THEATRE RALEIGH INC

EIN: 462276408 501(c)(3) Arts, Culture & Humanities

RALEIGH, NC

Total Revenue
$2,126,990
Total Expenses
$1,984,577
Total Assets
$1,012,884
Net Assets
$439,430
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NC
Principal Officer
LAUREN BRADY
Phone
9198329997
Tax Period
2024-01-01 to 2024-12-31

THEATRE RALEIGH INC, founded in 2013, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. Expenses of $2.0M left a modest 7% surplus.

Mission

THE MISSION OF THEATRE RALEIGH, INC. IS TO PRODUCE WORK WITH AN ARTISTIC SCOPE THAT INCLUDES MUSICAL THEATRE, DRAMA, COMEDY, CONCERTS, THEATRE FOR YOUNG AUDIENCES, AS WELL AS THE DEVELOPMENT OF NEW THEATRICAL PROJECTS. THEATRE RALEIGH, INC. WILL NURTURE A TRADITION OF INTIMATE, PROFESSIONAL LIVE PERFORMANCES WHILE ENHANCING, STIMULATING AND PROVIDING OPPORTUNITIES TO OUR COMMUNITY, THUS CONTRIBUTING TO ITS VITALITY.

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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 $1,400,626
Program Service Revenue $609,473
Investment Income $547
Other Revenue $116,344
TOTAL REVENUE $2,126,990

Expense Breakdown

Grants Paid $0
Salaries & Benefits $637,246
Fundraising Expenses $0
Program Expenses $1,575,900
Other Expenses $1,347,331
TOTAL EXPENSES $1,984,577

Year-over-Year Comparison

2024 2023 Change
Revenue $2,126,990 $1,360,272 +0.6%
Expenses $1,984,577 $1,241,373 +0.6%
Net Income $142,413 $118,899 +0.2%
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

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Governance

Voting Members
8
Independent Members
8
Employees
63
Volunteers
55

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
2
$0
Total Directors
8
$3,565
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAUREN KENNEDY BRADY ARTISTIC DIRECTOR 40.00
Officer Director
$0 $0 $0
ALEX LEHMANN TREASURER 1.00
Officer Director
$0 $0 $0
PATTI WILLIAMS BOARD MEMBER 1.00
Director
$0 $0 $0
MARK HAMMERSLA BOARD MEMBER 1.00
Director
$0 $0 $0
KIM GRISSOM BOARD MEMBER 1.00
Director
$0 $0 $0
TAMARA POLGE BOARD MEMBER 1.00
Director
$0 $0 $0
MATTHEW LEE BOARD MEMBER 1.00
Director
$0 $0 $0
LANEISHA BROWN FARRAR BOARD MEMBER 1.00
Director
$3,565 $0 $3,565
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 $2,126,990 $1,984,577 $1,012,884 $142,413
2023 $1,360,272 $1,241,373 $767,730 $118,899
2022 $833,406 $835,608 $502,742 $-2,202
2021 $635,231 $495,394 $194,824 $139,837
2020 $348,826 $333,808 $119,311 $15,018
2019 $740,934 $773,699 $99,711 $-32,765
2018 $615,428 $736,657 $178,846 $-121,229
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