THEATRE IN THE PARK INC

EIN: 560942052 501(c)(3)

RALEIGH, NC

Total Revenue
$1,515,349
Total Expenses
$1,743,753
Total Assets
$1,868,130
Net Assets
$1,843,885
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
NC
Principal Officer
ADRIENNE PENDER
Phone
9198316936
Tax Period
2024-07-01 to 2025-06-30

THEATRE IN THE PARK INC, founded in 1947, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 15% operating deficit.

Mission

THEATRE IN THE PARK, INC.'S MISSION INCLUDES INVOLVING THE COMMUNITY IN THE CREATION AND DEVELOPMENT OF LIVE THEATRE TO NURTURE A GENERAL APPRECIATION AND RESPECT FOR THE ARTS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $99,757
Program Service Revenue $1,376,672
Investment Income $38,920
Other Revenue $0
TOTAL REVENUE $1,515,349

Expense Breakdown

Grants Paid $0
Salaries & Benefits $485,239
Fundraising Expenses $11,486
Program Expenses $1,486,835
Other Expenses $1,258,514
TOTAL EXPENSES $1,743,753

Year-over-Year Comparison

2024 2023 Change
Revenue $1,515,349 $1,966,652 -0.2%
Expenses $1,743,753 $1,816,516 0.0%
Net Income $-228,404 $150,136 -2.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
11
Volunteers
177

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
7
$313,973
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
IRA DAVID WOOD III EXECUTIVE DI 40.00
Officer
$292,600 $21,373 $313,973
SEAN ALLEN PAST PRESIDE N/A
Officer Director
$0 $0 $0
DEMPSEY BOND DIRECTOR N/A
Director
$0 $0 $0
PATTY GARDENHIRE VICE PRESIDE N/A
Officer Director
$0 $0 $0
BOB HARRIS DIRECTOR N/A
Director
$0 $0 $0
HEIDI JOHNSTON DIRECTOR N/A
Director
$0 $0 $0
DEBBIE LANEY SECRETARY N/A
Officer Director
$0 $0 $0
KATIE MARTIN BOD RELATION N/A
Director
$0 $0 $0
BROOKE MILLER DIRECTOR N/A
Director
$0 $0 $0
DAVID MOORE DIRECTOR N/A
Director
$0 $0 $0
MARK OLEXIK DIRECTOR N/A
Director
$0 $0 $0
ADRIENNE PENDER PRESIDENT 20 N/A
Director
$0 $0 $0
LISA POOLE DIRECTOR N/A
Director
$0 $0 $0
TRACY ROSE DIRECTOR N/A
Officer Director
$0 $0 $0
HEATHER SHINPAUGH DIRECTOR N/A
Officer Director
$0 $0 $0
MELISSA WALKER DIRECTOR N/A
Officer 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 $1,515,349 $1,743,753 $1,868,130 $-228,404
2024 $1,966,652 $1,816,516 $2,102,868 $150,136
2023 $1,563,351 $1,581,958 $1,963,157 $-18,607
2022 $1,910,364 $1,459,239 $2,002,475 $451,125
2021 $480,395 $814,362 $1,673,115 $-333,967
2020 $1,711,715 $1,661,897 $1,989,374 $49,818
2019 $1,758,653 $1,708,643 $1,855,587 $50,010
2018 $1,813,831 $1,688,521 $1,786,257 $125,310
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