SPELLBOUND THEATRE INC (EIN 471839812) - 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

Phone

3474648542

Tax Period

2023-07-01 to 2024-06-30

SPELLBOUND THEATRE INC, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $104K in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring.

Mission

SPELLBOUND THEATRE IS A THEATRE COMPANY DEVOTED TO CREATING ORIGINAL, MULTI-DISCIPLINARY PERFORMANCE FOR THE VERY YOUNG. SPELLBOUND PRODUCES ORIGINAL PLAYS FOR AUDIENCES AGES 0-5 AND CONDUCTS EARLY CHILDHOOD EDUCATION PROGRAMS AND COMMUNITY EVENTS FOR YOUNG CHILDREN.

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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 $102,695

Program Service Revenue $891

Investment Income $0

Other Revenue $0

TOTAL REVENUE $103,586

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,858

Fundraising Expenses $0

Program Expenses $86,696

Other Expenses $32,838

TOTAL EXPENSES $105,696

Year-over-Year Comparison

	2023	2022	Change
Revenue	$103,586	$230,442	-0.6%
Expenses	$105,696	$183,619	-0.4%
Net Income	$-2,110	$46,823	-1.0%

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

Volunteers

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
JANETTE MARTINEZ	PRESIDENT	5.00	Officer Director	$0	$0	$0
ROBERT M THAXTON-STEVENSON	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
EMILY BALDWIN	SECRETARY	1.00	Officer Director	$0	$0	$0
JOLENE NOELLE	TREASURER	1.00	Officer Director	$0	$0	$0
KHALIA DAVIS	BOARD MEMBER	1.00	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
2024	$103,586	$105,696	$68,674	$-2,110
2023	$230,442	$183,619	$72,784	$46,823

SPELLBOUND THEATRE INC