THE COMMUNITY THEATRE OF CEDAR RAP… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1948

Legal Domicile

Principal Officer

ANGIE TOOMSEN

Phone

3193668592

Tax Period

2024-08-01 to 2025-07-31

THE COMMUNITY THEATRE OF CEDAR RAPIDS INC, founded in 1948, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.0M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.3M, a strong 47% 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.

Program Service Accomplishments

Program 1

Expenses: $2,004,043 Revenue: $1,843,511

THEATRE PRODUCTIONS: EACH YEAR, TCR WELCOMES APPROXIMATELY 60,000 VISITORS TO A ROBUST SEASON OF MUSICALS AND PLAYS WITH ADDITIONAL WORK, FROM NATIONAL CELEBRITY PERFORMERS TO COMEDY, BURLESQUE, AND MUCH MORE. THE FOLLOWING PRODUCTIONS WERE HELD:- 6 MAIN AUDITORIUM PRODUCTIONS FOR 104 PERFORMANCES- 3 GRANDON PRODUCTIONS FOR 48 PERFORMANCES- 1 BRUCEMORE PRODUCTION FOR 11 PERFORMANCES- ONE YOUTH PRODUCTION FOR 20 PERFORMANCES- 2 SPECIAL EVENTS- 12 RENTALS

Program 2

Expenses: $81,741 Revenue: $121,518

EDUCATIONAL PROGRAMS: A TOTAL OF 1,367 YOUTH AND 42 ADULTS PARTICIPATED IN A RANGE OF VIRTUAL AND ONSITE EDUCATION PROGRAMS INCLUDING CLASSES AND CAMPS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,861,870

Program Service Revenue $1,967,529

Investment Income $14,103

Other Revenue $189,416

TOTAL REVENUE $7,032,918

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,383,057

Fundraising Expenses $185,090

Program Expenses $2,085,784

Other Expenses $2,342,589

TOTAL EXPENSES $3,725,646

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,032,918	$5,397,756	+0.3%
Expenses	$3,725,646	$3,870,375	0.0%
Net Income	$3,307,272	$1,527,381	+1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

377

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

$138,837

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	0.80	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	$110,062	$28,775	$138,837

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	$7,032,918	$3,725,646	$21,838,333	$3,307,272
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