WASHINGTON IMPROVISATIONAL THEATER COMPANY (EIN 521543346) - 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

1987

Legal Domicile

Principal Officer

MARK CHALFANT

Phone

2026422867

Tax Period

2024-07-01 to 2025-06-30

WASHINGTON IMPROVISATIONAL THEATER COMPANY, founded in 1987, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

WITS MISSION IS TO UNLEASH THE CREATIVE POWER OF IMPROV IN WASHINGTON, DC. WE ENGAGE AUDIENCES WITH PERFORMANCES THAT EXHILARATE AND INSPIRE. WE IGNITE THE SPIRIT OF PLAY IN WASHINGTON WITH A REVOLUTIONARY TRAINING PROGR

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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 $348,165

Program Service Revenue $725,984

Investment Income $25,968

Other Revenue $0

TOTAL REVENUE $1,100,117

Expense Breakdown

Grants Paid $0

Salaries & Benefits $585,472

Fundraising Expenses $100,153

Program Expenses $854,050

Other Expenses $533,364

TOTAL EXPENSES $1,118,836

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,100,117	$1,016,163	+0.1%
Expenses	$1,118,836	$1,177,078	0.0%
Net Income	$-18,719	$-160,915	-0.9%

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

146

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

$118,501

Total Directors

$5,297

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK CHALFANT	ARTISTIC EXECUTIVE DIRECTOR	040.00	Officer	$102,656	$15,845	$118,501
CLYDE THOMPSON	DIRECTOR	001.50	Director	$3,512	$0	$3,512
MACEY SCHIFF	DIRECTOR	001.50	Director	$1,785	$0	$1,785
NIKKI ROGERS	CHAIR	002.00	Officer Director	$0	$0	$0
NAIB MOBASSIR	VICE CHAIR	002.00	Officer Director	$0	$0	$0
SHARONA SHUSTER	SECRETARY	002.00	Officer Director	$0	$0	$0
PEG JOBST	TREASURER	002.00	Officer Director	$0	$0	$0
DAVID BEAM	DIRECTOR	001.00	Director	$0	$0	$0
PRECIOUS JENKINS	DIRECTOR	001.00	Director	$0	$0	$0
JOHN SENER	DIRECTOR	001.00	Director	$0	$0	$0
JON TYCKO	DIRECTOR	001.00	Director	$0	$0	$0
HILARY JOEL	DIRECTOR	001.00	Director	$0	$0	$0
MICHAEL KITCES	DIRECTOR	001.00	Director	$0	$0	$0
CLARE MULLIGAN	DIRECTOR	001.50	Director	$0	$0	$0
STACEY PELIKA	DIRECTOR	001.00	Director	$0	$0	$0
CICIE SATTARNILASSKORN	DIRECTOR	001.00	Director	$0	$0	$0
INDIA BANKS	DIRECTOR	001.00	Director	$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
2025	$1,100,117	$1,118,836	$1,235,535	$-18,719
2024	$1,016,163	$1,177,078	$1,230,206	$-160,915
2023	$921,626	$943,402	$1,317,234	$-21,776
2022	$1,185,590	$721,026	$1,346,045	$464,564
2022	$1,185,590	$721,026	$1,346,045	$464,564
2021	$877,306	$638,792	$936,337	$238,514
2020	$939,153	$905,484	$651,749	$33,669
2019	$1,000,517	$939,946	$623,195	$60,571
2018	$924,429	$864,916	$602,264	$59,513

WASHINGTON IMPROVISATIONAL THEATER COMPANY