ASHEVILLE COMMUNITY THEATRE INC (EIN 566002669) - Form 990 Financial Analysis & Trantor Score

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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

1946

Legal Domicile

Principal Officer

GEORGE SIEBURG

Phone

8282541320

Tax Period

2022-09-01 to 2023-08-31

ASHEVILLE COMMUNITY THEATRE INC, founded in 1946, is a small nonprofit in the Arts, Culture & Humanities sector that reported $936K in total revenue in fiscal year 2022. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PROVIDE ENTERTAINMENT, ENRICHMENT, AND EDUCATION THROUGH THE PRACTICE AND CELEBRATION OF THE THEATRE ARTS. OUR VISION IS FOR THE THEATRE TO BE AN INTEGRAL PART OF THE COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $353,908

Program Service Revenue $546,895

Investment Income $1,399

Other Revenue $33,303

TOTAL REVENUE $935,505

Expense Breakdown

Grants Paid $0

Salaries & Benefits $585,036

Fundraising Expenses $40,148

Program Expenses $969,384

Other Expenses $517,384

TOTAL EXPENSES $1,102,420

Year-over-Year Comparison

	2022	2021	Change
Revenue	$935,505	$665,358	+0.4%
Expenses	$1,102,420	$875,383	+0.3%
Net Income	$-166,915	$-210,025	-0.2%

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

151

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH HUDDLESTON	PRESIDENT	4.00	Officer Director	$0	$0	$0
CRAIG JUSTUS	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
SUSAN MALEY	SECRETARY	4.00	Officer Director	$0	$0	$0
BRAY CREECH	TREASURER	4.00	Officer Director	$0	$0	$0
RICK MANHEIM	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
ANDREW ATHERTON	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE HICKLING BECKMAN	DIRECTOR	1.00	Director	$0	$0	$0
ROB BOWEN	DIRECTOR	1.00	Director	$0	$0	$0
DAMIAN DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
LANCE MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN TURNER OSWALD	DIRECTOR	1.00	Director	$0	$0	$0
LUPE PEREZ	DIRECTOR	1.00	Director	$0	$0	$0
KAREN TEEL	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WHILDEN	DIRECTOR	1.00	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
2023	$935,505	$1,102,420	$2,461,129	$-166,915
2022	$665,358	$875,383	$2,551,715	$-210,025
2021	$769,523	$458,791	$2,784,944	$310,732
2020	$1,026,058	$924,134	$2,416,248	$101,924
2019	$1,107,508	$1,128,174	$2,631,210	$-20,666
2018	$1,598,068	$1,047,239	$2,917,513	$550,829

ASHEVILLE COMMUNITY THEATRE INC