LITTLE THEATRE OF NORFOLK (EIN 541285618) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1933

Legal Domicile

Principal Officer

KATHRYN SINCLAIR FENTER

Phone

7576278551

Tax Period

2023-07-01 to 2024-06-30

LITTLE THEATRE OF NORFOLK, founded in 1926, is a small nonprofit in the Arts, Culture & Humanities sector that reported $105K in total revenue in fiscal year 2017. Revenue decreased 13% compared to the prior year. Expenses of $97K left a modest 8% surplus.

Mission

TO FOSTER AND IMPROVE THE CULTURAL ENVIRONMENT OF THE CITY OF NORFOLK AND SURROUNDING AREAS THROUGH LIVE ON-STAGE THEATRICAL PRODUCTIONS. TO PROVIDE QUALITY ART, AFFORDABLE TO THE COMMUNITY, AND TO MAKE AVAILABLE TRAINING FOR THOSE INTERESTED IN THE THEATRE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $49,651

Program Service Revenue $122,752

Investment Income $1,767

Other Revenue $4,063

TOTAL REVENUE $178,233

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $141,047

Other Expenses $173,184

TOTAL EXPENSES $174,184

Year-over-Year Comparison

	2023	2022	Change
Revenue	$178,233	$129,010	+0.4%
Expenses	$174,184	$120,927	+0.4%
Net Income	$4,049	$8,083	-0.5%

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

200

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN THOMPSON	PRESIDENT/DIRECTOR	5.00	Officer Director	$0	$0	$0
JAMES DRAGAS	VICE PRESIDENT/DIRECTOR	5.00	Officer Director	$0	$0	$0
KATHRYN SINCLAIR FENTER	TREASURER/DIRECTOR	7.00	Officer Director	$0	$0	$0
JESSICA LAHM	SECRETARY/DIRECTOR	5.00	Officer Director	$0	$0	$0
KERRI CROSBY	ARTISTIC DIRECTOR/DIRECTOR	10.00	Officer Director	$0	$0	$0
BRIAN CEBRIAN	DIRECTOR	4.00	Director	$0	$0	$0
MALLORY SCHMIDT	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH MYERS	DIRECTOR	2.00	Director	$0	$0	$0
AMANDA JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
JOHN ROBERTS	DIRECTOR	2.00	Director	$0	$0	$0
PETER SCHEIBLE	DIRECTOR	2.00	Director	$0	$0	$0
ANNABELLE DRAGAS XANTHOS	DIRECTOR	2.00	Director	$0	$0	$0
JOANIE BREW	DIRECTOR	2.00	Director	$0	$0	$0
ANYA FAIRCHILD	DIRECTOR	2.00	Director	$0	$0	$0
WYNN HORTON	DIRECTOR	2.00	Director	$0	$0	$0
LEXI FONTAINE - THRU 424	DIRECTOR	2.00	Director	$0	$0	$0
SERENITY JONES	DIRECTOR	2.00	Director	$0	$0	$0
ISIS PERCELL	DIRECTOR	2.00	Director	$0	$0	$0
JAMES PEREIRA	DIRECTOR	2.00	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	No data	No data	No data	No data
2024	$178,233	$174,184	$504,419	$4,049
2023	$129,010	$120,927	$495,721	$8,083
2019	$117,805	$122,312	$529,299	$-4,507
2018	$105,258	$96,870	$533,806	$8,388

LITTLE THEATRE OF NORFOLK