - BAY CITYBAY COUNTY (EIN 383562110) - 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

2000

Legal Domicile

Principal Officer

MICHAEL BACIGALUPO

Phone

9898922660

Tax Period

2020-01-01 to 2020-12-31

STATE THEATRE - BAY CITYBAY COUNTY, founded in 2000, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2020. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $628K, a strong 47% operating margin.

Mission

TO PROVIDE PERFORMING ARTS AND FILMS TO ENHANCE THE CULTURAL OPPORTUNITIES OF ALL PEOPLE THROUGHOUT MID MICHIGAN AND BEYOND.

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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 (2020)

Revenue Breakdown

Contributions & Grants $1,174,812

Program Service Revenue $129,918

Investment Income $1,145

Other Revenue $18,887

TOTAL REVENUE $1,324,762

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,513

Fundraising Expenses $17,036

Program Expenses $605,844

Other Expenses $571,817

TOTAL EXPENSES $696,330

Year-over-Year Comparison

	2020	2019	Change
Revenue	$1,324,762	$1,465,815	-0.1%
Expenses	$696,330	$793,461	-0.1%
Net Income	$628,432	$672,354	-0.1%

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

$18,354

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BACIGALUPO	CHIEF OP. OF	40.00	Officer	$13,154	$5,200	$18,354
JACK KIDWELL	MEMBER AT LA	8.00	Director	$0	$0	$0
MARK DELESTOWICZ	CHAIRPERSON	4.00	Officer Director	$0	$0	$0
TERA SZELIGA	VICE CHAIRPE	4.00	Officer Director	$0	$0	$0
STEPHANIE KOLOMAK	TREASURER	4.00	Officer Director	$0	$0	$0
JEFF STAUDACHER	MEMBER AT LA	4.00	Director	$0	$0	$0
KENDRA CHRISTENSEN	MEMBER AT LA	4.00	Director	$0	$0	$0
BILL SCHUBERT	MEMBER AT LA	4.00	Director	$0	$0	$0
JESSE PERO	SECRETARY	4.00	Officer 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
2020	$1,324,762	$696,330	$3,271,062	$628,432
2020	$524,762	$2,292,458	$1,700,440	$-1,767,696
2019	$1,465,815	$793,461	$2,471,933	$672,354
2019	$1,545,815	$785,461	$2,484,933	$760,354
2018	$1,099,017	$2,454,655	$1,691,165	$-1,355,638

STATE THEATRE - BAY CITYBAY COUNTY