LEVELLAND WALLACE THEATER

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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

2016

Legal Domicile

Phone

8068941273

Tax Period

2024-01-01 to 2024-12-31

LEVELLAND WALLACE THEATER, founded in 2016, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $1.4M, a strong 83% operating margin.

Mission

RESTORATION AND RENOVATION OF THE WALLACE THEATER; TO BECOME THE PREMIERE CINEMA AND LIVE PERFORMANCE VENUE IN WEST TEXAS.

Program Service Accomplishments

Program 1

Expenses: $138,972

PROVIDED NUMEROUS LIVE PERFORMANCE SHOWS FOR THE WEST TEXAS COMMUNITY, INCLUDING MUSIC, MOVIES, EDUCATION AND COMEDY.

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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 $1,634,858

Program Service Revenue $46,501

Investment Income $19,564

Other Revenue $12,045

TOTAL REVENUE $1,712,968

Expense Breakdown

Grants Paid $0

Salaries & Benefits $153,174

Fundraising Expenses $101,400

Program Expenses $138,972

Other Expenses $138,387

TOTAL EXPENSES $291,561

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,712,968	$2,077,362	-0.2%
Expenses	$291,561	$375,933	-0.2%
Net Income	$1,421,407	$1,701,429	-0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TANIA MOODY	PRESIDENT	5.00	Officer Director	$0	$0	$0
DENVER BRUNER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
SARAH OSBURN	TREASURER	5.00	Officer Director	$0	$0	$0
IRIS KEELING	EX-OFFICIO	5.00	Director	$0	$0	$0
LORIE MARQUEZ	SECRETARY	5.00	Officer Director	$0	$0	$0
NICOLE CAMPBELL	BOARD MEMBER	5.00	Director	$0	$0	$0
MEG SLATER	BOARD MEMBER	5.00	Director	$0	$0	$0
TREY SALDANA	BOARD MEMBER	5.00	Director	$0	$0	$0
JOE TUBB	BOARD MEMBER	5.00	Director	$0	$0	$0
RANDAL RAMIREZ	BOARD MEMBER	5.00	Director	$0	$0	$0
CALEB BAKER	BOARD MEMBER	5.00	Director	$0	$0	$0
STEVI FOSTER	BOARD MEMBER	5.00	Director	$0	$0	$0
PRENTICE FRED	BOARD MEMBER	5.00	Director	$0	$0	$0
REBECCA MACHA	BOARD MEMBER	5.00	Director	$0	$0	$0
BILLON PALMER-WEBB	BOARD MEMBER	5.00	Director	$0	$0	$0
LEEANN PAXTON	BOARD MEMBER	5.00	Director	$0	$0	$0
ALYCYN KEELING	EXECUTIVE DIRECTOR	50.00	Key Emp Highest	$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	$1,712,968	$291,561	$4,931,806	$1,421,407
2023	$2,077,362	$375,933	$3,213,652	$1,701,429
2022	$919,720	$262,532	$1,514,281	$657,188
2021	$513,702	$205,216	$853,390	$308,486
2020	$222,529	$117,363	$558,684	$105,166
2019	$130,351	$123,818	$457,373	$6,533
2018	$235,060	$129,396	$444,634	$105,664