WATER WORKS THEATRE COMPANY INC (EIN 383606630) - 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

2001

Legal Domicile

Principal Officer

EDWARD M NAHHAT

Phone

2485281111

Tax Period

2024-01-01 to 2024-12-31

WATER WORKS THEATRE COMPANY INC, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $382K in total revenue in fiscal year 2024. Revenue surged 335% from the prior year, signaling strong growth momentum. Expenses of $335K left a modest 12% surplus.

Mission

FOR OVER 20 YEARS, SHAKESPEARE ROYAL OAK HAS OFFERED THE WONDERFUL WORK OF THE BARD - WITH MICHIGANS BEST PROFESSIONAL AND EMERGING PROFESSIONAL ARTISTS - IN A ONE-OF-A-KIND OUTDOOR SUMMER SETTING

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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 $41,971

Program Service Revenue $339,576

Investment Income $28

Other Revenue $0

TOTAL REVENUE $381,575

Expense Breakdown

Grants Paid $80

Salaries & Benefits $0

Fundraising Expenses $750

Program Expenses $317,852

Other Expenses $334,721

TOTAL EXPENSES $334,801

Year-over-Year Comparison

	2024	2023	Change
Revenue	$381,575	$87,748	+3.3%
Expenses	$334,801	$104,289	+2.2%
Net Income	$46,774	$-16,541	-3.8%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD M NAHHAT	CHAIRMAN PRESIDENT	3.00	Officer	$0	$0	$0
JAN SCHMITT	DIRECTOR	1.00	Officer	$0	$0	$0
HOLLY CONROY	DIRECTOR SECRETARY	1.00	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
2024	$381,575	$334,801	$64,067	$46,774
2023	$87,748	$104,289	$17,490	$-16,541
2022	$335,847	$345,802	$33,597	$-9,955

WATER WORKS THEATRE COMPANY INC