The Childrens Theatre of Charlotte Inc (EIN 561028031) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1948

Legal Domicile

Principal Officer

Naoya Tsurumaki

Phone

7049732800

Tax Period

2024-07-01 to 2025-06-30

The Childrens Theatre of Charlotte Inc, founded in 1948, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.0M in total revenue in fiscal year 2024. Expenses of $5.1M exceeded revenue, resulting in a 25% operating deficit.

Mission

The mission of Children's Theatre of Charlotte (CTC) is to create exceptional theatre experiences, inspiring generations to explore the wonder of their world.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,089,345

Program Service Revenue $2,868,016

Investment Income $85,823

Other Revenue $-3,721

TOTAL REVENUE $4,039,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,373,777

Fundraising Expenses $300,816

Program Expenses $3,671,994

Other Expenses $1,677,231

TOTAL EXPENSES $5,051,008

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,039,463	$4,179,496	0.0%
Expenses	$5,051,008	$5,055,677	0.0%
Net Income	$-1,011,545	$-876,181	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

203

Volunteers

1350

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

$287,307

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Adam Burke	Artistic Dir.	60.00	Officer	$132,671	$11,397	$144,068
Naoya Tsurumaki	Managing Dir.	60.00	Officer	$133,745	$9,494	$143,239
Sallie Beason	Board Chair	5.00	Officer Director	$0	$0	$0
Lisa Miller	Chair-Elect	1.20	Officer Director	$0	$0	$0
Stephanie Isham	Treasurer	2.00	Officer Director	$0	$0	$0
Nichelle Weintraub	Secretary	1.20	Officer Director	$0	$0	$0
April Whitlock	Director	0.60	Director	$0	$0	$0
Ben Hume	Director	0.60	Director	$0	$0	$0
Brian Litwak	Director	0.60	Director	$0	$0	$0
Caryn Craige	Director	0.60	Director	$0	$0	$0
Charlitta Hatch	Director	0.60	Director	$0	$0	$0
Cynthia Banks	Director	0.60	Director	$0	$0	$0
Eric Ritz	Director	0.60	Director	$0	$0	$0
Jennifer Madara	Director	0.60	Director	$0	$0	$0
Katie Ramseur	Director	0.60	Director	$0	$0	$0
Kristin Tokic	Director	0.60	Director	$0	$0	$0
Leigh Hickman	Director	0.60	Director	$0	$0	$0
Maddie Myers	Director	0.60	Director	$0	$0	$0
Mary Alice Boyd	Director	0.60	Director	$0	$0	$0
Michael Tarwater Jr	Director	0.60	Director	$0	$0	$0
Mike Burgess	Director	0.60	Director	$0	$0	$0
Mitchell Kelling	Director	0.60	Director	$0	$0	$0
Mitzi Lynch	Director	0.60	Director	$0	$0	$0
Rosemary Morgan	Director	0.60	Director	$0	$0	$0
Scott Manning	Director	0.60	Director	$0	$0	$0
Stephanie Couch	Director	0.60	Director	$0	$0	$0
Tanya Taylor	Director	0.60	Director	$0	$0	$0
Tim James	Director	0.60	Director	$0	$0	$0
Veronica Bell	Director	0.60	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	$4,039,463	$5,051,008	$21,858,004	$-1,011,545
2024	$4,179,496	$5,055,677	$22,467,899	$-876,181
2023	$5,456,222	$4,839,541	$23,050,715	$616,681
2022	$4,093,618	$4,200,626	$23,010,737	$-107,008
2021	$2,866,228	$2,997,928	$26,819,373	$-131,700
2019	$3,948,826	$4,594,672	$26,303,626	$-645,846
2018	$4,868,169	$4,521,335	$27,977,787	$346,834

The Childrens Theatre of Charlotte Inc