Matthews Playhouse of the Performing Arts Inc

EIN: 561937368 501(c)(3) Arts, Culture & Humanities

Matthews, NC

Total Revenue
$1,491,851
Total Expenses
$1,497,568
Total Assets
$964,259
Net Assets
$675,152
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
NC
Principal Officer
Brittany Allgood
Phone
7048468343
Tax Period
2024-07-01 to 2025-06-30

Matthews Playhouse of the Performing Arts Inc, founded in 1995, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

Matthews Playhouse is a community based non-profit theater organization comitted to enriching the lives of children and adults by inviting them to partipate in the world of performing 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 $488,883
Program Service Revenue $966,739
Investment Income $23,849
Other Revenue $12,380
TOTAL REVENUE $1,491,851

Expense Breakdown

Grants Paid $1,585
Salaries & Benefits $634,436
Fundraising Expenses $0
Program Expenses $1,126,537
Other Expenses $861,547
TOTAL EXPENSES $1,497,568

Year-over-Year Comparison

2024 2023 Change
Revenue $1,491,851 $1,253,755 +0.2%
Expenses $1,497,568 $1,311,197 +0.1%
Net Income $-5,717 $-57,442 -0.9%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
13
Volunteers
488

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
6
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michelle Armas President 15.00
Officer Director
$0 $0 $0
Kristen Laatz Co- Vice President 10.00
Officer Director
$0 $0 $0
Stephanie Schmitt Co- Vice President 10.00
Officer Director
$0 $0 $0
Brittany Allgood Treasurer 10.00
Officer Director
$0 $0 $0
Penny Higdon Secretary 10.00
Officer Director
$0 $0 $0
Addie Rising Auxiliary 10.00
Officer Director
$0 $0 $0
Shelby Kinsley Member At Large 5.00
Director
$0 $0 $0
Kelly Young Member At Large 5.00
Director
$0 $0 $0
Amanda Mooney Member At Large 5.00
Director
$0 $0 $0
Ben Shelton Member At Large 5.00
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 $1,491,851 $1,497,568 $964,259 $-5,717
2024 $1,253,755 $1,311,197 $964,668 $-57,442
2023 $1,020,821 $990,214 $907,004 $30,607
2022 $927,758 $593,017 $855,848 $334,741
2021 $421,313 $359,680 $443,776 $61,633
2020 $612,365 $552,844 $396,210 $59,521
2019 $704,202 $663,087 $409,590 $41,115
2018 $648,832 $597,396 $372,443 $51,436
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