TRUTHBASE THEATRICALS INC

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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

2012

Legal Domicile

Principal Officer

CORRIE COOPER

Tax Period

2021-01-01 to 2021-12-31

TRUTHBASE THEATRICALS INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $102K in total revenue in fiscal year 2021. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $29K, a strong 29% operating margin.

Program Service Accomplishments

Program 1

Expenses: $71,492 Revenue: $20,776

TRUTHBASE THEATRICALS IS FUNDED THROUGH TUITION AND TICKET SALES AND RELIES ON DONATIONS TO HELP SUPPORT SCHOLARSHIPS, DEVELOPMENT, ADMINISTRATIVE AND OVERHEAD COSTS.

Program 2

EACH SESSION, WE OFFER A HANDFUL OF WORK/ STUDY BASED SCHOLARSHIPS, WHERE THE STUDENTS FAMILY PAYS 50% TUITION AND THE STUDENT ASSISTS WITH SUPPORT TASKS BEFORE AND AFTER CLASS.

Program 3

TRUTHBASE THEATRICALS MAINTAINS AN AREA IN NEW YORK CITY (TBT NYC) AND HAS EXPANDED TO FLORIDA (TBT FLA). BOTH AREAS PROVIDE PROGRAMMING WHERE STUDENTS HAVE THE OPPORTUNITY TO TRAIN AND DEVELOP THEIR...

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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 $81,277

Program Service Revenue $20,776

Investment Income $5

Other Revenue $0

TOTAL REVENUE $102,058

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,790

Fundraising Expenses $0

Program Expenses $71,492

Other Expenses $32,168

TOTAL EXPENSES $72,958

Year-over-Year Comparison

	2021	2020	Change
Revenue	$102,058	$70,606	+0.4%
Expenses	$72,958	$81,845	-0.1%
Net Income	$29,100	$-11,239	-3.6%

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
NATALIE HSIEH	TREASURER	0.00	Officer	$0	$0	$0
WILLIAM COBB	VICE PRESIDENT	0.00	Officer	$0	$0	$0
CORRIE COOPER	PRESIDENT	40.00	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
2021	$102,058	$72,958	$173,990	$29,100
2020	$70,606	$81,845	$144,823	$-11,239
2019	$209,590	$181,201	$125,500	$28,389