HIGHLANDS COMMUNITY THEATRE INC (EIN 566060841) - 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

Principal Officer

HARRY CGOTTWALS JR

Phone

8285262695

Tax Period

2024-01-01 to 2024-12-31

HIGHLANDS COMMUNITY THEATRE INC is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 19% operating deficit.

Mission

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

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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 (2024)

Revenue Breakdown

Contributions & Grants $369,671

Program Service Revenue $646,074

Investment Income $14,155

Other Revenue $33,816

TOTAL REVENUE $1,063,716

Expense Breakdown

Grants Paid $0

Salaries & Benefits $347,343

Fundraising Expenses $81,230

Program Expenses $1,072,573

Other Expenses $919,155

TOTAL EXPENSES $1,266,498

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,063,716	$1,170,170	-0.1%
Expenses	$1,266,498	$1,231,487	+0.0%
Net Income	$-202,782	$-61,317	+2.3%

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
HARRY CGOTTWALS JR	PRESIDENT	4.00	Officer Director	$0	$0	$0
PAMELA FRANKLIN CARVER	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
SANDRA S WYCKOFF	TREASURER	4.00	Officer Director	$0	$0	$0
CHARLES GREGORY COPELAND	COMPLIANCE O	2.00	Officer Director	$0	$0	$0
BERNADETTE KIRKLAND	SECRETARY	2.00	Officer Director	$0	$0	$0
BECKY MATHENY	DEVELOPMENT	2.00	Director	$0	$0	$0
CINDY FRAVERT	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK COLEMAN	DIRECTOR	2.00	Director	$0	$0	$0
STEVE SHEPPARD	DIRECTOR	2.00	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
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

HIGHLANDS COMMUNITY THEATRE INC