FLORENCE LITTLE THEATRE (EIN 570479189) - 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

1948

Legal Domicile

Principal Officer

MONTE MICHELSEN-SANDLER

Phone

8436623731

Tax Period

2024-07-01 to 2025-06-30

FLORENCE LITTLE THEATRE, founded in 1948, is a small nonprofit in the Arts, Culture & Humanities sector that reported $653K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $949K exceeded revenue, resulting in a 45% operating deficit.

Mission

PRODUCTIONS OF MUSICAL, DRAMATIC & COMEDIC PLAYS.

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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 $219,215

Program Service Revenue $310,578

Investment Income $110,844

Other Revenue $12,664

TOTAL REVENUE $653,301

Expense Breakdown

Grants Paid $0

Salaries & Benefits $225,599

Fundraising Expenses $9,479

Program Expenses $814,013

Other Expenses $723,305

TOTAL EXPENSES $948,904

Year-over-Year Comparison

	2024	2023	Change
Revenue	$653,301	$556,146	+0.2%
Expenses	$948,904	$905,095	+0.0%
Net Income	$-295,603	$-348,949	-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

162

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

$80,719

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA LARRIMORE	EXECUTIVE DIRECTOR	40.00	Director	$67,500	$13,219	$80,719
JUMANA SWINDLER	MEMBER	1.00	Director	$0	$0	$0
ANGIE WOODBERRY	MEMBER	1.00	Director	$0	$0	$0
MONTE MICHELSEN-SANDLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
DELSENIA MURCHISON	MEMBER	1.00	Director	$0	$0	$0
RYAN WHITE	MEMBER	1.00	Director	$0	$0	$0
RHONDA CUSAAC	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL FOXWORTH	MEMBER	1.00	Director	$0	$0	$0
CLIFF JONES	MEMBER	1.00	Director	$0	$0	$0
ROBIN THOMPSON	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
JOHN TURNER	TREASURER	1.00	Officer Director	$0	$0	$0
ARLENE BOYD	MEMBER	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
2025	$653,301	$948,904	$7,018,134	$-295,603
2024	$556,146	$905,095	$7,273,626	$-348,949
2023	$482,173	$812,903	$7,539,842	$-330,730
2022	$232,447	$725,475	$7,777,866	$-493,028
2021	$313,275	$635,705	$8,371,570	$-322,430
2020	$529,345	$796,013	$8,510,392	$-266,668
2019	$590,209	$854,801	$8,843,452	$-264,592
2018	$607,375	$940,215	$9,158,783	$-332,840

FLORENCE LITTLE THEATRE