THE TIVOLI THEATRE FOUNDATION INC (EIN 474405861) - 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

CAROL SEAL

Phone

4237575580

Tax Period

2024-07-01 to 2025-06-30

THE TIVOLI THEATRE FOUNDATION INC, founded in 2014, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $20.1M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.9M, a strong 19% operating margin.

Mission

PRESERVE, RESTORE, AND OPERATE THREE HISTORIC LANDMARKS TO IMPROVE QUALITY OF LIFE IN CHATTANOOGA

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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 $3,463,335

Program Service Revenue $14,725,610

Investment Income $687,677

Other Revenue $1,254,128

TOTAL REVENUE $20,130,750

Expense Breakdown

Grants Paid $7,105

Salaries & Benefits $2,111,569

Fundraising Expenses $304,797

Program Expenses $15,557,269

Other Expenses $14,116,117

TOTAL EXPENSES $16,234,791

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,130,750	$16,821,723	+0.2%
Expenses	$16,234,791	$13,180,362	+0.2%
Net Income	$3,895,959	$3,641,361	+0.1%

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

$319,843

Total Directors

Key Employees

$465,946

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
W KEITH SANFORD	CHAIR	4.00	Officer Director	$0	$0	$0
ANDY MULDOON	VICE CHAIR	4.00	Officer Director	$0	$0	$0
SUSAN RICH	SECRETARY	4.00	Officer Director	$0	$0	$0
BRENT GOLDBERG	EXECUTIVE COMMITTEE MEMBER	4.00	Officer Director	$0	$0	$0
BOB MCKENZIE	EXECUTIVE COMMITTEE MEMBER	4.00	Officer Director	$0	$0	$0
HENRY ALDRIDGE PHD	DIRECTOR	1.00	Director	$0	$0	$0
CARMEN DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
BYRON KELLY	DIRECTOR	1.00	Director	$0	$0	$0
CAROL SEAL	TREASURER	4.00	Officer Director	$0	$0	$0
SHALIN TEJANI	DIRECTOR	1.00	Director	$0	$0	$0
CAROLINE WALKER	DIRECTOR	1.00	Director	$0	$0	$0
STEVE ZABEL	DIRECTOR	1.00	Director	$0	$0	$0
DR KELLY ARNOLD	DIRECTOR	1.00	Director	$0	$0	$0
JERRY MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN ROBERTSON	DIRECTOR	1.00	Director	$0	$0	$0
KELLY LEDFORD	DIRECTOR	1.00	Director	$0	$0	$0
DONNA HARRISON	DIRECTOR	1.00	Director	$0	$0	$0
TOM MONTAGUE	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS MCDONOUGH	DIRECTOR	1.00	Director	$0	$0	$0
JULIA BURSCH	DIRECTOR	1.00	Director	$0	$0	$0
LAURA SCOREY	DIRECTOR	1.00	Director	$0	$0	$0
ROY VAUGHN	DIRECTOR	1.00	Director	$0	$0	$0
JARVIS DAVENPORT	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS A WILKINSON	EXECUTIVE DIRECTOR CEO	40.00	Officer	$307,541	$12,302	$319,843
COURTNEY E KEENE	COO-EVENTS/OPERATIONS	40.00	Key Emp	$179,263	$25,598	$204,861
DAVID R HOLSCHER	COO-BOOKING/PROJECT MANAGER	40.00	Key Emp	$232,685	$28,400	$261,085
SARA M WILLIAMS	CFO	24.00	Highest	$133,574	$5,343	$138,917

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	$20,130,750	$16,234,791	$37,508,203	$3,895,959
2024	$16,821,723	$13,180,362	$30,609,041	$3,641,361
2023	$20,484,887	$14,418,224	$25,038,713	$6,066,663
2022	$23,020,214	$11,511,308	$19,745,641	$11,508,906
2021	$3,025,165	$2,249,155	$10,881,329	$776,010
2020	$8,966,103	$8,762,630	$9,070,766	$203,473

THE TIVOLI THEATRE FOUNDATION INC