URBANITE THEATRE INC (EIN 465554467) - Form 990 Financial Analysis & Trantor Score

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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

2014

Legal Domicile

Principal Officer

SUMMER WALLACE

Phone

9413211397

Tax Period

2024-07-01 to 2025-06-30

URBANITE THEATRE INC, founded in 2014, is a community nonprofit in the Unknown sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $961K left a modest 9% surplus.

Mission

URBANITE THEATRE IS DEDICATED TO BRINGING COMPELLING INTIMATE LIVE THEATRE TO DOWNTOWN SARASOTA

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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 $726,568

Program Service Revenue $279,162

Investment Income $14,805

Other Revenue $36,300

TOTAL REVENUE $1,056,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $320,147

Fundraising Expenses $38,562

Program Expenses $847,747

Other Expenses $640,714

TOTAL EXPENSES $960,861

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,056,835	$852,545	+0.2%
Expenses	$960,861	$882,393	+0.1%
Net Income	$95,974	$-29,848	-4.2%

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

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

$68,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUMMER D WALLACE	DIRECTOR	40.00	Director	$68,000	$0	$68,000
GEORGIA HIGGINS	DIRECTOR	5.00	Director	$0	$0	$0
JAMIE STILL	SECRETARY	5.00	Officer Director	$0	$0	$0
JEFFERY STEVENS	TREASURER	5.00	Officer Director	$0	$0	$0
LEN GOLDBERG	PRESIDENT	5.00	Officer Director	$0	$0	$0
FRANK MAGGIO	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA JACOB	DIRECTOR	1.00	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
2025	$1,056,835	$960,861	$729,509	$95,974
2024	$852,545	$882,393	$616,760	$-29,848
2023	$808,931	$863,960	$615,956	$-55,029
2022	$934,836	$729,708	$583,106	$205,128
2021	$306,501	$325,326	$403,454	$-18,825
2020	$572,453	$536,167	$429,707	$36,286
2019	$604,376	$593,779	$494,352	$10,597
2018	$547,139	$476,947	$483,827	$70,192

URBANITE THEATRE INC