THEATRE ARTS OF WEST VIRGINIA INC (EIN 550455744) - Form 990 Financial Analysis & Trantor Score

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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

1955

Legal Domicile

Principal Officer

SCOTT HILL

Phone

3042566800

Tax Period

2022-10-01 to 2023-09-30

THEATRE ARTS OF WEST VIRGINIA INC, founded in 1955, is a small nonprofit in the Arts, Culture & Humanities sector that reported $259K in total revenue in fiscal year 2022. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $291K exceeded revenue, resulting in a 12% operating deficit.

Mission

THEATRE PRODUCTIONS

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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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $158,309

Program Service Revenue $90,885

Investment Income $23

Other Revenue $10,031

TOTAL REVENUE $259,248

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,829

Fundraising Expenses $0

Program Expenses $230,286

Other Expenses $144,682

TOTAL EXPENSES $290,511

Year-over-Year Comparison

	2022	2021	Change
Revenue	$259,248	$412,467	-0.4%
Expenses	$290,511	$348,456	-0.2%
Net Income	$-31,263	$64,011	-1.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESLIE BAKER	SECRETARY	N/A	Director	$0	$0	$0
SAM BRACKENRICH	DIRECTOR	N/A	Director	$0	$0	$0
PHIL COPNEY	DIRECTOR	N/A	Director	$0	$0	$0
JONATHAN GROSE	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD V SNUFFER II	VICE CHAIR	N/A	Director	$0	$0	$0
DAVE KIRBY	DIRECTOR	N/A	Director	$0	$0	$0
JEFF PACK	DIRECTOR	N/A	Director	$0	$0	$0
DOUG PALMER	TREASURER	N/A	Director	$0	$0	$0
KEITH THOMPSON	DIRECTOR	N/A	Director	$0	$0	$0
FRANK WOOD	CHAIR	N/A	Director	$0	$0	$0
SCOTT HILL	GENERAL MANA	N/A	Officer	$0	$0	$0
GAYLE OAKS	GENERAL MANA	N/A	Officer	$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
2023	$259,248	$290,511	$145,207	$-31,263
2022	$412,467	$348,456	$179,764	$64,011
2021	$257,666	$272,500	$119,416	$-14,834
2020	$140,933	$132,573	$155,979	$8,360
2019	$279,428	$314,052	$124,325	$-34,624
2018	$294,185	$319,221	$151,783	$-25,036
2018	$305,313	$321,706	$159,283	$-16,393

THEATRE ARTS OF WEST VIRGINIA INC