THE COLONIAL CENTER (EIN 611993542) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2021

Principal Officer

STUART TAYLOR

Phone

4344478779

Tax Period

2024-01-01 to 2024-12-31

THE COLONIAL CENTER, founded in 2021, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.7M in total revenue in fiscal year 2021. The organization ran a surplus of $4.4M, a strong 94% operating margin.

Mission

THE COLONIAL CENTER'S EXEMPT PURPOSE ACCOMPLISHMENT IS AS FOLLOWS: FOSTERING, ENCOURAGING, AND PROMOTING LIVE THEATRE AND THE ARTS THROUGH THE OPERATION OF A COMMUNITY THEATER THAT ENRICHES AND EDUCATES PEOPLE OF ALL AGES THROUGHOUT THE SOUTH HILL, VIRGINIA COMMUNITY STIMULATING, PROMOTING, AND DEVELOPING INTEREST IN THE DRAMATIC ARTS, ADVANCING THE NATIONAL CULTURE IN THE FIELD OF DRAMATIC ARTS AND, PROVIDING EDUCATIONAL PROGRAMMING RELATED TO THE DRAMATIC ARTS FOR THE GENERAL PUBLIC

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $44,115

Program Service Revenue $47,504

Investment Income $62,799

Other Revenue $0

TOTAL REVENUE $154,418

Expense Breakdown

Grants Paid $0

Salaries & Benefits $184,074

Fundraising Expenses $0

Program Expenses $387,358

Other Expenses $264,136

TOTAL EXPENSES $448,210

Year-over-Year Comparison

	2024	2023	Change
Revenue	$154,418	$196,360	-0.2%
Expenses	$448,210	$410,616	+0.1%
Net Income	$-293,792	$-214,256	+0.4%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR DESIDERIO RIMON	DIRECTOR	1.00	Director	$0	$0	$0
ERIC SJURSETH	VICE PRES/SE	2.00	Officer Director	$0	$0	$0
WILLIAM SOLARI	TREASURER	3.00	Officer Director	$0	$0	$0
STUART TAYLOR	PRESIDENT	1.00	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
2024	$154,418	$448,210	$4,315,654	$-293,792
2023	$196,360	$410,616	$4,155,570	$-214,256
2022	$299,147	$358,936	$4,368,154	$-59,789
2021	$4,672,514	$280,709	$4,394,576	$4,391,805

THE COLONIAL CENTER