SPARTANBURG LITTLE THEATRE

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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

JAY COFFMAN

Phone

8645858278

Tax Period

2022-07-01 to 2023-06-30

SPARTANBURG LITTLE THEATRE, founded in 1946, is a small nonprofit in the Arts, Culture & Humanities sector that reported $972K in total revenue in fiscal year 2022. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $903K left a modest 7% surplus.

Mission

THE MISSION OF THE SPARTANBURG LITTLE THEATRE IS TO ACTIVATE, CULTIVATE, AND EDUCATE OUR COMMUNITY BY PROVIDING QUALITY THEATRICAL EXPERIENCES.

Program Service Accomplishments

Program 1

Expenses: $578,892 Revenue: $435,041

THE ORGANIZATION STIMULATES AN INTEREST IN THE ARTS, MUSIC, LITERATURE AND DRAMATICS IN PERSONS OF ALL AGES THROUGH EDUCATION, TRAINED SUPERVISION, AND DIRECTION IN AMATEUR DRAMATICS.

Program 2

Expenses: $162,140 Revenue: $230,454

THE YOUTH THEATRE SPECIFICALLY TARGETS CHILDREN TO CULTIVATE DRAMATIC TALENT AND TO TEACH GRACE, GOOD SPEECH, STAGE PRESENCE, AND SELF-CONFIDENCE THROUGH PUBLIC APPEARANCES FOR THE SPARTANBURG...

THE YOUTH THEATRE SPECIFICALLY TARGETS CHILDREN TO CULTIVATE DRAMATIC TALENT AND TO TEACH GRACE, GOOD SPEECH, STAGE PRESENCE, AND SELF-CONFIDENCE THROUGH PUBLIC APPEARANCES FOR THE SPARTANBURG COMMUNITY. THE ORGANIZATION CONDUCTED 4 YOUTH PERFORMANCES WITH ALL ASPECTS OF THE PRODUCTIONS RAN BY CHILDREN. IN ADDITION, A VARIETY OF SPRING CLASSES AND SUMMER CAMPS WERE HOSTED DURING THE FISCAL YEAR ENDING JUNE 30, 2023.

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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 $286,638

Program Service Revenue $651,337

Investment Income $17,687

Other Revenue $16,651

TOTAL REVENUE $972,313

Expense Breakdown

Grants Paid $0

Salaries & Benefits $355,739

Fundraising Expenses $0

Program Expenses $741,032

Other Expenses $547,529

TOTAL EXPENSES $903,268

Year-over-Year Comparison

	2022	2021	Change
Revenue	$972,313	$721,662	+0.3%
Expenses	$903,268	$701,670	+0.3%
Net Income	$69,045	$19,992	+2.5%

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

200

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

$71,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES BUNDE	BOARD MEMBER	0.00	Director	$0	$0	$0
JACQUELINE BRUMELL	TREASURER	0.00	Officer Director	$0	$0	$0
ALLISON ELLIS	PRESIDENT ELECT	0.00	Officer Director	$0	$0	$0
AHSHA DANIELS	BOARD MEMBER	0.00	Director	$0	$0	$0
CHRIS BRYMER	BOARD MEMBER	0.00	Director	$0	$0	$0
LISA DEFREITAS	PRESIDENT	0.00	Officer Director	$0	$0	$0
KIMBERLEY JONES	BOARD MEMBER	0.00	Director	$0	$0	$0
MALCOM MCCLURE	BOARD MEMBER	0.00	Director	$0	$0	$0
SCOTT WADDELL	SECRETARY	0.00	Officer Director	$0	$0	$0
ANNA-ELYSE ABRAMS	BOARD MEMBER	0.00	Director	$0	$0	$0
BRANDY TURLEY	SYT COUNCIL PRESIDENT	0.00	Officer Director	$0	$0	$0
JENNIFER BRUCE	BOARD MEMBER	0.00	Director	$0	$0	$0
MARK BYRNES	BOARD MEMBER	0.00	Director	$0	$0	$0
JONATHAN GARNER	BOARD MEMBER	0.00	Director	$0	$0	$0
LORI HENKE	BOARD MEMBER	0.00	Director	$0	$0	$0
REID JOHNSON	BOARD MEMBER	0.00	Director	$0	$0	$0
JONATHAN W LOUNSBERRY	MEMBER AT LARGE	0.00	Officer Director	$0	$0	$0
PHILLIP K SINCLAIR	BOARD MEMBER	0.00	Director	$0	$0	$0
MEGHAN SMITH	BOARD MEMBER	0.00	Director	$0	$0	$0
JAY COFFMAN	EXECUTIVE ARTISTIC DIRECTOR	40.00	Officer	$71,750	$0	$71,750

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$972,313	$903,268	$1,660,150	$69,045
2022	$721,662	$701,670	$1,292,027	$19,992
2021	$408,522	$481,153	$1,388,725	$-72,631
2020	$811,877	$716,508	$1,202,868	$95,369
2019	$861,088	$770,240	$1,164,662	$90,848