FRIENDS OF THE MIDWEST THEATER (EIN 391944215) - 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

2008

Legal Domicile

Principal Officer

SHARYN WHOLERS

Phone

3086324311

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE MIDWEST THEATER, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $713K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $669K left a modest 6% surplus.

Mission

PRESERVATION AND PUBLIC ENJOYMENT OF A HISTORIC THEATER BUILDING. ENJOYMENT INCLUDES MOVIES, PERFORMING ARTS, YOUTH ARTS AND EDUCATION AND COMMUNITY EVENTS.

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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 $512,004

Program Service Revenue $195,703

Investment Income $5,327

Other Revenue $0

TOTAL REVENUE $713,034

Expense Breakdown

Grants Paid $0

Salaries & Benefits $241,614

Fundraising Expenses $24,161

Program Expenses $459,510

Other Expenses $427,148

TOTAL EXPENSES $668,762

Year-over-Year Comparison

	2023	2022	Change
Revenue	$713,034	$850,631	-0.2%
Expenses	$668,762	$624,773	+0.1%
Net Income	$44,272	$225,858	-0.8%

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

Volunteers

200

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

$60,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARYN WHOLERS	TREASURER	1.00	Officer Director	$0	$0	$0
MARY ROBINSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
TROY COWAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LAURIE ALKIRE	SECRETARY	1.00	Officer Director	$0	$0	$0
SHIRLEY BURFORD	DIRECTOR	1.00	Director	$0	$0	$0
KIM FERGUSON	DIRECTOR	1.00	Director	$0	$0	$0
LORIN KING	DIRECTOR	1.00	Director	$0	$0	$0
DICK MEYER	DIRECTOR	1.00	Director	$0	$0	$0
BILL PETERS	DIRECTOR	1.00	Director	$0	$0	$0
MARILYN RAHMIG	DIRECTOR	1.00	Director	$0	$0	$0
STEW RUSCH	DIRECTOR	1.00	Director	$0	$0	$0
TRACY STEELE	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
LARITA VAN BOSKIRK	DIRECTOR	1.00	Director	$0	$0	$0
JEFF TRACY	EX OFFICIO OFFICER	1.00	Officer Director	$0	$0	$0
TOMINA WORTHMAN	EXECUTIVE DIRECTOR	40.00	Director	$60,000	$0	$60,000

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	No data	No data	No data	No data
2023	$713,034	$668,762	$3,025,086	$44,272
2022	$850,631	$624,773	$2,444,247	$225,858
2021	$746,259	$548,346	$2,136,660	$197,913
2020	$503,085	$519,744	$1,687,572	$-16,659
2019	$554,643	$654,867	$1,681,493	$-100,224
2018	$560,211	$617,567	$1,692,277	$-57,356

FRIENDS OF THE MIDWEST THEATER