The Little Theatre of Charlotte Inc dba Theatre Charlotte (EIN 560591306) - 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

1929

Legal Domicile

Principal Officer

Lisa Blanton

Phone

7043763777

Tax Period

2024-07-01 to 2025-06-30

The Little Theatre of Charlotte Inc dba Theatre Charlotte, founded in 1929, is a small nonprofit in the Arts, Culture & Humanities sector that reported $845K in total revenue in fiscal year 2024. Expenses of $1.0M exceeded revenue, resulting in a 22% operating deficit.

Mission

To produce volunteer-based theatrical events in the Charlotte, NC region.

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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 (2024)

Revenue Breakdown

Contributions & Grants $346,558

Program Service Revenue $444,462

Investment Income $9,894

Other Revenue $44,066

TOTAL REVENUE $844,980

Expense Breakdown

Grants Paid $0

Salaries & Benefits $457,783

Fundraising Expenses $119,745

Program Expenses $694,540

Other Expenses $573,323

TOTAL EXPENSES $1,031,106

Year-over-Year Comparison

	2024	2023	Change
Revenue	$844,980	$784,286	+0.1%
Expenses	$1,031,106	$983,589	+0.0%
Net Income	$-186,126	$-199,303	-0.1%

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

400

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

$181,567

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chris Timmons	Artistic Dir.	40.00	Officer	$91,226	$8,584	$99,810
Lisa Blanton	Managing Dir.	40.00	Officer	$67,319	$14,438	$81,757
Terrah McCarty	Co-President	3.00	Officer Director	$0	$0	$0
Amy O'Brien	Co-President	3.00	Officer Director	$0	$0	$0
Dianne Roth	Director	3.00	Director	$0	$0	$0
Jeff Johnston	Secretary	3.00	Officer Director	$0	$0	$0
Katrina Louis	Director	3.00	Director	$0	$0	$0
Denise Olexa	Treasurer	3.00	Officer Director	$0	$0	$0
Jenny Plyler	Director	1.00	Director	$0	$0	$0
Corlis Hayes	Director	1.00	Director	$0	$0	$0
Cheryl Snellgrove	Director	1.00	Director	$0	$0	$0
Melinda Postal	Director	1.00	Director	$0	$0	$0
Heather Swindells	Director	1.00	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	$844,980	$1,031,106	$1,219,679	$-186,126
2024	$784,286	$983,589	$1,373,887	$-199,303
2023	$1,332,168	$1,256,376	$1,529,594	$75,792
2022	$1,439,744	$816,334	$1,747,247	$623,410
2021	$1,020,863	$575,880	$872,073	$444,983
2020	$614,290	$613,373	$432,989	$917
2019	$660,456	$682,946	$299,891	$-22,490

The Little Theatre of Charlotte Inc dba Theatre Charlotte