TEMPLE THEATRE COMPANY

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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

1987

Legal Domicile

Principal Officer

PEGGY TAPHORN

Phone

9197744155

Tax Period

2024-07-01 to 2025-06-30

TEMPLE THEATRE COMPANY, founded in 1987, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 5% surplus.

Mission

PROMOTES PROGRAMS OF A CULTRUAL, EDUCATIONAL, & RECREATIONAL NATURE FOR THE BENEFIT OF THE COMMUNITY THROUGH THE ART OF LIVE THEATRE. AS SANFORD NORTH CAROLINA'S NUMBER ONE TOURIST ATTRACTION, THE ORGANIZATION GENERATES BUSINESS FOR LOCAL MERCHANTS AND HELPS PROMOTE ECONOMIC STABILITY IN THE COUNTY. THE PRODUCTION COSTS ARE FINANCED BY TICKET SALES.

Program Service Accomplishments

Program 1

Expenses: $574,329

PROMOTES PROGRAMS OF A CULTRUAL & RECREATIONAL NATURE FOR THE BENEFIT OF THE COMMUNITY. THE PRODUCTION COSTS ARE FINANCED BY TICKET SALES.

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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 $547,222

Program Service Revenue $995,542

Investment Income $14,583

Other Revenue $64,324

TOTAL REVENUE $1,621,671

Expense Breakdown

Grants Paid $0

Salaries & Benefits $736,647

Fundraising Expenses $0

Program Expenses $574,329

Other Expenses $801,858

TOTAL EXPENSES $1,538,505

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,621,671	$1,238,987	+0.3%
Expenses	$1,538,505	$1,283,239	+0.2%
Net Income	$83,166	$-44,252	-2.9%

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

100

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

$127,143

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PEGGY TAPHORN	ARTISTIC DIR	40.00	Officer	$127,143	$0	$127,143
SHAY BENTON	TREASURER	2.00	Officer Director	$0	$0	$0
WILLIAM GROSS	DIRECTOR	2.00	Director	$0	$0	$0
KEN HOYLE	PRESIDENT	2.00	Officer Director	$0	$0	$0
KAREN HUEY	DIRECTOR	2.00	Director	$0	$0	$0
STEVE MALLOY	DIRECTOR	2.00	Director	$0	$0	$0
TERRY MCMILLAN	DIRECTOR	2.00	Director	$0	$0	$0
LINDA MOORE	DIRECTOR	2.00	Director	$0	$0	$0
DAVID MORSE	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JUSTIN SMITH	SECRETARY	2.00	Officer Director	$0	$0	$0
RICK TOWNER	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
2025	$1,621,671	$1,538,505	$2,393,678	$83,166
2024	$1,238,987	$1,283,239	$2,156,105	$-44,252
2023	$1,068,079	$1,030,915	$2,239,784	$37,164
2023	$1,027,701	$1,082,215	$2,123,429	$-54,514
2022	$1,715,783	$971,374	$2,219,276	$744,409
2022	$1,372,503	$924,377	$2,204,220	$448,126
2021	$936,886	$686,604	$1,747,724	$250,282
2020	$1,184,838	$892,926	$1,315,277	$291,912
2019	$1,174,149	$1,038,115	$1,067,287	$136,034