NORTH RALEIGH ARTS & CREATIVE THEATRE (EIN 421540362) - 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

2003

Legal Domicile

Principal Officer

CHRISTOPHER MAXWELL

Phone

9198660228

Tax Period

2023-07-01 to 2024-06-30

NORTH RALEIGH ARTS & CREATIVE THEATRE, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $393K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

NORTH RALEIGH ARTS AND CREATIVE THEATRE SEEKS TO ENGAGE ALL MEMBERS OF OUR COMMUNITY BY OFFERING HIGH QUALITY ENTERTAINMENT AND THEATRE EDUCATION. WE ENCOURAGE THE DEVELOPMENT OF LIFE SKILLS WHILE PROVIDING OPPORTUNITIES TO DEVELOP A LIFELONG PASSION FOR THEATRE. WE PRESENT INNOVATIVE THEATRE EXPERIENCES WHICH ARE ARTISTICALLY VALUABLE AND ENTERTAINING.

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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 $190,950

Program Service Revenue $186,232

Investment Income $16,093

Other Revenue $0

TOTAL REVENUE $393,275

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,222

Fundraising Expenses $11,264

Program Expenses $314,822

Other Expenses $309,739

TOTAL EXPENSES $389,961

Year-over-Year Comparison

	2023	2022	Change
Revenue	$393,275	$358,095	+0.1%
Expenses	$389,961	$345,738	+0.1%
Net Income	$3,314	$12,357	-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
CHRISTOPHER MAXWELL	PRESIDENT	3.00	Officer Director	$0	$0	$0
CHELSEY SKALSKI	SECRETARY	2.00	Officer Director	$0	$0	$0
VINCENT MOSS	TREASURER	2.00	Officer Director	$0	$0	$0
LINDSEY ATKINS	AT-LARGE	1.00	Director	$0	$0	$0
NIKITA BEATTY	AT-LARGE	1.00	Director	$0	$0	$0
CHRIS BEAZER	AT-LARGE	1.00	Director	$0	$0	$0
SEAN BROSNAHAN	AT-LARGE	2.00	Director	$0	$0	$0
DANIEL CARLISTO	AT-LARGE	1.00	Director	$0	$0	$0
RONI CARRINGTON	AT-LARGE	1.00	Director	$0	$0	$0
JESSICA ELLINGTON	AT-LARGE	1.00	Director	$0	$0	$0
ARRYN GONZALEZ	AT-LARGE	1.00	Director	$0	$0	$0
NATHAN HAMILTON	AT-LARGE	1.00	Director	$0	$0	$0
NATASHA JACKSON	AT-LARGE	1.00	Director	$0	$0	$0
TIMOTHY LOCKLEAR	AT-LARGE	1.00	Director	$0	$0	$0
SEAN MALONE	AT-LARGE	1.00	Director	$0	$0	$0
MIKE MCGEE	AT-LARGE	1.00	Director	$0	$0	$0
HUNTER TAYLOR	AT-LARGE	1.00	Director	$0	$0	$0
GREG TOFT	AT-LARGE	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	No data	No data	No data	No data
2024	$393,275	$389,961	$738,422	$3,314
2023	$358,095	$345,738	$788,268	$12,357
2022	$348,352	$263,850	$515,384	$84,502
2021	$125,121	$73,398	$414,685	$51,723
2020	$224,074	$150,929	$370,799	$73,145
2019	$266,090	$233,718	$188,384	$32,372
2018	$236,069	$218,147	$130,712	$17,922

NORTH RALEIGH ARTS & CREATIVE THEATRE