Studio 1

EIN: 471817737 501(c)(3) Arts, Culture & Humanities

Burlington, NC

Total Revenue
$469,136
Total Expenses
$474,577
Total Assets
$48,713
Net Assets
$48,713
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NC
Principal Officer
Tamra Kress
Phone
3365340321
Tax Period
2024-07-01 to 2025-06-30

Studio 1, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $469K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum.

Mission

To provide performance arts opportunities for youth and adults of all different abilities through live performances and classes.

Program Service Accomplishments

Program 1
Expenses: $319,411

Studio 1 has consistently looked for ways to make theatre more accessible to those in our community. Three prime examples of this were our ASL shadowed production, our Shorts program, and our...

Read more

Studio 1 has consistently looked for ways to make theatre more accessible to those in our community. Three prime examples of this were our ASL shadowed production, our Shorts program, and our sensory-sensitive performances. Our ASL shadowed production of Blithe Spirit in November 2024 brought ASL interpreters onstage as part of the storytelling. Interns from UNC Greensboro's Programs in Deafness majors served as the interpreters and co-storytellers alongside the actors. The interpreters are brought onstage as part of the actions, instead of being off to the side, making theatre more accessible for the deaf and hard of hearing audience. Throughout the season, Studio 1 has had at least one performance of each of the main stage shows professionally ASL-interpreted to make theatre more accessible. The Shorts program is a production of short skits performed by people of all ages and physical and mental abilities. It is known as a side-by-side theatre program. The rehearsals and the production calendar are shorter than traditional shows and allow time for building relationships that transcend the stage. If an actor needs special assistance to remember their lines or blocking, cast member friends become their "shadow and assist them by standing by their side. This provides opportunities for many in the community to experience the joy of theatre in a way that honors and encourages them.Additionally, each season the Studio chooses at least one production for which they offer a sensory sensitive performance where they invite individuals and their families with sensory sensitivities to attend a show designed to make them feel welcome, included, and part of the Studio 1 family. The production of Broadway Bound was a sensory-sensitive performance, and it was a joy to share the magic of theatre with those who might not typically attend theatre. The Studio 1 community strives to be inclusive and partners regularly with people with special needs in ways that are meaningful to all participants. Studio 1 has invested heavily in the arts in Alamance County. Executive Director Tami Kress as well as several other Studio 1 regulars have been involved in the local Community Conversation Arts Team. Alamance County is home to a vast array of artists and arts organizations who want to build bridges to bring our community closer together in purpose and need through connection, intention and exposure. This group is taking the lead in community arts conversations as part of the Harwood Institute for Public Innovation's Community Conversations initiated through Impact Alamance. It is made up of members from Alamance Arts, The Burlington Writers Club, Painted Grape, Studio 1 and Alamance Children's Theatre. Through hosting events at their space, organizing meetings, and getting to know other artists in the community, Studio 1 continues to lead in excellence in Alamance County Arts as they find ways to celebrate and lift up what is already happening in Alamance County.Studio 1 has continued their work at Snow Camp Outdoor Theatre (SCOT), revitalizing a beloved and historic Alamance County landmark. Snow Camp Outdoor Theatre has had years of performances, and its revitalization is encouraging those who have attended productions there in the past to return again as well as invite others to experience the historic Sword of Peace, Pathway to Freedom and other productions for the first time. Performances and events at Snow Camp both commemorate the history of the location itself as well as offer new and exciting opportunities (such as the Festival of Lights) to draw individuals and families to experience the joy of Snow Camp.Through employing local vendors and caterers and extending opportunities for local craftsmen and artisans to sell their goods, Studio 1 at SCOT is investing in the future of Alamance County, while also honoring its historic past. The 2024-25 season marked Studio 1s second full season at the newly renovated SCOT, and it was a rousing success, drawing in new and old audiences alike to see a variety of shows. In April of 2025, Snow Camp welcomed over 600 patrons across three performances to experience a revitalized performance of Sword of Peace, a much-beloved Alamance County tradition.

Program 2
Expenses: $56,884 Revenue: $136,387

Main Stage: In the 2024-2025 fiscal year, Studio 1 continued to contribute to the growth of arts in Alamance County by providing quality artistic offerings in their performances and through active...

Read more

Main Stage: In the 2024-2025 fiscal year, Studio 1 continued to contribute to the growth of arts in Alamance County by providing quality artistic offerings in their performances and through active community engagement and service. The 2024-25 season produced 4 mainstage productions (three musicals and one straight play) as well as two independent projects, one American Sign Language shadowed production, one side-by-side production, two summer productions, three summer camp productions, and one youth show. Throughout the season, Studio 1 received various awards and nominations for all that they have contributed to the local community. At the end of 2024, Studio 1 was nominated for several Broadway World Raleigh Awards. These awards are nominated and voted on by local theatre community members. Studio 1 was nominated in a number of categories, including individual awards for acting and directing and more. We won 4 of these awards. It is evident that Studios local impact and reputation in the community continues to grow. The Studio 1 community is passionate about the work that the Studio does in providing unique and quality theatre in Alamance County.Throughout the 2024-25 fiscal year, Studio 1 maintained their partnership with local community organizations, tying each one of the four mainstage shows to a community service project such as collecting clothing donations for Close of Hope and doing a food drive for SAFE. Additionally, the Studio continued their partnership with Alamance County Public Libraries with their Lit to Life commitment producing at least one mainstage show every season based on a work of literature to inspire a love of good stories in the community.With the establishment of a Diversity Board made up of Studio 1 participants, Studio 1 is proactively looking for ways to amplify the voices of marginalized communities, including those of people of color and the LGBTQIA+ community. The Studio took part in the 2025 Alamance Pride Festival, hosting a booth at the busy event. The Studio provides a creative outlet and a safe and supportive environment for individuals from marginalized communities to express themselves and grow both individually and within a community.

Program 3
Expenses: $9,022 Revenue: $46,676

Classes and workshops: One of the areas the Studio thrives in is engaging young people in the arts. Our education program continues to grow and thrive, offering 15 different classes ranging from...

Read more

Classes and workshops: One of the areas the Studio thrives in is engaging young people in the arts. Our education program continues to grow and thrive, offering 15 different classes ranging from dance, acting, voice, piano, and more! The Studio also invests heavily in the Junior Board an organization made up of teens who both lead at the Studio and volunteer for various productions throughout the year. This past season, the Junior Board produced a show called Antibiotic, which was 100% student-directed and performed.Perhaps nothing encapsulates the Studio's investment in local youth as the Broadway Bound production. Broadway Bound featured 55 students with ages ranging from 11 to 18. Each of these students participated in the learning, singing, blocking, and choreographing of musical numbers, and every participant had an opportunity to shine. Additionally, our middle school event 12@1 and our high school event 24@1 provided a fun opportunity for students to write and perform new works over the course of a weekend.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $201,988
Program Service Revenue $223,014
Investment Income $1
Other Revenue $44,133
TOTAL REVENUE $469,136

Expense Breakdown

Grants Paid $0
Salaries & Benefits $132,865
Fundraising Expenses $0
Program Expenses $392,423
Other Expenses $341,712
TOTAL EXPENSES $474,577

Year-over-Year Comparison

2024 2023 Change
Revenue $469,136 $356,006 +0.3%
Expenses $474,577 $367,439 +0.3%
Net Income $-5,441 $-11,433 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
18
Independent Members
18
Employees
3
Volunteers
500

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
5
$60,100
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tamra Kress Executive Dir. 40.00
Officer
$60,100 $0 $60,100
Teresa Leiser Director 10.00
Director
$0 $0 $0
Wil Coulbourn Director 10.00
Director
$0 $0 $0
Erica Harris Director 10.00
Director
$0 $0 $0
Lora Wilder Director 10.00
Director
$0 $0 $0
Richard Phinney Director 10.00
Director
$0 $0 $0
Pat Holsclaw Director 10.00
Director
$0 $0 $0
Stephanie Dawson Director 10.00
Director
$0 $0 $0
Tim Brown Director 10.00
Director
$0 $0 $0
Traven McClain Director 10.00
Director
$0 $0 $0
Layla Micheo Director 10.00
Director
$0 $0 $0
Noah Pieper Director 10.00
Director
$0 $0 $0
Carrie Sippy Director 10.00
Director
$0 $0 $0
Carli Webb Director 10.00
Director
$0 $0 $0
Debbie Williams Director 10.00
Director
$0 $0 $0
Wayne Leonard President 10.00
Officer Director
$0 $0 $0
Chris Earl Vice President 10.00
Officer Director
$0 $0 $0
Heidi Moner Secretary 10.00
Officer Director
$0 $0 $0
Mark Gould Treasurer 10.00
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
2025 $469,136 $474,577 $48,713 $-5,441
2024 $356,006 $367,439 $54,154 $-11,433
2023 $324,739 $345,120 $65,587 $-20,381
2022 $304,379 $274,528 $85,968 $29,851
Explore More Nonprofits
Top 100 Nonprofits in North Carolina Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Studio 1 with other nonprofits in North Carolina and across the country.