TERRA CLASSICAL THEATER INC (EIN 453653198) - 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

2008

Legal Domicile

Principal Officer

KIMBERLY FRASSETT

Phone

7148475771

Tax Period

2021-06-01 to 2022-05-31

TERRA CLASSICAL THEATER INC, founded in 2008, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2021. Revenue surged 67% from the prior year, signaling strong growth momentum.

Mission

To promote high standards in the community in artistry, craftsmanship, education and theater. to influence our community for greater public appreciation of arts

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,113,237

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,113,237

Expense Breakdown

Grants Paid $0

Salaries & Benefits $723,656

Fundraising Expenses $14,084

Program Expenses $973,747

Other Expenses $437,516

TOTAL EXPENSES $1,161,172

Year-over-Year Comparison

	2021	2020	Change
Revenue	$1,113,237	$665,123	+0.7%
Expenses	$1,161,172	$806,675	+0.4%
Net Income	$-47,935	$-141,552	-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

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

$158,631

Total Directors

$158,631

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY FRASSETT	President & CEO	40.00	Officer Director	$99,786	$0	$99,786
JAYME FRASSETT	Secretary	25.00	Officer Director	$58,845	$0	$58,845
DR CC EVANS-PUGLISE	CFO	10.00	Officer Director	$0	$0	$0
LINDA YARDLEY	Director	10.00	Director	$0	$0	$0
ERIC CHENEY	Director	10.00	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
2022	$1,113,237	$1,161,172	$161,660	$-47,935
2021	$665,123	$806,675	$178,281	$-141,552
2020	$710,026	$727,004	$123,760	$-16,978

TERRA CLASSICAL THEATER INC