Open Eye Theatre (EIN 411966806) - 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

2000

Legal Domicile

Phone

6128746338

Tax Period

2024-09-01 to 2025-08-31

Open Eye Theatre, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $490K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

Open Eye serves artists and audiences by advancing adventurous and imaginative arts programming in theatre, puppetry, live music, dance, and storytelling.

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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 $235,672

Program Service Revenue $168,811

Investment Income $2,167

Other Revenue $83,336

TOTAL REVENUE $489,986

Expense Breakdown

Grants Paid $0

Salaries & Benefits $173,845

Fundraising Expenses $12,463

Program Expenses $462,654

Other Expenses $314,554

TOTAL EXPENSES $488,399

Year-over-Year Comparison

	2024	2023	Change
Revenue	$489,986	$388,300	+0.3%
Expenses	$488,399	$401,356	+0.2%
Net Income	$1,587	$-13,056	-1.1%

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

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

$85,040

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joel Sass	Executive Dir.	40.00	Director	$85,040	$0	$85,040
Stephen Noyes	Vice President	2.00	Officer Director	$0	$0	$0
John Buttolph	President	2.00	Officer Director	$0	$0	$0
Daniel Pinkerton	Secretary	2.00	Officer Director	$0	$0	$0
Steve Boland	Treasurer	2.00	Director	$0	$0	$0
Jean Morrison	Director	1.00	Director	$0	$0	$0
Marissa McDowell	Director	1.00	Director	$0	$0	$0
Virginia Sutton	Director	1.00	Director	$0	$0	$0
Katie Schmieg Miller	Director	1.00	Director	$0	$0	$0
Temma Shankman	Director	1.00	Director	$0	$0	$0
Rick Cousins	Director	1.00	Director	$0	$0	$0
Ellie Skelton	Director	1.00	Director	$0	$0	$0
Mollie O'Connor	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
2025	$489,986	$488,399	$471,976	$1,587
2024	$388,300	$401,356	$454,178	$-13,056
2023	$375,161	$406,641	$456,987	$-31,480
2022	$494,913	$384,132	$485,143	$110,781
2021	$321,549	$221,985	$406,079	$99,564
2020	$256,506	$276,397	$294,720	$-19,891
2019	$352,762	$335,230	$369,635	$17,532
2018	$341,496	$359,575	$311,253	$-18,079

Open Eye Theatre