ADVENTURE THEATRE INC

EIN: 526054621 501(c)(3) Arts, Culture & Humanities

GLEN ECHO, MD

Total Revenue
$1,914,368
Total Expenses
$2,178,931
Total Assets
$516,827
Net Assets
$-607,662
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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
1964
Legal Domicile
MD
Principal Officer
SARAH CHAPIN
Phone
3016342270
Tax Period
2024-09-01 to 2025-08-31

ADVENTURE THEATRE INC, founded in 1964, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $2.2M exceeded revenue, resulting in a 14% operating deficit.

Mission

ADVENTURE THEATRE EDUCATES AND INSPIRES NEW GENERATIONS OF THEATER ARTISTS AND AUDIENCES WITH EXCEPTIONAL THEATRICAL EXPERIENCES. IT IS THE PRE- EMINENT MUSICAL THEATER ACADEMY FOR YOUTH IN THE DC REGION WITH AN INTEGRATED AND NATIONALLY RENOWNED PROFESSIONAL THEATER FOR FAMILY AUDIENCES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $497,716
Program Service Revenue $1,187,473
Investment Income $0
Other Revenue $229,179
TOTAL REVENUE $1,914,368

Expense Breakdown

Grants Paid $0
Salaries & Benefits $985,725
Fundraising Expenses $7,001
Program Expenses $1,540,106
Other Expenses $1,193,206
TOTAL EXPENSES $2,178,931

Year-over-Year Comparison

2024 2023 Change
Revenue $1,914,368 $1,268,742 +0.5%
Expenses $2,178,931 $2,214,770 0.0%
Net Income $-264,563 $-946,028 -0.7%
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

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Governance

Voting Members
10
Independent Members
10
Employees
113
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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALISON BERMAN BOARD MEMBER 1.00
Director
$0 $0 $0
GEOFF CARLSON BOARD MEMBER 1.00
Director
$0 $0 $0
TERESA GIRAL BOARD VICE C 2.00
Officer Director
$0 $0 $0
TRISH GLOWACKI BOARD CHAIR 3.00
Officer Director
$0 $0 $0
IAN GROSSMAN BOARD MEMBER 1.00
Director
$0 $0 $0
PAULINE GROSSMAN BOARD SECRET 2.00
Officer Director
$0 $0 $0
CHELLE PARSKY BOARD TREASU 2.00
Officer Director
$0 $0 $0
KEITH PARSKY BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL REPLOGLE BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS SQUIRE BOARD MEMBER 1.00
Director
$0 $0 $0
MELYNDA BURDETTE WINTROL BOARD MEMBER 3.00
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 $1,914,368 $2,178,931 $516,827 $-264,563
2024 $1,268,742 $2,214,770 $863,656 $-946,028
2023 $1,152,338 $1,648,067 $1,791,902 $-495,729
2022 $2,520,878 $2,468,772 $2,756,388 $52,106
2021 $2,322,833 $1,661,346 $1,938,841 $661,487
2020 $1,728,076 $2,194,897 $1,032,517 $-466,821
2020 $1,728,076 $2,194,897 $1,032,517 $-466,821
2019 $2,699,019 $2,677,790 $1,157,592 $21,229
2019 $2,699,019 $2,677,790 $1,157,592 $21,229
2018 $2,697,344 $2,447,816 $1,209,560 $249,528
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