HIGHLANDS COMMUNITY THEATRE INC

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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

Principal Officer

PATRICK COLEMAN

Phone

8285262695

Tax Period

2025-01-01 to 2025-12-31

HIGHLANDS COMMUNITY THEATRE INC is a small nonprofit in the Arts, Culture & Humanities sector that reported $974K in total revenue in fiscal year 2025. Revenue decreased 8% compared to the prior year.

Mission

PRODUCE AND DELIVER LIVE THEATRICAL PROGRAMS THAT ENGAGE, ENRICH AND ENTERTAIN THE COMMUNITIES IN AND AROUND WESTERN NORTH CAROLINA.

Program Service Accomplishments

Program 1

Expenses: $923,992

PRESENTED LIVE MUSICAL THEATRE FROM JUNE THROUGH DECEMBER.

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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 (2025)

Revenue Breakdown

Contributions & Grants $504,267

Program Service Revenue $458,017

Investment Income $2,266

Other Revenue $9,715

TOTAL REVENUE $974,265

Expense Breakdown

Grants Paid $0

Salaries & Benefits $286,821

Fundraising Expenses $20,596

Program Expenses $923,992

Other Expenses $767,437

TOTAL EXPENSES $1,054,258

Year-over-Year Comparison

	2025	2024	Change
Revenue	$974,265	$1,063,716	-0.1%
Expenses	$1,054,258	$1,266,498	-0.2%
Net Income	$-79,993	$-202,782	-0.6%

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

N/A

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
SANDRA S WYCKOFF	TREASURER	4.00	Officer Director	$0	$0	$0
BERNADETTE KIRKLAND	SECRETARY	2.00	Officer Director	$0	$0	$0
CINDY FRAVERT	FORMER VICE-	2.00	Officer	$0	$0	$0
PATRICK COLEMAN	ACTING PRESI	4.00	Officer	$0	$0	$0
STEVE SHEPPARD	VICE-PRESIDE	4.00	Officer	$0	$0	$0
JANET WILSON	DIRECTOR	2.00	Director	$0	$0	$0
CHERRY HUDGINS	FORMER ASSIS	2.00	Officer	$0	$0	$0
PAM CARVER	FORMER PRESI	4.00	Officer	$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	$974,265	$1,054,258	$254,455	$-79,993
2024	$1,063,716	$1,266,498	$350,056	$-202,782
2023	$1,170,170	$1,231,487	$548,688	$-61,317
2022	$845,923	$802,859	$606,477	$43,064
2021	$785,463	$458,582	$535,150	$326,881
2020	$195,663	$178,620	$200,448	$17,043
2019	$810,714	$722,449	$155,437	$88,265
2018	$569,114	$636,777	$66,498	$-67,663