THEATRELAB INC (EIN 464424495) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

David Gray

Phone

8045063533

Tax Period

2022-01-01 to 2022-12-31

THEATRELAB INC, founded in 2012, is a micro nonprofit that reported $57K in total revenue in fiscal year 2020. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $132K exceeded revenue, resulting in a 131% operating deficit.

Mission

Through artists and imagination, TheatreLAB creates unique theatrical experiences that spark a collaborative exchange of ideas between artist and audience. The TheatreLAB ensemble cultivates an environment that fosters emerging talent and challenges artistic norms.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $42,415

Program Service Revenue $12,304

Investment Income $0

Other Revenue $515

TOTAL REVENUE $55,234

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,853

Fundraising Expenses $0

Program Expenses $37,531

Other Expenses $70,160

TOTAL EXPENSES $94,013

Year-over-Year Comparison

	2022	2021	Change
Revenue	$55,234	$90,814	-0.4%
Expenses	$94,013	$113,888	-0.2%
Net Income	$-38,779	$-23,074	+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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carolyn Sarosi	Treasurer	10	Director	$0	$0	$0
David Gray	Co-Artistic Director	40	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
2022	$55,234	$94,013	$21,167	$-38,779
2021	$90,814	$113,888	$37,329	$-23,074
2020	$56,900	$131,549	$62,538	$-74,649

THEATRELAB INC