HIPPODROME STATE THEATRE INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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.

Program Service Accomplishments

Program 1

Expenses: $1,390,371 Revenue: $566,375

MAIN STAGE - Encompasses the production of an annual series of major theatrical performances, generally running from September through June. Being the only professional theater in the area, it...

MAIN STAGE - Encompasses the production of an annual series of major theatrical performances, generally running from September through June. Being the only professional theater in the area, it establishes Gainesville as a cultural hub in the region and provides the community with the opportunity to view new and challenging works, expand their artistic awareness, and experience high-quality productions by Award-Winning designers and playwrights.

Program 2

Expenses: $107,960 Revenue: $115,882

Education Programs - Internationally recognized teen and pre-teen arts-based prevention and intervention programs, service learning programs in which teens write and perform issues based works for...

Education Programs - Internationally recognized teen and pre-teen arts-based prevention and intervention programs, service learning programs in which teens write and perform issues based works for their peers, and classes and workshops conducted for both children and adults interested in studying theater and film. The theater also offers an internship program in which local students and recent graduates may gain experience and prove themselves in a professional theater environment.

Program 3

Expenses: $95,061 Revenue: $44,419

CINEMA - Shows of limited release, first run cinema productions and film festivals. Provides an opportunity for the showing of independent art films, documentaries, and foreign films that would not otherwise be available to the general public. Often features live interview sessions during which audience members may interact with directors, screen writers, and community figures related to the films.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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