THEATRICAL ARTS AT FORESTBURGH 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

2013

Legal Domicile

Principal Officer

FRANKLIN TRAPP

Phone

8457942005

Tax Period

2023-01-01 to 2023-12-31

THEATRICAL ARTS AT FORESTBURGH INC, founded in 2013, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.5M exceeded revenue, resulting in a 35% operating deficit.

Mission

PROVIDE PROFESSIONAL LIVE THEATRE AND PERFORMING ARTS FOR EDUCATIONAL AND CULTURAL ENRICHMENT PURPOSES TO THE STUDENTS, RESIDENTS AND VISITORS OF THE LOCAL COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,249,631 Revenue: $847,469

PROVIDE PROFESSIONAL LIVE THEATRE AND PERFORMING ARTS FOR EDUCATIONAL AND CULTURAL ENRICHMENT PURPOSES TO THE STUDENTS, RESIDENTS AND VISITORS OF THE LOCAL COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $205,523

Program Service Revenue $847,469

Investment Income $3,409

Other Revenue $15,790

TOTAL REVENUE $1,072,191

Expense Breakdown

Grants Paid $0

Salaries & Benefits $561,680

Fundraising Expenses $0

Program Expenses $1,249,631

Other Expenses $889,439

TOTAL EXPENSES $1,451,119

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,072,191	$928,977	+0.2%
Expenses	$1,451,119	$1,292,738	+0.1%
Net Income	$-378,928	$-363,761	+0.0%

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

137

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

$40,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANKLIN TRAPP	MANAGING DIR	40.00	Officer	$40,750	$0	$40,750
COLIN BRINKMANN	MEMBER	2.00	Director	$0	$0	$0
FONTAINE LEE	PRESIDENT	2.00	Director	$0	$0	$0
ARMANDO RAMIREZ	TREASUER	2.00	Director	$0	$0	$0
DANIEL SHIM	SECRETARY	2.00	Director	$0	$0	$0
SPENCER STOCKDALE	VICE PRESIDE	2.00	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	No data	No data	No data	No data
2023	$1,072,191	$1,451,119	$458,208	$-378,928
2022	$928,977	$1,292,738	$722,587	$-363,761
2021	$1,512,261	$1,061,820	$1,130,498	$450,441
2020	$359,375	$416,611	$550,868	$-57,236
2019	$848,454	$943,967	$421,887	$-95,513
2018	$1,026,667	$977,963	$467,248	$48,704