THE THEATRE LAB INC (EIN 521812095) - 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

1993

Legal Domicile

Principal Officer

Mary Mitchelson

Phone

2028240449

Tax Period

2024-01-01 to 2024-12-31

THE THEATRE LAB INC, founded in 1993, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2024.

Mission

THE THEATRE LAB SCHOOL OF THE DRAMATIC ARTS IS COMMITTED TO TRANSFORMING LIVES THROUGH THEATRE EDUCATION.

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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 $1,173,007

Program Service Revenue $794,807

Investment Income $36,588

Other Revenue $-154,175

TOTAL REVENUE $1,850,227

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,224,103

Fundraising Expenses $51,341

Program Expenses $1,652,005

Other Expenses $660,288

TOTAL EXPENSES $1,884,391

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,850,227	$1,719,858	+0.1%
Expenses	$1,884,391	$1,759,964	+0.1%
Net Income	$-34,164	$-40,106	-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

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

$338,245

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH GOTTESMAN	CO EXEC DIRECTOR	40.0	Director	$148,943	$24,387	$173,330
FRANCIS BUZZ MAURO	CO EXEC DIRECTOR	40.0	Director	$139,098	$25,817	$164,915
Laura Einstein	TRUSTEE	1.0	Director	$0	$0	$0
Adrianne Marsh	TRUSTEE	1.0	Director	$0	$0	$0
DENISE HANNA	vice chair	1.0	Officer Director	$0	$0	$0
Alexis Ronickher	trustee	1.0	Director	$0	$0	$0
Dr Roberto Ifill	TRUSTEE	1.0	Director	$0	$0	$0
Rae Vann	TRUSTEE	1.0	Director	$0	$0	$0
ibby jeppson	trustee	1.0	Director	$0	$0	$0
ELLEN PERRY	Chair	1.0	Officer Director	$0	$0	$0
nia graham	trustee	1.0	Director	$0	$0	$0
Mary Mitchelson	TREASURER	1.0	Officer Director	$0	$0	$0
SHERRY DUNCAN	TRUSTEE	1.0	Director	$0	$0	$0
JULIE LLOYD	TRUSTEE	1.0	Director	$0	$0	$0
Elizabeth Davenport	TRUSTEE	1.0	Director	$0	$0	$0
LIZ WHISNANT	secretary	1.0	Officer Director	$0	$0	$0
Luna Samman	TRUSTEE	1.0	Director	$0	$0	$0
tracy gray	trustee	1.0	Director	$0	$0	$0
Matt Bassett	Trustee	1.0	Director	$0	$0	$0
Megan Robbins	trustee	1.0	Director	$0	$0	$0
MICHELLE DEYOUNG	trustee	1.0	Director	$0	$0	$0
TERRESITA EDWARDS	trustee	1.0	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
2024	$1,850,227	$1,884,391	$2,346,035	$-34,164
2023	$1,719,858	$1,759,964	$2,543,539	$-40,106
2022	$1,748,195	$1,560,830	$2,700,837	$187,365
2021	$1,528,317	$1,462,992	$1,317,349	$65,325
2020	$1,137,976	$1,274,274	$1,194,936	$-136,298
2019	$1,455,015	$1,352,329	$1,203,685	$102,686
2018	$1,398,704	$1,243,321	$1,105,566	$155,383

THE THEATRE LAB INC