Kalamazoo Civic Theatre Foundation (EIN 475418424) - 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

2015

Legal Domicile

Principal Officer

Laura Zervic

Phone

2693432280

Tax Period

2024-06-01 to 2025-05-31

Kalamazoo Civic Theatre Foundation, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $120K in total revenue in fiscal year 2024. Revenue surged 84% from the prior year, signaling strong growth momentum. Expenses of $182K exceeded revenue, resulting in a 51% operating deficit.

Mission

The mission of the Kalamazoo Civic Theatre Foundation is to support and assist the Kalamazoo Civic Theatre. The purpose of the Kalamazoo Civic Theatre Foundation is to hold financial assets of the Kalamazoo Civic Theatre until such time that the Kalamazoo Civic Theatre requests use of such assets.

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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 $0

Program Service Revenue $0

Investment Income $120,296

Other Revenue $0

TOTAL REVENUE $120,296

Expense Breakdown

Grants Paid $158,537

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $158,589

Other Expenses $23,526

TOTAL EXPENSES $182,063

Year-over-Year Comparison

	2024	2023	Change
Revenue	$120,296	$65,366	+0.8%
Expenses	$182,063	$224,897	-0.2%
Net Income	$-61,767	$-159,531	-0.6%

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

N/A

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

$107,187

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Leah Walters	Vice Chair	1.00	Officer Director	$0	$0	$0
Shaun Moskalik	Trustee	1.00	Director	$0	$0	$0
James Marquardt	Trustee	1.00	Director	$0	$0	$0
Sidney Ellis	Trustee	1.00	Director	$0	$0	$0
Maggie Zahrai	Trustee	1.00	Director	$0	$0	$0
Stacy Caudill	Treasurer	1.00	Officer Director	$0	$0	$0
Catherine Perry	Secretary	1.00	Officer Director	$0	$0	$0
Sandra Gagie	Trustee	1.00	Director	$0	$0	$0
Timothy Kilmartin	Chair	1.00	Officer Director	$0	$0	$0
Asa Davis	Trustee	1.00	Director	$0	$0	$0
Laura Zervic	Executive Director	1.00	Officer	$0	$0	$107,187

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	$120,296	$182,063	$3,544,516	$-61,767
2024	$65,366	$224,897	$3,412,059	$-159,531
2023	$102,541	$78,047	$3,140,566	$24,494
2022	$73,988	$335,875	$3,295,649	$-261,887
2021	$150,547	$215,493	$3,735,073	$-64,946
2020	$70,225	$84,338	$3,214,653	$-14,113
2019	$48,404	$70,128	$1,433,569	$-21,724
2018	$372	No data	$1,486,122	No data

Kalamazoo Civic Theatre Foundation