ALBERT LEA COMMUNITY THEATER INC

EIN: 416052397 501(c)(3) Arts, Culture & Humanities

ALBERT LEA, MN

Total Revenue
$153,496
Total Expenses
$184,856
Total Assets
$261,350
Net Assets
$258,780
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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
1965
Legal Domicile
MN
Principal Officer
ERIN SCHLAAK
Phone
5073733064
Tax Period
2024-08-01 to 2025-07-31

ALBERT LEA COMMUNITY THEATER INC, founded in 1965, is a small nonprofit in the Arts, Culture & Humanities sector that reported $153K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $185K exceeded revenue, resulting in a 20% operating deficit.

Mission

OPERATION OF COMMUNITY THEATER

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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 $17,606
Program Service Revenue $120,772
Investment Income $1,721
Other Revenue $13,397
TOTAL REVENUE $153,496

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $151,379
Other Expenses $184,856
TOTAL EXPENSES $184,856

Year-over-Year Comparison

2024 2023 Change
Revenue $153,496 $172,241 -0.1%
Expenses $184,856 $190,341 0.0%
Net Income $-31,360 $-18,100 +0.7%
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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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
N/A

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
4
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRIS BARTLEY DIRECTOR N/A
Director
$0 $0 $0
STEVE BOWRON DIRECTOR N/A
Director
$0 $0 $0
KRISTAN DYE PRESIDENT N/A
Officer Director
$0 $0 $0
CHRISTY FULLER VICE PRESIDE N/A
Officer Director
$0 $0 $0
AMBER MATTSON SECRETARY N/A
Officer Director
$0 $0 $0
AARON MCVICKER DIRECTOR N/A
Director
$0 $0 $0
CHRISTIE NESS DIRECTOR N/A
Director
$0 $0 $0
GLEN PARSONS DIRECTOR N/A
Director
$0 $0 $0
BEN SCHLAAK DIRECTOR N/A
Director
$0 $0 $0
ERIN SCHLAAK TREASURER N/A
Officer Director
$0 $0 $0
ANDREW SCHWARZ DIRECTOR N/A
Director
$0 $0 $0
CORISSA SCHWARZ DIRECTOR N/A
Director
$0 $0 $0
HEIDI STOLTENBERG DIRECTOR N/A
Director
$0 $0 $0
KRISTI WHITE DIRECTOR N/A
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 $153,496 $184,856 $261,350 $-31,360
2024 $172,241 $190,341 $292,972 $-18,100
2023 $159,445 $200,316 $311,072 $-40,871
2022 $299,137 $169,780 $351,943 $129,357
2021 $24,027 $29,756 $222,765 $-5,729
2020 $123,014 $124,826 $228,495 $-1,812
2019 $206,262 $200,933 $230,307 $5,329
2018 $201,858 $192,164 $226,219 $9,694
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