Carolina Theatre of Durham Inc (EIN 561759337) - 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

1992

Legal Domicile

Principal Officer

Randy McKay

Phone

9195603070

Tax Period

2024-07-01 to 2025-06-30

Carolina Theatre of Durham Inc, founded in 1992, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.0M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 35% operating margin.

Mission

The Carolina Theatre is committed to the telling of original, innovative stories and works. We provide a platform for artists to entertain through the creation of emotional and educational experiences that reshape hearts and minds. We are dedicated to the greater Durham and Triangle area while serving as a space to bring our diverse community together to learn about, participate in, and celebrate the arts. Our Education and Outreach programs attracted more than 11,000 attendees, including 6,600 K-12 students, while Film and Live events brought more than 100,000 audience members to our historic theater.

🔒

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 $3,180,006

Program Service Revenue $3,233,776

Investment Income $143,205

Other Revenue $394,778

TOTAL REVENUE $6,951,765

Expense Breakdown

Grants Paid $7,509

Salaries & Benefits $2,495,198

Fundraising Expenses $391,305

Program Expenses $3,496,980

Other Expenses $1,999,618

TOTAL EXPENSES $4,502,325

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,951,765	$4,710,587	+0.5%
Expenses	$4,502,325	$4,026,954	+0.1%
Net Income	$2,449,440	$683,633	+2.6%

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

131

Volunteers

250

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

$306,747

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brian Buzby	Director	1.00	Director	$0	$0	$0
Debbie McDermott	Director	1.00	Director	$0	$0	$0
Matt Springer	Director	1.00	Director	$0	$0	$0
Aniqa Tariq	Director	1.00	Director	$0	$0	$0
Ashley Pieraccini	Vice-Chair	1.00	Officer Director	$0	$0	$0
Katey Rich	Immediate Past Chair	1.00	Officer Director	$0	$0	$0
Kasey Decosimo	Secretary	1.00	Officer Director	$0	$0	$0
Jennifer Donner	Director	1.00	Director	$0	$0	$0
Alexis Vaughn	Director	1.00	Director	$0	$0	$0
Rob GoFourth	Director	1.00	Director	$0	$0	$0
Kenneth Hinton	Director	1.00	Director	$0	$0	$0
Mig Murphy Sistrom	Director	1.00	Director	$0	$0	$0
Deirdre Peoples-Guion	Director	1.00	Director	$0	$0	$0
Sheena Cooper	Director	1.00	Director	$0	$0	$0
Michelle Burton	Director	1.00	Director	$0	$0	$0
Steve Bartlett	Director	1.00	Director	$0	$0	$0
Rob Hallford	Treasurer	1.00	Officer Director	$0	$0	$0
Josephine Davis	Director	1.00	Director	$0	$0	$0
Tynetta Walker	Chair	1.00	Officer Director	$0	$0	$0
Carl Rist	Director	1.00	Director	$0	$0	$0
Randy McKay	President & CEO	40.00	Officer	$172,003	$8,722	$180,725
Steve Lebowitz	Former CFO	40.00	Officer	$74,004	$746	$74,750
Donald Miller	CFO	40.00	Officer	$46,784	$4,488	$51,272

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	$6,951,765	$4,502,325	$8,506,071	$2,449,440
2024	No data	No data	No data	No data
2023	$3,832,955	$3,155,987	$5,614,445	$676,968
2022	$4,794,341	$2,634,280	$4,096,389	$2,160,061
2021	$1,542,251	$1,408,262	$2,126,173	$133,989
2020	$2,741,073	$3,049,385	$1,891,050	$-308,312
2019	$3,565,787	$3,159,387	$2,262,139	$406,400
2018	$3,174,684	$2,700,295	$1,566,941	$474,389

Carolina Theatre of Durham Inc