FRIENDS OF THE BOHM THEATRE

EIN: 461255472 501(c)(3) Arts, Culture & Humanities

ALBION, MI

Total Revenue
$388,266
Total Expenses
$506,338
Total Assets
$3,100,314
Net Assets
$2,841,756
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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
MI
Principal Officer
SHANE WILLIAMSON
Phone
5176298027
Tax Period
2024-01-01 to 2024-12-31

FRIENDS OF THE BOHM THEATRE, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $388K in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $506K exceeded revenue, resulting in a 30% operating deficit.

Mission

THE MISSION OF THE FRIENDS OF THE BOHM THEATRE IS TO CREATE A DYNAMIC VENUE FOR PERFORMING ARTS, FILM, AND ARTS EDUCATION ACTIVITIES TO MEET THE NEEDS OF ALBION, MICHIGAN AND THE SURROUNDING AREA.

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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 $213,873
Program Service Revenue $171,693
Investment Income $0
Other Revenue $2,700
TOTAL REVENUE $388,266

Expense Breakdown

Grants Paid $0
Salaries & Benefits $184,440
Fundraising Expenses $0
Program Expenses $476,176
Other Expenses $321,898
TOTAL EXPENSES $506,338

Year-over-Year Comparison

2024 2023 Change
Revenue $388,266 $951,375 -0.6%
Expenses $506,338 $505,835 +0.0%
Net Income $-118,072 $445,540 -1.3%
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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Governance

Voting Members
6
Independent Members
6
Employees
20
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
13
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHANIE DOBBINS TRUSTEE N/A
Officer Director
$0 $0 $0
ROBERT DUNKLIN TRUSTEE N/A
Officer Director
$0 $0 $0
MANDY KONKLE PRESIDENT N/A
Officer Director
$0 $0 $0
TOM PITT TREASURER N/A
Officer Director
$0 $0 $0
KEN PONDS SECRETARY N/A
Officer Director
$0 $0 $0
AMY REIMANN TRUSTEE N/A
Officer Director
$0 $0 $0
NANCY ROUSH TRUSTEE N/A
Officer Director
$0 $0 $0
VICKY SNYDER TRUSTEE N/A
Officer Director
$0 $0 $0
JOYCE SPICER TRUSTEE N/A
Officer Director
$0 $0 $0
MIKE TYMKEW TRUSTEE N/A
Officer Director
$0 $0 $0
SHANE WILLIAMSON EXECUTIVE DI N/A
Officer Director
$0 $0 $0
NIDIA WOLF VICE PRESIDE N/A
Officer Director
$0 $0 $0
KAREN YANKIE TRUSTEE N/A
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
2024 $388,266 $506,338 $3,100,314 $-118,072
2023 $951,375 $505,835 $3,211,681 $445,540
2023 $951,375 $505,835 $3,211,681 $445,540
2022 $328,616 $468,321 $3,281,710 $-139,705
2021 $334,482 $366,892 $3,456,535 $-32,410
2020 $231,821 $328,802 $3,493,341 $-96,981
2019 $139,066 $127,037 $3,610,126 $12,029
2018 $146,857 $155,790 $3,604,188 $-8,933
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