WAYNE THEATRE ALLIANCE INC

EIN: 541993924 501(c)(3) Arts, Culture & Humanities

WAYNESBORO, VA

Total Revenue
$1,431,418
Total Expenses
$1,898,292
Total Assets
$5,425,534
Net Assets
$4,942,079
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
VA
Principal Officer
THOMAS MATHERLY
Phone
5409439999
Tax Period
2023-07-01 to 2024-06-30

WAYNE THEATRE ALLIANCE INC, founded in 2000, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 33% operating deficit.

Mission

THE WAYNE THEATRE ALLIANCE PROMOTES THE ARTISTIC, CULTURAL, AND EDUCATIONAL OPPORTUNITIES AND THE ECONOMIC VITALITY OF WAYNESBORO AND ADJACENT REGION THROUGH THE OPERATION AND PRESERVATION OF THE ROSS PERFORMING ARTS CENTER AT THE HISTORIC WAYNE THEATRE AS A PERFORMING ARTS/CONFERENCE FACILITY.

Program Service Accomplishments

Program 1
Expenses: $1,542,531 Revenue: $715,277

PROMOTING ARTS IN THE SHENANDOAH VALLEY

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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 (2023)

Revenue Breakdown

Contributions & Grants $429,071
Program Service Revenue $715,277
Investment Income $78,221
Other Revenue $208,849
TOTAL REVENUE $1,431,418

Expense Breakdown

Grants Paid $0
Salaries & Benefits $755,994
Fundraising Expenses $44,006
Program Expenses $1,542,531
Other Expenses $1,142,298
TOTAL EXPENSES $1,898,292

Year-over-Year Comparison

2023 2022 Change
Revenue $1,431,418 $1,986,823 -0.3%
Expenses $1,898,292 $1,390,117 +0.4%
Net Income $-466,874 $596,706 -1.8%
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

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Governance

Voting Members
17
Independent Members
17
Employees
13
Volunteers
122

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
5
$201,155
Total Directors
17
$201,155
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRACY STRAIGHT EXECUTIVE DI 40.00
Officer Director
$201,155 $0 $201,155
TARA SINGER SECRETARY 5.00
Officer Director
$0 $0 $0
BARBARA FRANKLIN VICE CHAIR 5.00
Officer Director
$0 $0 $0
THOMAS MATHERLY TREASURER 5.00
Officer Director
$0 $0 $0
BILL MCKENNA DIRECTOR 2.00
Director
$0 $0 $0
JOHN RORRER CHAIR 10.00
Officer Director
$0 $0 $0
DIANE WOODSON DIRECTOR 2.00
Director
$0 $0 $0
DR TOM PERELES DIRECTOR 2.00
Director
$0 $0 $0
EDWARD YATES DIRECTOR 2.00
Director
$0 $0 $0
JIM HYSON DIRECTOR 2.00
Director
$0 $0 $0
JOHN ALMARODE DIRECTOR 2.00
Director
$0 $0 $0
KENNETH PAYNE DIRECTOR 2.00
Director
$0 $0 $0
SARAH PAISTE DIRECTOR 2.00
Director
$0 $0 $0
ERICA SAYERS DIRECTOR 2.00
Director
$0 $0 $0
MELISSA HOSTETTER DIRECTOR 2.00
Director
$0 $0 $0
BEVERY SHORT DIRECTOR 2.00
Director
$0 $0 $0
AMANDA FLORA 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 No data No data No data No data
2024 $1,431,418 $1,898,292 $5,425,534 $-466,874
2023 $1,986,823 $1,390,117 $5,750,271 $596,706
2022 $1,593,074 $1,175,891 $5,057,935 $417,183
2021 $599,304 $4,205,379 $4,722,280 $-3,606,075
2020 $361,156 $418,548 $8,208,330 $-57,392
2019 $2,387,758 $439,807 $8,223,217 $1,947,951
2018 $274,656 $380,490 $6,284,836 $-105,834
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