CEDAR FALLS COMMUNITY THEATRE INC

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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

1978

Legal Domicile

Principal Officer

PATRICK LYONS

Phone

3192775283

Tax Period

2024-04-01 to 2025-03-31

CEDAR FALLS COMMUNITY THEATRE INC, founded in 1978, is a small nonprofit in the Arts, Culture & Humanities sector that reported $511K in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum.

Mission

TO SHOWCASE COMMUNITY-BASED PERFORMING ARTS IN CEDAR FALLS, IOWA.

Program Service Accomplishments

Program 1

Expenses: $195,133 Revenue: $243,587

THE ORGANIZATION'S MAIN EXEMPT PURPOSE IS THE PRESENTATION OF LIVE THEATRICAL PERFORMANCES IN THE COMMUNITY. THE MISSION OF THE CEDAR FALLS COMMUNITY THEATRE IS TO BE A SHOWCASE FOR THE PERFORMING...

THE ORGANIZATION'S MAIN EXEMPT PURPOSE IS THE PRESENTATION OF LIVE THEATRICAL PERFORMANCES IN THE COMMUNITY. THE MISSION OF THE CEDAR FALLS COMMUNITY THEATRE IS TO BE A SHOWCASE FOR THE PERFORMING ARTS IN THE CITY, TO ENHANCE THE CULTURAL AND ECONOMIC DEVELOPMENT OF THE CITY, AND TO BE A PART OF ITS HISTORICAL PRESERVATION. NORMALLY, FOUR FULL-SCALE PRODUCTIONS AND OTHER SMALLER PERFORMANCES TAKE PLACE EACH YEAR. CEDAR FALLS COMMUNITY THEATRE, INC. PROMOTES FULL UTILIZATION OF THE BUILDING SPACE AND SERVICES TO GENERATE REVENUE TO COVER THE EXPENSES OF THE BUILDING AND THE PROGRAM. IN A NORMAL YEAR, OVER 25,000 PEOPLE WILL VISIT OSTER REGENT PRODUCTIONS, TRAVELING TOURS, RECEPTIONS, CLASSES, AND OTHER MISCELLANEOUS EVENTS.

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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 $207,458

Program Service Revenue $243,587

Investment Income $17,258

Other Revenue $42,214

TOTAL REVENUE $510,517

Expense Breakdown

Grants Paid $0

Salaries & Benefits $214,039

Fundraising Expenses $4,053

Program Expenses $195,133

Other Expenses $319,209

TOTAL EXPENSES $537,301

Year-over-Year Comparison

	2024	2023	Change
Revenue	$510,517	$373,905	+0.4%
Expenses	$537,301	$460,130	+0.2%
Net Income	$-26,784	$-86,225	-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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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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETHANY BROOKS	DIRECTOR	N/A	Director	$0	$0	$0
DAVID DEIN	DIRECTOR	N/A	Director	$0	$0	$0
AMY HASTINGS	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
SHARON KELLEHER	DIRECTOR	N/A	Director	$0	$0	$0
MICHELLE KNAACK	DIRECTOR	N/A	Director	$0	$0	$0
MARNELL LYLE	DIRECTOR	N/A	Director	$0	$0	$0
PATRICK LYONS	PRESIDENT	N/A	Officer Director	$0	$0	$0
BETHANY NELSON	DIRECTOR	N/A	Director	$0	$0	$0
LIANE NICHOLS	DIRECTOR	N/A	Director	$0	$0	$0
KRISTIN TEIG TORRES	SECRETARY	N/A	Officer Director	$0	$0	$0
DAN WATERBURY	TREASURER	N/A	Officer 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	$510,517	$537,301	$731,219	$-26,784
2024	$373,905	$460,130	$752,363	$-86,225
2023	$250,340	$378,254	$849,110	$-127,914
2022	$353,088	$334,101	$991,824	$18,987
2021	$386,610	$283,673	$996,490	$102,937
2020	$306,049	$361,416	$912,926	$-55,367
2019	$288,520	$369,405	$954,282	$-80,885
2018	$642,809	$317,860	$1,046,915	$324,949