PENUMBRA THEATRE COMPANY INC

EIN: 411563764 501(c)(3) Arts, Culture & Humanities

ST PAUL, MN

Total Revenue
$2,032,867
Total Expenses
$3,287,621
Total Assets
$7,204,340
Net Assets
$6,907,720
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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
1986
Legal Domicile
MN
Principal Officer
AMY THOMAS
Phone
6512886780
Tax Period
2024-07-01 to 2025-06-30

PENUMBRA THEATRE COMPANY INC, founded in 1986, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2024. Expenses of $3.3M exceeded revenue, resulting in a 62% operating deficit.

Mission

PENUMBRA THEATRE COMPANY CREATES PROFESSIONAL PRODUCTIONS THAT ARE ARTISTICALLY EXCELLENT, THOUGHT PROVOKING, RELEVANT AND THAT ILLUMINATE THE HUMAN CONDITION THROUGH THE PRISM OF THE AFRICAN AMERICAN EXPERIENCE. TODAY, PENUMBRA IS EVOLVING INTO A CENTER FOR RACIAL HEALING. THE PENUMBRA OF THE FUTURE IS A DYNAMIC PERFORMING ARTS, RETREAT, AND LEARNING CENTER DEVELOPING NEW WORK, IDEAS, AND SUSTAINABLE STRATEGIES FOR SOCIAL CHANGE. BUILDING UPON ITS HISTORY, PENUMBRA WILL OFFER NEW ARTISTIC PROGRAMS, ROBUST EQUITY TRAINING, WELLNESS SERVICES AND YOUTH ENGAGEMENTS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,334,583
Program Service Revenue $442,782
Investment Income $245,618
Other Revenue $9,884
TOTAL REVENUE $2,032,867

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,529,946
Fundraising Expenses $348,651
Program Expenses $2,481,800
Other Expenses $1,680,526
TOTAL EXPENSES $3,287,621

Year-over-Year Comparison

2024 2023 Change
Revenue $2,032,867 $2,127,399 0.0%
Expenses $3,287,621 $3,820,105 -0.1%
Net Income $-1,254,754 $-1,692,706 -0.3%
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

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Governance

Voting Members
16
Independent Members
14
Employees
131
Volunteers
30

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
7
$296,601
Total Directors
16
$290,352
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARAH BELLAMY PRESIDENT 40.00
Officer Director
$140,744 $12,743 $153,487
AMY THOMAS COO 40.00
Officer
$128,478 $14,636 $143,114
LOU BELLAMY FOUNDER, ART 10.00
Director
$136,865 $0 $136,865
MELANIE DOUGLAS BOARD CHAIR 1.00
Officer Director
$0 $0 $0
JEANNINE BEFIDI FIRST VICE C 1.00
Officer Director
$0 $0 $0
MARK MCLELLAN SECOND VICE 1.00
Officer Director
$0 $0 $0
JAVONTE ANYABWELE TREASURER 1.00
Officer Director
$0 $0 $0
MARCUS HILL SECRETARY 1.00
Officer Director
$0 $0 $0
PAUL ACITO BOARD MEMBER 1.00
Director
$0 $0 $0
MARCUS FISCHER BOARD MEMBER 1.00
Director
$0 $0 $0
DUANE JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN MALER BOARD MEMBER 1.00
Director
$0 $0 $0
LAYLA NOURAEE BOARD MEMBER 1.00
Director
$0 $0 $0
JEFFREY N SAUNDERS BOARD MEMBER 1.00
Director
$0 $0 $0
TIM SULLIVAN BOARD MEMBER 1.00
Director
$0 $0 $0
JOE WALD BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID WELLIVER 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
2025 $2,032,867 $3,287,621 $7,204,340 $-1,254,754
2024 $2,127,399 $3,820,105 $8,538,243 $-1,692,706
2023 $2,944,062 $3,695,941 $10,287,664 $-751,879
2022 $2,011,961 $2,341,218 $10,977,154 $-329,257
2021 $11,767,246 $1,737,930 $11,072,613 $10,029,316
2020 $2,197,350 $1,986,084 $1,615,672 $211,266
2019 $2,157,189 $2,196,710 $1,011,756 $-39,521
2018 $2,115,636 $2,061,170 $1,800,477 $54,466
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