OLNEY THEATRE CORPORATION 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

1979

Legal Domicile

Principal Officer

DEBBIE ELLINGHAUS

Phone

3019244485

Tax Period

2024-08-01 to 2025-07-31

OLNEY THEATRE CORPORATION INC, founded in 1979, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $19.3M in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.2M, a strong 48% operating margin.

Mission

THE CORPORATION'S OBJECTIVES ARE THE PROMOTION AND PRODUCTION OF THEATRICAL WORKS, THROUGH THE PRESENTATION OF ORIGINAL, CLASSICAL AND EXPERIMENTAL PLAY IN PUBLIC AND PRIVATE THEATRES AND AUDITORIUMS.

Program Service Accomplishments

Program 1

Expenses: $6,696,710 Revenue: $5,659,713

OLNEY THEATRE OPERATES FOUR STAGES IN MONTGOMERY COUNTY, MD. EACH SEASON IS SELECTED TO APPEAL TO A BROAD AUDIENCE. SEASONS FEATURE 7-9 PRODUCTIONS, INCLUDING WORLD AND AMERICAN PREMIERES AND...

OLNEY THEATRE OPERATES FOUR STAGES IN MONTGOMERY COUNTY, MD. EACH SEASON IS SELECTED TO APPEAL TO A BROAD AUDIENCE. SEASONS FEATURE 7-9 PRODUCTIONS, INCLUDING WORLD AND AMERICAN PREMIERES AND IMAGINATIVE RETELLINGS OF WELL-KNOWN PLAYS AND MUSICALS. COMPLEMENTING THESE PRODUCTIONS, OLNEY THEATRE PRESENTS THE WORK OF OTHER THEATER COMPANIES LOCATED IN THE MID-ATLANTIC REGION AND ACROSS THE WORLD. THE THEATRE ALSO CURATES UP TO 50 FREE AND LOW-COST ENGAGEMENT EVENTS ANNUALLY THAT ENHANCE COMMUNITY CONNECTIONS AND APPRECIATION FOR THE ARTS.

Program 2

Expenses: $303,402 Revenue: $256,420

A CORE COMPONENT OF OLNEY THEATRE'S MISSION IS TO EDUCATE AND TRAIN THE NEXT GENERATION OF THEATER-MAKERS AND AUDIENCES. THE APPRENTICE TRAINING PROGRAM PROVIDES MENTORSHIP AND HANDS-ON PROFESSIONAL EXPERIENCE FOR UP TO 16 EARLY-CAREER THEATER-MAKERS ANNUALLY. ADDITIONALLY, FULL-TIME EDUCATION STAFF AND CONTRACTED TEACHING ARTISTS IMPLEMENT A RANGE OF PROGRAMS FOR K-12 STUDENTS THAT DEVELOP CREATIVE, COMMUNICATION, PROBLEM-SOLVING, AND SOCIAL-EMOTIONAL SKILLS. THESE PROGRAMS INCLUDE IN-SCHOOL WORKSHOPS AND RESIDENCIES AND OUT-OF-SCHOOL THEATER CAMPS.

Program 3

Expenses: $226,698 Revenue: $191,593

OLNEY THEATRE CENTER'S SUMMERTIME SERIES, OLNEY OUTDOORS, IS PERFORMED, ON THE OUTDOOR ROOT FAMILY STAGE AT OMI'S PAVILION. INCORPORATING LOCAL AND NATIONAL ACTS, THE PROGRAM INCLUDES BROADWAY AND...

OLNEY THEATRE CENTER'S SUMMERTIME SERIES, OLNEY OUTDOORS, IS PERFORMED, ON THE OUTDOOR ROOT FAMILY STAGE AT OMI'S PAVILION. INCORPORATING LOCAL AND NATIONAL ACTS, THE PROGRAM INCLUDES BROADWAY AND TELEVISION STARS, LOCALLY KNOWN AND EMERGING STAGE PERFORMERS, NATIONALLY AND INTERNATIONALLY ACCLAIMED TRIBUTE BANDS, CONCERT-VERSIONS OF NEW AND CLASSIC MUSICALS, CABARET SALUTES TO POPULAR MUSIC ARTISTS, SING ALONGS, PRINCESS PARTIES, PETTING ZOOS, AND DRAG SHOWS. OLNEY THEATRE'S ANNUAL FREE, ALL-DAY, OPEN HOUSE, "SUMMERFEST," OCCURS DURING OLNEY OUTDOORS.

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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 $12,801,186

Program Service Revenue $5,961,880

Investment Income $401,147

Other Revenue $97,156

TOTAL REVENUE $19,261,369

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,249,387

Fundraising Expenses $393,665

Program Expenses $7,226,810

Other Expenses $3,828,234

TOTAL EXPENSES $10,077,621

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,261,369	$13,926,296	+0.4%
Expenses	$10,077,621	$8,736,246	+0.2%
Net Income	$9,183,748	$5,190,050	+0.8%

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

291

Volunteers

300

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

$420,915

Total Directors