THE COMMUNITY THEATRE OF CEDAR RAPIDS INC (EIN 420890913) - 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

1948

Legal Domicile

Principal Officer

KATIE HALLMAN

Phone

3193668592

Tax Period

2023-08-01 to 2024-07-31

THE COMMUNITY THEATRE OF CEDAR RAPIDS INC, founded in 1948, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.4M in total revenue in fiscal year 2023. Revenue surged 116% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 28% operating margin.

Mission

THEATRE CEDAR RAPIDS STRIVES TO CAPTIVATE AND INSPIRE THROUGH THE THEATRICAL AND PERFORMING ARTS. TCR'S VISION IS TO BE A CULTURAL POINT OF PRIDE, CONNECTION, INCLUSION, AND LEARNING, INVIGORATING GROWTH IN THE COMMUNITY.

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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 $3,410,552

Program Service Revenue $1,822,253

Investment Income $17,879

Other Revenue $147,072

TOTAL REVENUE $5,397,756

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,321,702

Fundraising Expenses $344,249

Program Expenses $2,290,541

Other Expenses $2,548,673

TOTAL EXPENSES $3,870,375

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,397,756	$2,501,526	+1.2%
Expenses	$3,870,375	$3,138,801	+0.2%
Net Income	$1,527,381	$-637,275	-3.4%

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

305

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

$134,878

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OLSON TYLER	PRESIDENT	0.80	Officer Director	$0	$0	$0
SMITH LEIGHTON	VICE PRESIDENT	0.80	Officer Director	$0	$0	$0
MCGRATH MURPHY	TREASURER	0.80	Officer Director	$0	$0	$0
ERENBERGER LEANN	SECRETARY	0.80	Officer Director	$0	$0	$0
ATTY JIM	DIRECTOR	0.50	Director	$0	$0	$0
BAXTER DAN	DIRECTOR	0.50	Director	$0	$0	$0
CARROLL PATRICE	DIRECTOR	0.50	Director	$0	$0	$0
FELL TRAVIS	DIRECTOR	0.50	Director	$0	$0	$0
HANSON ERIC	DIRECTOR	0.50	Director	$0	$0	$0
JENSEN MICHELLE	DIRECTOR	0.50	Director	$0	$0	$0
KUNZ PATTI	DIRECTOR	0.50	Director	$0	$0	$0
LANGDON ERIN	DIRECTOR	0.50	Director	$0	$0	$0
LINK JESSICA	DIRECTOR	0.50	Director	$0	$0	$0
LIVENGOOD HILERY	DIRECTOR	0.50	Director	$0	$0	$0
MADSEN SARAH	DIRECTOR	0.50	Director	$0	$0	$0
MERRITT MEGAN	DIRECTOR	0.50	Director	$0	$0	$0
MOWINKLE MALLORY	DIRECTOR	0.50	Director	$0	$0	$0
OLSEN TOBY	DIRECTOR	0.50	Director	$0	$0	$0
PHELPS BECKY	DIRECTOR	0.50	Director	$0	$0	$0
STREIT SUSIE	DIRECTOR	0.50	Director	$0	$0	$0
STRELLNER SHELLY	DIRECTOR	0.50	Director	$0	$0	$0
TERUKINA CATHY	DIRECTOR	0.50	Director	$0	$0	$0
HALLMAN KATIE	EXECUTIVE DIRECTOR	40.00	Officer	$107,438	$27,440	$134,878

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	$5,397,756	$3,870,375	$18,613,342	$1,527,381
2023	$2,501,526	$3,138,801	$3,082,380	$-637,275
2022	$3,794,510	$2,487,631	$3,509,716	$1,306,879
2021	$1,121,721	$1,067,290	$3,558,491	$54,431
2020	$1,580,957	$1,780,405	$3,316,341	$-199,448
2019	$2,040,477	$2,313,503	$4,049,611	$-273,026
2018	$1,966,411	$2,264,424	$4,822,325	$-298,013

THE COMMUNITY THEATRE OF CEDAR RAPIDS INC