FRIENDS OF THE BOHM THEATRE

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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

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.

Program Service Accomplishments

Program 1

Expenses: $476,176

TO PROVIDE SERVICES TO THE BOHM THEATRE, INCLUDING OPERATION OVERSIGHT AND MANAGEMENT OF THEATRE PROGRAMMING. WE ALSO EXPANDED THE THEATRE SPACE INTO THE ADJACENT BUILDING FOR PURPOSES OF ADDING...

TO PROVIDE SERVICES TO THE BOHM THEATRE, INCLUDING OPERATION OVERSIGHT AND MANAGEMENT OF THEATRE PROGRAMMING. WE ALSO EXPANDED THE THEATRE SPACE INTO THE ADJACENT BUILDING FOR PURPOSES OF ADDING ADDITIONAL SCREENING ROOMS.

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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 $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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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
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