RALEIGH LITTLE THEATRE INC

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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

1936

Legal Domicile

Principal Officer

MICHELE WEATHERS

Phone

9198214579

Tax Period

2024-07-01 to 2025-06-30

RALEIGH LITTLE THEATRE INC, founded in 1936, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

RLT IS A WELCOMING COMMUNITY USING THEATRE TO ENRICH, EDUCATE, ENTERTAIN AND ENGAGE VOLUNTEERS, STUDENTS AND AUDIENCES OF ALL AGES.

Program Service Accomplishments

Program 1

Expenses: $895,633 Revenue: $559,529

RLT PRODUCES A WIDE VARIETY OF PLAYS FOR ADULTS AND YOUNG PEOPLE, WHICH ARE ATTENDED BY APPROXIMATELY 40,000 PATRONS EACH YEAR. PLAYS ARE PRESENTED AT AN AFFORDABLE PRICE AND OFFER VOLUNTEERS...

RLT PRODUCES A WIDE VARIETY OF PLAYS FOR ADULTS AND YOUNG PEOPLE, WHICH ARE ATTENDED BY APPROXIMATELY 40,000 PATRONS EACH YEAR. PLAYS ARE PRESENTED AT AN AFFORDABLE PRICE AND OFFER VOLUNTEERS OPPORTUNITIES TO LEARN NEW SKILLS AND EXPRESS THEIR CREATIVITY. SENSORY-FRIENDLY PERFORMANCES ARE NOW OFFERED AT EACH OF THE FAMILY SERIES PRODUCTIONS. THESE ARE DESIGNED ESPECIALLY FOR INDIVIDUALS WITH AUTISM SPECTRUM DISORDERS, SENSORY SENSITIVITIES, OR OTHER DISABILITY, AND PROVIDE A SUPPORTIVE AND WELCOMING ENVIRONMENT FOR CHILDREN AND FAMILIES.

Program 2

Expenses: $285,861 Revenue: $262,479

YOUTH EDUCATION PROGRAMS OFFER HIGH QUALITY THEATRE ARTS INSTRUCTION IN A SAFE AND NURTURING ENVIRONMENT. THIS ENCOURAGES SELF ESTEEM, BUILDS CONFIDENCE, STIMULATES CREATIVITY, AND SHARPENS...

YOUTH EDUCATION PROGRAMS OFFER HIGH QUALITY THEATRE ARTS INSTRUCTION IN A SAFE AND NURTURING ENVIRONMENT. THIS ENCOURAGES SELF ESTEEM, BUILDS CONFIDENCE, STIMULATES CREATIVITY, AND SHARPENS COMMUNICATION SKILLS, WHILE CREATING LIFE LONG APPRECIATION FOR THE ARTS. RLT ALSO OFFERS IN SCHOOL RESIDENCES, FIELD TRIPS, AND VARIOUS OFF-SITE OPPORTUNITIES REACHING UNDERSERVED POPULATIONS.

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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 $491,888

Program Service Revenue $796,626

Investment Income $24,773

Other Revenue $24,424

TOTAL REVENUE $1,337,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $644,009

Fundraising Expenses $103,744

Program Expenses $1,181,494

Other Expenses $749,641

TOTAL EXPENSES $1,393,650

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,337,711	$1,149,820	+0.2%
Expenses	$1,393,650	$1,387,039	+0.0%
Net Income	$-55,939	$-237,219	-0.8%

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

848

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

$100,212

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATASHA GORE	PRESIDENT	5.00	Officer Director	$0	$0	$0
STEVE EPSTEIN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CLIF CATES	TREASURER	2.00	Officer Director	$0	$0	$0
RUDRA DUTTA	SECRETARY	2.00	Officer Director	$0	$0	$0
CHANDA BRANCH	DIRECTOR	1.00	Director	$0	$0	$0
GENE CORDON	DIRECTOR	1.00	Director	$0	$0	$0
BARBETTE HUNTER	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE ANN JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
SAFIYAH JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
BETSY LUDWIG	DIRECTOR	1.00	Director	$0	$0	$0
AMELIA LUMPKIN	DIRECTOR	1.00	Director	$0	$0	$0
CAROL MACHUCA	DIRECTOR	1.00	Director	$0	$0	$0
MARQUITA ROBERTSON	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE RUGGLES	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP BERNARD SMITH	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA WHEELER	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE WEATHERS	PRODUCING ARTISTIC DIRECTOR	40.00	Officer	$91,151	$9,061	$100,212

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	$1,337,711	$1,393,650	$1,206,938	$-55,939
2024	$1,149,820	$1,387,039	$1,237,147	$-237,219
2023	$1,129,886	$1,347,038	$1,576,205	$-217,152
2022	$1,564,641	$1,187,559	$1,794,529	$377,082
2021	$1,057,790	$769,319	$1,513,385	$288,471
2020	$1,169,400	$1,316,942	$1,179,699	$-147,542
2019	$1,410,777	$1,428,352	$1,187,338	$-17,575
2018	$1,316,407	$1,272,295	$1,144,203	$44,112