LOCAL THEATER COMPANY

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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

2011

Legal Domicile

Tax Period

2023-06-01 to 2024-05-31

LOCAL THEATER COMPANY, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $460K in total revenue in fiscal year 2023. Expenses of $558K exceeded revenue, resulting in a 21% operating deficit.

Mission

ENGAGE AUDIENCES THROUGH INNOVATIVE PERFORMANCES THAT SPARK CAMARADERIE, LEARNING, AND CONTEMPLATION, AND PROVIDE A RESOURCEFUL ENVIRONMENT FOR THEATER ARTISTS TO TAKE CREATIVE RISKS AND DEVELOP THEIR WORK..

Program Service Accomplishments

Program 1

Expenses: $346,943

SINCE 2011, LOCAL THEATER COMPANY (LTC) HAS DISCOVERED, DEVELOPED, AND PRODUCED EXCEPTIONAL NEW THEATRICAL WORKS. ARTISTS GROW THEIR WORK WITHIN A FERTILE ARTISTIC ENVIRONMENT. AUDIENCES ARE...

SINCE 2011, LOCAL THEATER COMPANY (LTC) HAS DISCOVERED, DEVELOPED, AND PRODUCED EXCEPTIONAL NEW THEATRICAL WORKS. ARTISTS GROW THEIR WORK WITHIN A FERTILE ARTISTIC ENVIRONMENT. AUDIENCES ARE CULTIVATED TO PARTICIPATE IN THE NEW PLAY PROCESS THROUGH INCLUSION IN EVERY STAGE. WITH 60 STAFF, BOARD, AND ASSOCIATE ARTISTS, LTC HAS PRODUCED 53 NEW PLAY READINGS AT LOCAL LAB, 15 FULLY PRODUCED WORLD-PREMIER PRODUCTIONS, AND EDUCATED MORE THAN 500 MIDDLE SCHOOL STUDENTS. IN THE 2023-24 SEASON, LTC PROGRAMS INCLUDED THE LIVE, WORLD PREMIER PRODUCTION OF RAISED ON RONSTADT BY GERREE HINSHAW, LOCAL LAB NEW PLAY FESTIVAL, LOCALWRITES LITERACY RESIDENCY FOR MIDDLE SCHOOL, AND THE COME TOGETHER ENGAGEMENT SERIES.

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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 $404,405

Program Service Revenue $54,713

Investment Income $393

Other Revenue $862

TOTAL REVENUE $460,373

Expense Breakdown

Grants Paid $0

Salaries & Benefits $236,723

Fundraising Expenses $87,585

Program Expenses $346,943

Other Expenses $320,877

TOTAL EXPENSES $557,600

Year-over-Year Comparison

	2023	2022	Change
Revenue	$460,373	$444,961	+0.0%
Expenses	$557,600	$404,907	+0.4%
Net Income	$-97,227	$40,054	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANE BUTCHER	Director	2.00	Director	$0	$0	$0
LORENZO GONZALEZ	Director	2.00	Director	$0	$0	$0
WILL MISKO	CO-CHAIR	2.00	Officer Director	$0	$0	$0
EMILY LAWRENCE	Director	2.00	Director	$0	$0	$0
LARI ABRAHAM	Secretary	2.00	Officer Director	$0	$0	$0
GERREE ANDERSON	Director	2.00	Director	$0	$0	$0
TED KAWULOK	Treasurer	2.00	Officer Director	$0	$0	$0
MICHANDA LINDSEY	CO-CHAIR	2.00	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	No data	No data	No data	No data
2024	$460,373	$557,600	$72,042	$-97,227
2022	$444,961	$404,907	$195,885	$40,054
2021	$321,666	$419,627	$138,868	$-97,961
2020	$309,936	$232,862	$134,432	$77,074
2019	$289,301	$335,700	$16,387	$-46,399
2018	$301,655	$294,793	$28,605	$6,862