HIPPODROME STATE THEATRE INC (EIN 591590987) - 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

1973

Legal Domicile

Principal Officer

Michael Curry

Phone

3523735968

Tax Period

2024-08-01 to 2025-07-31

HIPPODROME STATE THEATRE INC, founded in 1973, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

Artistic performances and education in the theatre arts.

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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 $887,383

Program Service Revenue $726,676

Investment Income $592

Other Revenue $191,898

TOTAL REVENUE $1,806,549

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,026,788

Fundraising Expenses $91,308

Program Expenses $1,593,392

Other Expenses $756,831

TOTAL EXPENSES $1,783,619

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,806,549	$1,902,021	-0.1%
Expenses	$1,783,619	$1,937,047	-0.1%
Net Income	$22,930	$-35,026	-1.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gretchen Howard	Board Member	1.00	Director	$0	$0	$0
Jeffrey Tate	Board Member	1.00	Director	$0	$0	$0
Bruce Cornwell	Vice President	1.00	Officer Director	$0	$0	$0
Michael Curry	President	4.00	Officer 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	$1,806,549	$1,783,619	$239,043	$22,930
2024	$1,902,021	$1,937,047	$247,174	$-35,026
2023	$1,390,050	$1,729,682	$473,841	$-339,632
2023	$241,031	$346,058	$379,701	$-105,027
2022	$1,810,667	$1,217,554	$735,582	$593,113
2021	$809,453	$975,279	$593,179	$-165,826
2020	$1,931,749	$1,780,518	$547,035	$151,231
2019	$2,037,444	$1,982,365	$367,965	$55,079
2018	$2,051,452	$2,089,404	$415,091	$-37,952

HIPPODROME STATE THEATRE INC