WILLMAR COMMUNITY THEATRE INC

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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

1964

Legal Domicile

Principal Officer

MATTHEW ONNEN

Phone

3202359500

Tax Period

2023-10-01 to 2024-09-30

WILLMAR COMMUNITY THEATRE INC, founded in 1964, is a small nonprofit in the Arts, Culture & Humanities sector that reported $326K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $363K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE THEATRE'S MISSION IS TO PROVIDE AFFORDABLE, QUALITY PERFORMING ARTS TO WEST CENTRAL MINNESOTA.

Program Service Accomplishments

Program 1

Expenses: $287,717

THE WILLMAR COMMUNITY THEATRE, INC. PRODUCED SEVEN PLAYS DURING THE FISCAL YEAR AND PROVIDED INDIVIDUALS WITH THE OPPORTUNITY TO PARTICIPATE IN CULTURAL AND EDUCATIONAL ACTIVITIES WHICH ARE OTHERWISE...

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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 $129,575

Program Service Revenue $193,362

Investment Income $1

Other Revenue $3,109

TOTAL REVENUE $326,047

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,115

Fundraising Expenses $0

Program Expenses $287,717

Other Expenses $274,899

TOTAL EXPENSES $363,014

Year-over-Year Comparison

	2023	2022	Change
Revenue	$326,047	$349,009	-0.1%
Expenses	$363,014	$354,165	+0.0%
Net Income	$-36,967	$-5,156	+6.2%

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

260

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
JESS ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT BLISS	BOARD MEMBER	1.00	Director	$0	$0	$0
JORDAN GATEWOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK GILMORE	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
JOANNA JERZAK	SECRETARY	1.00	Officer Director	$0	$0	$0
DAWN LIPPERT	MEMBER AT LA	1.00	Director	$0	$0	$0
ANTHONY OGDAHL	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MATTHEW ONNEN	TREASURER	1.00	Officer Director	$0	$0	$0
BAILEY STAHL	BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA WALLACE	BOARD MEMBER	1.00	Director	$0	$0	$0
COLE WOLTJER	BOARD MEMBER	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	$326,047	$363,014	$1,099,005	$-36,967
2023	$349,009	$354,165	$1,149,058	$-5,156
2022	$441,243	$337,362	$1,159,937	$103,881
2021	$264,270	$221,997	$1,217,438	$42,273
2020	$210,638	$233,685	$1,114,881	$-23,047
2019	$258,883	$297,793	$1,064,133	$-38,910
2018	$213,128	$284,199	$1,072,594	$-71,071