CHATTANOOGA THEATRE CENTRE INC

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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

1923

Legal Domicile

Principal Officer

KIM JACKSON

Phone

4232678534

Tax Period

2024-09-01 to 2025-08-31

CHATTANOOGA THEATRE CENTRE INC, founded in 1923, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Expenses of $1.8M exceeded revenue, resulting in a 17% operating deficit.

Mission

FOUNDED IN 1923, THE CHATTANOOGA THEATRE CENTRE IS A NONPROFIT COMMUNITY THEATRE CELEBRATING ITS 102ND SEASON OF BRINGING QUALITY THEATRE PRODUCTIONS, CLASSES, AND WORKSHOPS TO THE CITIZENS OF CHATTANOOGA AND SURROUNDING AREAS. THE MISSION OF THE CHATTANOOGA THEATRE CENTRE IS TO ENRICH THE CULTURAL, INTELLECTUAL, AND EMOTIONAL DEVELOPMENT OF PEOPLE OF ALL AGES BY PROVIDING HIGH QUALITY THEATRICAL EXPERIENCES AND CREATING OPPORTUNITIES TO ENGAGE IN THEM.

Program Service Accomplishments

Program 1

Expenses: $1,637,326 Revenue: $1,138,274

ONE OF THE LARGEST ARTS ORGANIZATIONS IN CHATTANOOGA, ONE OF THE LONGEST RUNNING THEATRES IN THE SOUTHEAST, AND ONE OF THE LARGEST COMMUNITY THEATRES IN THE COUNTRY, THE CHATTANOOGA THEATRE CENTRE...

ONE OF THE LARGEST ARTS ORGANIZATIONS IN CHATTANOOGA, ONE OF THE LONGEST RUNNING THEATRES IN THE SOUTHEAST, AND ONE OF THE LARGEST COMMUNITY THEATRES IN THE COUNTRY, THE CHATTANOOGA THEATRE CENTRE WAS FOUNDED IN 1923 ON THE BELIEF THAT THE ARTS ARE A SHARED EXPERIENCE THAT DELIGHTS, INSPIRES, MOVES, AND EDUCATES.THROUGH THEATRICAL PRODUCTIONS PRESENTED BY AND FOR CHATTANOOGANS OF ALL AGES, ALONG WITH ROBUST DRAMA CLASSES AND PROGRAMS, THE CHATTANOOGA THEATRE CENTRE STRIVES TO PLAY A SIGNIFICANT ROLE IN MAKING CHATTANOOGA A GREAT PLACE TO LIVE, WORK, AND PLAY.

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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 $389,913

Program Service Revenue $1,137,001

Investment Income $50,198

Other Revenue $1,273

TOTAL REVENUE $1,578,385

Expense Breakdown

Grants Paid $0

Salaries & Benefits $840,769

Fundraising Expenses $0

Program Expenses $1,637,326

Other Expenses $1,005,311

TOTAL EXPENSES $1,846,080

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,578,385	$1,539,784	+0.0%
Expenses	$1,846,080	$1,873,836	0.0%
Net Income	$-267,695	$-334,052	-0.2%

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

N/A

Volunteers

1550

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

$84,509

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAFREDERICK THIRKILL	PAST PRESIDENT	5.00	Officer Director	$0	$0	$0
DARLENE BABBS COLE	PRESIDENT	5.00	Officer Director	$0	$0	$0
JUAN MORENO	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
DAVID BINDER	TREASURER	5.00	Officer Director	$0	$0	$0
LISI PHILLIPS	SECRETARY	5.00	Officer Director	$0	$0	$0
KRISSA BARKLEY	DIRECTOR	1.00	Director	$0	$0	$0
ROB BLOCK	DIRECTOR	1.00	Director	$0	$0	$0
SHADRINA BOOKER	DIRECTOR	1.00	Director	$0	$0	$0
ROGER CASS	DIRECTOR	1.00	Director	$0	$0	$0
ANGIE GRIFFIN	DIRECTOR	1.00	Director	$0	$0	$0
JOSH GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
CAROL GOLDFARB	DIRECTOR	1.00	Director	$0	$0	$0
JEANNINE ALDAY-GROGG	DIRECTOR	1.00	Director	$0	$0	$0
MAGGE HUDGINS	DIRECTOR	1.00	Director	$0	$0	$0
KIM JACKSON	DIRECTOR/EX. DIR. START 12/31/25	1.00	Director	$0	$0	$0
GINNY KELLY	DIRECTOR	1.00	Director	$0	$0	$0
BETH MCCLEARY-WOLFORD	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT PARKS	DIRECTOR	1.00	Director	$0	$0	$0
RODNEY STRONG	DIRECTOR	1.00	Director	$0	$0	$0
SHELIA WOFFORD	DIRECTOR	1.00	Director	$0	$0	$0
CAROLINE WALKER	DIRECTOR	1.00	Director	$0	$0	$0
RODNEY VAN VALKENBURG	EXECUTIVE DIRECTOR	40.00	Officer	$84,509	$0	$84,509

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	$1,578,385	$1,846,080	$2,936,029	$-267,695
2024	$1,539,784	$1,873,836	$3,207,088	$-334,052
2023	$1,435,134	$1,693,909	$3,368,334	$-258,775
2022	$1,456,466	$1,264,963	$3,575,751	$191,503
2021	$1,025,529	$837,988	$3,960,894	$187,541
2020	$944,432	$1,159,029	$3,415,758	$-214,597