RITZ COMMUNITY THEATER PROJECT INC… - Form 990 Financial Data

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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

2008

Legal Domicile

Principal Officer

BRIAN CASEY

Phone

4073218111

Tax Period

2024-07-01 to 2025-06-30

RITZ COMMUNITY THEATER PROJECT INC DBA WAYNE DENSCH PERFORMING ARTS CENTER, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $897K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $844K left a modest 6% surplus.

Mission

TO PRESENT LIVE THEATER IN SANFORD, FLORIDA (AND SURROUNDING COMMUNITIES), FEATURING AMATEUR STATUS TALENT TO AFFORD THE CENTRAL FLORIDA POPULATION AN OPPORTUNITY TO SEE FIRST CLASS SHOWS AT REASONABLE COST AND ALSO GIVE AN OPPORTUNITY TO LOCAL TALENT TO PERFORM IN A THEATER ENVIRONMENT TO PERFORM FREE OF CHARGE.

Program Service Accomplishments

Program 1

Expenses: $347,787 Revenue: $359,423

NATIONAL SHOWS:THE NATIONAL SHOW PROGRAMS FEATURE MANY "TRIBUTE" MUSICAL PERFORMANCES. EACH YEAR, THE PRODUCTION COMMITTEE OF THE WAYNE DENSCH PERFORMING ARTS CENTER (WDPAC) SELECTS BETWEEN SIX AND EIGHT NATIONAL SHOWS AND THESE SHOWS HAVE SHOWN A POSITIVE CASH FLOW, WHICH CAN BE DIRECTED TO CAPITAL IMPROVEMENTS, AS WELL AS SUPPORTING OUR MANY YOUTH AND OUTREACH PROGRAMS.

Program 2

Expenses: $270,501 Revenue: $279,552

JUNIOR REPERTORY SHOWS:THE WDPAC JUNIOR REPERTORY COMPANY WAS CREATED TO PROVIDE OPPORTUNITIES FOR THE YOUTH OF SEMINOLE AND SURROUNDING COUNTIES TO ENGAGE IN ALL ASPECTS OF THE PERFORMING ARTS...

JUNIOR REPERTORY SHOWS:THE WDPAC JUNIOR REPERTORY COMPANY WAS CREATED TO PROVIDE OPPORTUNITIES FOR THE YOUTH OF SEMINOLE AND SURROUNDING COUNTIES TO ENGAGE IN ALL ASPECTS OF THE PERFORMING ARTS EXPERIENCE. THE WDPAC CONTINUES TO SUPPORT A STRONG YOUTH PROGRAM THAT EDUCATES, PROMOTES COMMUNITY OUTREACH AND PROVIDES A POSITIVE SET OF ROLE MODELS FOR THE YOUTH OF OUR COMMUNITY.

Program 3

Expenses: $154,572 Revenue: $159,744

REPERTORY SHOWS:THE WDPAC REPERTORY COMPANY PROVIDES AN EXCELLENT OPPORTUNITY FOR ALL LOCAL COMMUNITY CITIZENS AND VISITORS TO ENGAGE IN EVERY ASPECT OF STAGE PERFORMANCES. ADDITIONALLY, THE...

REPERTORY SHOWS:THE WDPAC REPERTORY COMPANY PROVIDES AN EXCELLENT OPPORTUNITY FOR ALL LOCAL COMMUNITY CITIZENS AND VISITORS TO ENGAGE IN EVERY ASPECT OF STAGE PERFORMANCES. ADDITIONALLY, THE REPERTORY PERFORMANCES GENERATE A POSITIVE CASH FLOW THAT SUPPORTS THE MISSION OF THE WDPAC.

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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 $88,289

Program Service Revenue $717,988

Investment Income $7,549

Other Revenue $82,933

TOTAL REVENUE $896,759

Expense Breakdown

Grants Paid $0

Salaries & Benefits $119,305

Fundraising Expenses $0

Program Expenses $772,860

Other Expenses $725,164

TOTAL EXPENSES $844,469

Year-over-Year Comparison

	2024	2023	Change
Revenue	$896,759	$1,018,440	-0.1%
Expenses	$844,469	$879,737	0.0%
Net Income	$52,290	$138,703	-0.6%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
KATHRYN TOWNSEND	PRESIDENT	Officer Director	$0	$0	$0
DERRICK DANIELS	VICE PRESIDENT	Officer Director	$0	$0	$0
ART WOODRUFF	SECRETARY	Officer Director	$0	$0	$0
BRIAN CASEY	TREASURER	Officer Director	$0	$0	$0
DONNA BUNDY	DIRECTOR	Director	$0	$0	$0
SARAH REECE	DIRECTOR	Director	$0	$0	$0
DAVID SCOTT	DIRECTOR	Director	$0	$0	$0
DR STEPHEN GELOVICH	DIRECTOR	Director	$0	$0	$0
TAMARAH CHIRIANI	DIRECTOR	Director	$0	$0	$0
KAREN HERIOT	DIRECTOR	Director	$0	$0	$0
TERI SICILIANO	DIRECTOR	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	$896,759	$844,469	$1,378,524	$52,290
2024	$1,018,440	$879,737	$1,267,559	$138,703
2023	$1,050,239	$702,954	$1,352,153	$347,285
2022	$612,675	$532,229	$997,117	$80,446
2021	$450,081	$469,428	$927,031	$-19,347
2020	$470,333	$447,990	$923,276	$22,343

RITZ COMMUNITY THEATER PROJECT INC DBA WAYNE DENSCH PERFORMING ARTS CENTER