BT STUDIOS 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

2014

Principal Officer

MIKE BURNETT

Phone

3256555348

Tax Period

2023-07-01 to 2024-06-30

BT STUDIOS INC, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $115K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $143K exceeded revenue, resulting in a 25% operating deficit.

Mission

BE THEATRE PROVIDES AN ENRICHING ENVIRONMENT OF ENTERTAINMENT AND EDUCATION THAT DEVELOPS THE ARTIST AND PATRONS IN MIND AND SPIRIT. THE PRIMARY FOCUS OF EDUCATION IS THE PROCESS RATHER THAN THE PRODUCT. THROUGH THE PROCESS OF THEATRE ARTS, VALUABLE LIFE LESSONS ARE LEARNED SUCH AS TOLERANCE, COMMUNICATION, PROBLEM-SOLVING SKILLS, COOPERATION, RESPECT FOR ONE'S SELF AND OTHERS, HUMILITY, AND COMPASSION. THROUGH PERFORMANCE AND THE CREATIVE SPIRIT, ARTISTS ARE ENCOURAGED TO MAINTAIN AN OPEN MIND, SPEAK FROM THE HEART AND SHARE TALENTS THAT WILL INSPIRE THE COMMUNITY AND SELF.

Program Service Accomplishments

Program 1

Expenses: $128,731 Revenue: $57,995

BE THEATRE PROVIDES AN ENRICHING ENVIRONMENT OF ENTERTAINMENT AND EDUCATION THAT DEVELOPS THE ARTIST AND PATRONS IN MIND AND SPIRIT. THE PRIMARY FOCUS OF EDUCATION IS THE PROCESS RATHER THAN THE...

Program 2

Expenses: $13,681 Revenue: $13,439

IN JULY 2018, A TRAGIC EVENT DEVASTATED THE WEST TEXAS COMMUNITY. A FIRE BROKE OUT AT THE ICONIC VILLAGE APARTMENTS IN THE COLLEGE TOWN OF SAN MARCOS, KILLING 5 PEOPLE AND CRITICALLY INJURING MANY...

IN JULY 2018, A TRAGIC EVENT DEVASTATED THE WEST TEXAS COMMUNITY. A FIRE BROKE OUT AT THE ICONIC VILLAGE APARTMENTS IN THE COLLEGE TOWN OF SAN MARCOS, KILLING 5 PEOPLE AND CRITICALLY INJURING MANY OTHERS. ZACHARY SUTTERFIELD, A 2016 SAN ANGELO CENTRAL HIGH SCHOOL GRADUATE, LOST 2 OF HIS ROOMMATES IN THIS HORRIFIC EVENT, BUT MIRACULOUSLY SURVIVED BY JUMPING OUT OF A WINDOW. THE FLAMES BURNED 70 PERCENT OF HIS BODY AND THE IMPACT OF THE FALL CAUSED A TRAUMATIC BRAIN INJURY. SUTTERFIELD HAS SINCE UNDERGONE OVER 27 OPERATIONS. ZACH'S RECOVERY HAS BEEN ONE OF THE ORGANIZATION'S OUTREACH MISSIONS SINCE THE FIRE. THE ORGANIZATION'S B.A.D IMPROV TEAM HAS HOSTED AN EVENT SINCE 2018 CALLED "THE ZACH SUTTERFIELD IMPROVAGANZA" TO RAISE MONEY TO EHLP IN ZACH'S RECOVERY, AS WELL AS THE CHALLENGES HE WILL FACE IN THE COMING YEARS AS HE ADJUSTS TO LIFE AFTER THE FIRE.

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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 $45,642

Program Service Revenue $71,634

Investment Income $-2,743

Other Revenue $0

TOTAL REVENUE $114,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,602

Fundraising Expenses $0

Program Expenses $142,838

Other Expenses $97,236

TOTAL EXPENSES $142,838

Year-over-Year Comparison

	2023	2022	Change
Revenue	$114,533	$86,952	+0.3%
Expenses	$142,838	$125,534	+0.1%
Net Income	$-28,305	$-38,582	-0.3%

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
ELENA ALEXANDER KENT	DIRECTOR	1.00	Director	$0	$0	$0
AMI MIZELL-FLINT	DIRECTOR	2.00	Director	$0	$0	$0
JACOB ALLGOOD CPA	TREASURER	3.00	Officer	$0	$0	$0
JOHN FLINT	DIRECTOR	1.00	Director	$0	$0	$0
KEN ROBERTS	DIRECTOR	2.00	Director	$0	$0	$0
MIKE BURNETT	PRESIDENT	6.00	Officer	$0	$0	$0
KARYN KUNIYUKI	SECRETARY	3.00	Officer	$0	$0	$0
NOLAN SOSA	VICE PRESIDE	3.00	Officer	$0	$0	$0
DR ERIN ASHWORTH-KING	DIRECTOR	2.00	Director	$0	$0	$0
TRINA DELGADO	DIRECTOR	2.00	Director	$0	$0	$0
CHARLOTTE LEWIS	DIRECTOR	2.00	Director	$0	$0	$0
NICK ELLIS	DIRECTOR	2.00	Director	$0	$0	$0
SARAH NEGOVETICH	DIRECTOR	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
2025	No data	No data	No data	No data
2024	$114,533	$142,838	$3,289	$-28,305
2023	$86,952	$125,534	$33,192	$-38,582
2022	$155,446	$125,042	$70,772	$30,404