WAYNE THEATRE ALLIANCE INC (EIN 541993924) - 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

2000

Legal Domicile

Principal Officer

THOMAS MATHERLY

Phone

5409439999

Tax Period

2023-07-01 to 2024-06-30

WAYNE THEATER ALLIANCE INC is a small nonprofit in the Arts, Culture & Humanities sector that reported $275K in total revenue in fiscal year 2017. Revenue decreased 18% compared to the prior year. Expenses of $380K exceeded revenue, resulting in a 39% 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.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$201,155

Total Directors

$201,155

Key Employees

Highest Compensated

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

WAYNE THEATRE ALLIANCE INC