COMMONWEALTH THEATRE CENTER INC

EIN: 610902722 501(c)(3) Arts, Culture & Humanities

LOUISVILLE, KY

Total Revenue
$880,785
Total Expenses
$1,089,238
Total Assets
$336,347
Net Assets
$46,579
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
KY
Principal Officer
ELIZABETH ZIMMERMAN PHD
Phone
5025890084
Tax Period
2022-08-01 to 2023-07-31

COMMONWEALTH THEATRE CENTER INC, founded in 1976, is a small nonprofit in the Arts, Culture & Humanities sector that reported $881K in total revenue in fiscal year 2022. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.1M exceeded revenue, resulting in a 24% operating deficit.

Mission

DEVELOPING YOUTH AND OUR COMMUNITY THROUGH EXCELLENCE IN THEATRE EDUCATION AND PERFORMANCE.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $540,017
Program Service Revenue $355,165
Investment Income $0
Other Revenue $-14,397
TOTAL REVENUE $880,785

Expense Breakdown

Grants Paid $5,475
Salaries & Benefits $743,963
Fundraising Expenses $63,655
Program Expenses $740,041
Other Expenses $324,096
TOTAL EXPENSES $1,089,238

Year-over-Year Comparison

2022 2021 Change
Revenue $880,785 $778,761 +0.1%
Expenses $1,089,238 $1,082,182 +0.0%
Net Income $-208,453 $-303,421 -0.3%
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

Sign In

Governance

Voting Members
11
Independent Members
11
Employees
19
Volunteers
300

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
6
$34,745
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
IAN FRANK MANAGING DIR 40.00
Officer
$31,113 $3,632 $34,745
ANGELA MCCORKLE BUCKLER PAST PRESIDE 2.00
Officer Director
$0 $0 $0
KATHY CAMPBELL BOARD MEMBER 1.00
Director
$0 $0 $0
PATTI CLARE SECRETARY 2.00
Officer Director
$0 $0 $0
DR TAMEKKA CORNELIUS BOARD MEMBER 1.00
Director
$0 $0 $0
JIMI FITCH TREASURER 2.00
Officer Director
$0 $0 $0
MARK GOMSAK BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN HYDE BOARD MEMBER 1.00
Director
$0 $0 $0
BRAD KEETON BOARD MEMBER 1.00
Director
$0 $0 $0
TRICIA LISTER BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH ZIMMERMAN PHD BOARD PRESID 2.00
Officer Director
$0 $0 $0
ANITA STREETER VICE PRESIDE 2.00
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
2023 $880,785 $1,089,238 $336,347 $-208,453
2022 $778,761 $1,082,182 $462,068 $-303,421
2021 $1,131,192 $983,014 $772,604 $148,178
2020 $1,181,292 $1,115,510 $670,039 $65,782
2019 $1,315,010 $1,220,041 $370,590 $94,969
Explore More Nonprofits
→Top 100 Nonprofits in Kentucky →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare COMMONWEALTH THEATRE CENTER INC with other nonprofits in Kentucky and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.