LEGACY THEATRE INC NFP

EIN: 452656172 501(c)(3) Arts, Culture & Humanities

SPRINGFIELD, IL

Total Revenue
$308,982
Total Expenses
$163,260
Total Assets
$425,191
Net Assets
$367,459
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
IL
Principal Officer
SCOTT RICHARDSON
Phone
2177933800
Tax Period
2024-01-01 to 2024-12-31

LEGACY THEATRE INC NFP, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $309K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $146K, a strong 47% operating margin.

Mission

THE LEGACY THEATRE IS ESTABLISHED TO PROVIDE A VENUE FOR THE PRESENTATION OF QUALITY ARTS PROGRAMMING THAT ENTERTAINS, EDUCATES, CHALLENGES AND INSPIRES THE CENTAL ILLINOIS COMMUNITY THROUGH A VARIED PROGRAM OF THEATRE, MUSIC, FILM, LITERATURE, DANCE AND CHILDREN'S PROGRAMMING. THE LEGACY THEATRE FOSTERS AN ENVIRONMENT WHERE CREATIVE EXPLORATION OF THE ARTS IS EMBRACED AND NURTURED IN AN ATMOSPHERE OF SUPPORT AND RESPECT.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $34,591
Program Service Revenue $260,334
Investment Income $12,802
Other Revenue $1,255
TOTAL REVENUE $308,982

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $144,957
Other Expenses $163,260
TOTAL EXPENSES $163,260

Year-over-Year Comparison

2024 2023 Change
Revenue $308,982 $246,015 +0.3%
Expenses $163,260 $222,002 -0.3%
Net Income $145,722 $24,013 +5.1%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
130

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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LUKE BECKER BOARD MEMBER 1.00
Director
$0 $0 $0
SUSAN COLLIER BOARD MEMBER 1.00
Director
$0 $0 $0
SUSAN KUNZ BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF NEVINS BOARD MEMBER 1.00
Director
$0 $0 $0
NICHOLAS WILLIAMS BOARD MEMBER 1.00
Director
$0 $0 $0
WENDY HAYWARD TREASURER 1.00
Officer
$0 $0 $0
MARY MCDONALD SECRETARY 1.00
Officer
$0 $0 $0
SCOTT RICHARDSON PRESIDENT 1.00
Officer
$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
2024 $308,982 $163,260 $425,191 $145,722
2023 $246,015 $222,002 $325,726 $24,013
2023 $211,417 $172,594 $301,064 $38,823
2022 $42,514 $167,977 $229,549 $-125,463
2021 $261,701 $225,320 $320,410 $36,381
2020 $86,283 $101,110 $284,029 $-14,827
2019 $300,517 $298,143 $337,491 $2,374
2018 $389,069 $367,216 $297,481 $21,853
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