POLK THEATRE INC (EIN 592274522) - 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

1982

Legal Domicile

Principal Officer

LESLIE SIKORA

Phone

8636827553

Tax Period

2023-10-01 to 2024-09-30

POLK THEATRE INC, founded in 1982, is a small nonprofit in the Arts, Culture & Humanities sector that reported $940K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum.

Mission

RESTORATION AND PRESERVATION OF HISTORIC ATMOSPHERIC THEATRE

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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 (2023)

Revenue Breakdown

Contributions & Grants $391,680

Program Service Revenue $547,619

Investment Income $-84

Other Revenue $317

TOTAL REVENUE $939,532

Expense Breakdown

Grants Paid $0

Salaries & Benefits $361,645

Fundraising Expenses $0

Program Expenses $710,539

Other Expenses $575,975

TOTAL EXPENSES $937,620

Year-over-Year Comparison

	2023	2022	Change
Revenue	$939,532	$668,380	+0.4%
Expenses	$937,620	$857,254	+0.1%
Net Income	$1,912	$-188,874	-1.0%

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

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

$90,000

Total Directors

$90,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESLIE SIKORA	PRESIDENT/CE	40.00	Officer Director	$90,000	$0	$90,000
JAMES EDWARDS	CHAIRMAN	2.50	Director	$0	$0	$0
BRAD CRENSHAW	SECRETARY	1.00	Officer Director	$0	$0	$0
MATTHEW SCHICHTEL	TREASURER	1.00	Officer Director	$0	$0	$0
JJ WEEKS	TRUSTEE	0.50	Officer Director	$0	$0	$0
GATE ARTY	TRUSTEE	0.50	Director	$0	$0	$0
DEEDRA DANIEL	TRUSTEE	0.50	Director	$0	$0	$0
ROBERT LAY	TRUSTEE	0.50	Director	$0	$0	$0
KYLE VREELAND	TRUSTEE	0.50	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
2024	$939,532	$937,620	$1,893,695	$1,912
2023	$668,380	$857,254	$1,893,967	$-188,874
2022	$670,049	$814,637	$2,007,426	$-144,588
2021	$771,535	$720,036	$2,167,498	$51,499
2020	$502,426	$713,976	$2,185,199	$-211,550
2019	$1,058,498	$884,681	$2,282,846	$173,817
2018	$798,719	$845,651	$2,096,392	$-46,932

POLK THEATRE INC