VERONA AREA COMMUNITY THEATER INC … - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

BRIAN D JOHNSON

Phone

6088357990

Tax Period

2023-10-01 to 2024-09-30

VERONA AREA COMMUNITY THEATER INC C/O DEE BALDOCK, founded in 1992, is a small nonprofit in the Arts, Culture & Humanities sector that reported $457K in total revenue in fiscal year 2023. Net assets of $2.3M represent 61 months of operating reserves.

Mission

VERONA AREA COMMUNITY THEATER, INC. (VACT) OFFERS THE VERONA, WISCONSIN AREA COMMUNITY OPPORTUNITIES TO PARTICIPATE IN AND ENJOY ALL FACETS OF COMMUNITY THEATER. THE MISSION FOR VACT, INC. IS TO SUPPORT PRODUCTIONS AND PROJECTS THAT AUGMENT AND ENHANCE THE ARTISTIC EXPERIENCE FOR ALL WHO PARTICIPATE WHETHER ON STAGE, BEHIND THE SCENES OR IN THE AUDIENCE. THESE PRODUCTIONS ARE UNDERSTOOD TO BE OCCASIONS TO REFINE SKILLS, LEARN NEW ONES, AND HAVE FUN. IT IS AN ORGANIZATION GOAL TO OFFER AFFORDABLE ACCESS TO THEATER TO THE WIDER COMMUNITY AND TO PROVIDE EDUCATIONAL ACTIVITIES FOR VERONA AREA RESIDENTS IN ALL ASPECTS OF STAGING THEATRICAL PRODUCTIONS.

Program Service Accomplishments

Program 1

Expenses: $54,973 Revenue: $34,895

HOLIDAY SHOW - THE WEDDING SINGER35 COMMUNITY MEMBERS PARTICIPATEDATTENDANCE WAS 1,552

Program 2

Expenses: $54,665 Revenue: $88,090

EDUCATION PROGRAM

Program 3

Expenses: $46,028 Revenue: $62,447

SUMMER DRAMA CAMP

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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 (2023)

Revenue Breakdown

Contributions & Grants $65,475

Program Service Revenue $366,277

Investment Income $20,388

Other Revenue $5,075

TOTAL REVENUE $457,215

Expense Breakdown

Grants Paid $109

Salaries & Benefits $81,388

Fundraising Expenses $0

Program Expenses $307,012

Other Expenses $372,540

TOTAL EXPENSES $454,037

Year-over-Year Comparison

	2023	2022	Change
Revenue	$457,215	$456,854	+0.0%
Expenses	$454,037	$451,843	+0.0%
Net Income	$3,178	$5,011	-0.4%

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

409

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
DALE NICKELS	PRESIDENT	2.00	Officer Director	$0	$0	$0
SARA WARD CASSADY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ELIZABETH KRAEMER	SECRETARY	2.00	Officer Director	$0	$0	$0
BRIAN JOHNSON	TREASURER	2.00	Officer Director	$0	$0	$0
DEE BALDOCK	COMPTROLLER	2.00	Director	$0	$0	$0
TOM ARNOL	DIRECTOR	1.00	Director	$0	$0	$0
KELLY KENDRICKS	DIRECTOR	1.00	Director	$0	$0	$0
MARIE KYLE	DIRECTOR	1.00	Director	$0	$0	$0
SARAH LEDERER	DIRECTOR	1.00	Director	$0	$0	$0
BILL OWENS	DIRECTOR	1.00	Director	$0	$0	$0
PAUL STILLER	DIRECTOR	1.00	Director	$0	$0	$0
LYNN VILKER	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	$457,215	$454,037	$2,356,734	$3,178
2023	$456,854	$451,843	$2,352,416	$5,011
2022	$410,020	$360,315	$2,342,488	$49,705
2021	$193,551	$228,312	$2,290,799	$-34,761
2020	$270,642	$291,560	$2,316,630	$-20,918
2019	$426,669	$360,232	$2,382,538	$66,437
2018	$394,956	$280,229	$2,413,241	$114,727

VERONA AREA COMMUNITY THEATER INC C/O DEE BALDOCK