CHRISTIAN THEATER ARTS PROJECT

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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

2010

Legal Domicile

Principal Officer

CHRIS WATERMAN

Phone

9514052159

Tax Period

2024-08-01 to 2025-07-31

CHRISTIAN THEATER ARTS PROJECT, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $386K in total revenue in fiscal year 2024.

Mission

CTAP IS COMMITTED TO THE HIGEST ETHICAL, MORAL, TECHICAL AND ARTISTIC STANDARD OF EXCELLANCE. CTAP HOPES TO TRAIN CHILDREN IN THE PERFORMING ARTS, BUILD LEADERSHIP SKILLS, DEVELOP A SENSE OF COMMUNITY AND PROVIDE POSITIVE, GODLY ROLE MODELS TO STUDENTS

Program Service Accomplishments

Program 1

Expenses: $30,195 Revenue: $112,402

CTAP PROFIDES SESSION OF AFTER SCHOOL CLASSES IN A WIDE RANGE OF CATEGORIES INCLUDING DRAMA, VOICE AND DANCE

Program 2

Expenses: $233,743 Revenue: $232,653

CTAP PRODUCES AT LEASE ONE BRAODWAY-STYLE MUSICAL FOR THE COMMUNITY EACH YEAR ALONG IWTH PERFORMANCES FOR ALL THE CHILDREN TO INCLUDED

Program 3

Expenses: $5,076 Revenue: $1,474

CTAP PROVIDES AN ANNUAL SUMMER CAMP FOR CHILDREN AGES 5-8

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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 $39,043

Program Service Revenue $346,529

Investment Income $0

Other Revenue $0

TOTAL REVENUE $385,572

Expense Breakdown

Grants Paid $0

Salaries & Benefits $153,064

Fundraising Expenses $0

Program Expenses $269,014

Other Expenses $233,207

TOTAL EXPENSES $386,271

Year-over-Year Comparison

	2024	2023	Change
Revenue	$385,572	N/A	N/A
Expenses	$386,271	N/A	N/A
Net Income	$-699	N/A	N/A

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

N/A

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

$39,000

Total Directors

$37,350

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS WATERMAN	PRESIDENT	4.00	Officer	$0	$0	$0
CATHY ORRIS	TREASURER	8.00	Officer	$39,000	$0	$39,000
RYAN SHARP	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER LLOYD	EXECUTIVE DIRECTOR	8.00	Director	$37,350	$0	$37,350
RON MCGOWAN	DIRECTOR	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	$385,572	$386,271	$65,491	$-699
2024	$384,431	$375,261	No data	$9,170
2023	$432,305	$421,729	No data	$10,576
2022	$289,317	$286,354	$23,255	$2,963
2020	$216,842	$242,072	$86,924	$-25,230
2019	$371,411	$370,288	$86,346	$1,123
2018	$326,602	$308,341	$101,220	$18,261