BARTER FOUNDATION INC STATE THEATRE OF VIRGINIA (EIN 546000120) - 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

1932

Legal Domicile

Principal Officer

CHRIS WALTERS

Phone

2766282281

Tax Period

2024-01-01 to 2024-12-31

BARTER FOUNDATION INC STATE THEATRE OF VIRGINIA, founded in 1932, is a community nonprofit that reported $8.0M in total revenue in fiscal year 2018. Revenue decreased 14% compared to the prior year.

Mission

TO PRODUCE AND CREATE LIVE THEATRE FOR THE PURPOSE OF THE PUBLIC GOOD, TO EDUCATE AND PROMOTE PUBLIC INTEREST IN THE THEATRICAL ARTS FOR ALL AGES, AND TO ATTRACT TOURISTS TO SOUTHWEST VIRGINIA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,939,118

Program Service Revenue $4,401,140

Investment Income $19,343

Other Revenue $204,993

TOTAL REVENUE $8,564,594

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,674,871

Fundraising Expenses $320,537

Program Expenses $5,948,619

Other Expenses $2,734,419

TOTAL EXPENSES $7,409,290

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,564,594	$6,922,676	+0.2%
Expenses	$7,409,290	$6,700,341	+0.1%
Net Income	$1,155,304	$222,335	+4.2%

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

145

Volunteers

195

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

$123,773

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETSY BOYD	EMERITUS	1.00	Director	$0	$0	$0
EVELYN COOK	EMERITUS	1.00	Director	$0	$0	$0
BOB GILMER	EMERITUS	1.00	Director	$0	$0	$0
JAMES P JONES	EMERITUS	1.00	Director	$0	$0	$0
KAY BUNN	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS WALTERS	PRESIDENT	5.00	Officer Director	$0	$0	$0
MARVIN GILLIAM	TRUSTEE	1.00	Director	$0	$0	$0
PAM KRAMER	TRUSTEE	1.00	Director	$0	$0	$0
RAMESH MURTHY	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
JOHN RAINERO	TRUSTEE	1.00	Director	$0	$0	$0
DAVID WALLACE	TRUSTEE	1.00	Director	$0	$0	$0
JANET WOOLWINE	TRUSTEE	1.00	Director	$0	$0	$0
EMILY O'QUINN	PAST-PRESIDENT	5.00	Officer Director	$0	$0	$0
HENRY JOY	SECRETARY	1.00	Officer Director	$0	$0	$0
NANCY ARNOLD	TRUSTEE	1.00	Director	$0	$0	$0
MARK ESCHLE	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
DAN GLEI	TRUSTEE	1.00	Director	$0	$0	$0
TINA MCDANIEL	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL PENNINGTON	TREASURER	3.00	Officer Director	$0	$0	$0
NANCY DEFRIECE	TRUSTEE	1.00	Director	$0	$0	$0
JUDY SLAUGHTER	TRUSTEE	1.00	Director	$0	$0	$0
JOE SMITH	TRUSTEE	1.00	Director	$0	$0	$0
TY WARREN	TRUSTEE	1.00	Director	$0	$0	$0
ALICE FREEMAN	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
RON CARSON	TRUSTEE	1.00	Director	$0	$0	$0
LOIS CLARKE	TRUSTEE	1.00	Director	$0	$0	$0
KYLE MACIONE	TRUSTEE	1.00	Director	$0	$0	$0
DEBBIE QUILLEN	TRUSTEE	1.00	Director	$0	$0	$0
DEBBIE SMITH	TRUSTEE	1.00	Director	$0	$0	$0
MICHELE YAROMA	TRUSTEE	1.00	Director	$0	$0	$0
VIRGINIA BROWN	PRODUCING DIRECTOR	40.00	Officer	$116,547	$7,226	$123,773

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	$8,564,594	$7,409,290	$12,370,433	$1,155,304
2023	$6,922,676	$6,700,341	$11,662,637	$222,335
2022	$7,014,176	$5,598,785	$10,895,220	$1,415,391
2021	$6,208,012	$3,639,344	$10,953,876	$2,568,668
2020	$4,250,360	$3,362,559	$9,369,204	$887,801
2019	$7,761,760	$7,853,339	$8,850,575	$-91,579
2018	$8,000,395	$8,736,909	$8,414,751	$-736,514

BARTER FOUNDATION INC STATE THEATRE OF VIRGINIA