IGNITE THEATRE COMPANY (EIN 472623191) - 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

ELIZABETH PEDERSEN

Phone

3147171851

Tax Period

2023-01-01 to 2023-12-31

IGNITE THEATRE COMPANY, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $308K in total revenue in fiscal year 2023.

Mission

IGNITE A PASSION FOR THE PERFORMING ARTS IN YOUTH-FOCUSED THEATER

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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 $147,484

Program Service Revenue $160,292

Investment Income $0

Other Revenue $0

TOTAL REVENUE $307,776

Expense Breakdown

Grants Paid $0

Salaries & Benefits $100,009

Fundraising Expenses $0

Program Expenses $250,824

Other Expenses $231,453

TOTAL EXPENSES $331,462

Year-over-Year Comparison

	2023	2022	Change
Revenue	$307,776	$297,780	+0.0%
Expenses	$331,462	$265,968	+0.2%
Net Income	$-23,686	$31,812	-1.7%

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

N/A

Independent Members

N/A

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

$48,565

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH PEDERSEN	DIRECTOR	40.00	Director	$48,565	$0	$48,565
CHRIS GALLOWAY	BOARD MEMBER	0.00	Director	$0	$0	$0
ERIN TOOHEY	BOARD MEMBER	0.00	Director	$0	$0	$0
RHONDA PHILLIPS	BOARD MEMBER	0.00	Director	$0	$0	$0
JEANNA BURCH	BOARD MEMBER	0.00	Director	$0	$0	$0
JENNIFER WORLEY	PRESIDENT	0.00	Officer	$0	$0	$0
KATIE FRENCH	SECRETARY	0.00	Officer	$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	$307,776	$331,462	$29,323	$-23,686
2022	$297,780	$265,968	$43,244	$31,812
2021	$197,081	$234,014	$16,518	$-36,933
2020	$193,588	$211,972	$29,851	$-18,384
2019	$231,960	$237,875	$25,015	$-5,915

IGNITE THEATRE COMPANY