THEATRE MEMPHIS (EIN 620418732) - 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

1922

Legal Domicile

Principal Officer

DEBBIE LITCH

Phone

9016828601

Tax Period

2023-07-01 to 2024-06-30

THEATRE MEMPHIS, founded in 1922, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.8M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $767K, a strong 27% operating margin.

Mission

TO PRODUCE PLAYS AND ENCOURAGE THE ARTS BY PERFORMANCE AND EDUCATIONAL PROGRAMS.

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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 $1,525,632

Program Service Revenue $1,114,445

Investment Income $124,830

Other Revenue $35,705

TOTAL REVENUE $2,800,612

Expense Breakdown

Grants Paid $0

Salaries & Benefits $946,661

Fundraising Expenses $15,843

Program Expenses $1,153,985

Other Expenses $1,086,477

TOTAL EXPENSES $2,033,138

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,800,612	$2,416,825	+0.2%
Expenses	$2,033,138	$1,892,169	+0.1%
Net Income	$767,474	$524,656	+0.5%

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

500

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

$110,659

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBBIE LITCH	EXECUTIVE PR	40.00	Officer	$110,353	$306	$110,659
TONEY ARMSTRONG	BOARD MEMBER	1.00	Director	$0	$0	$0
DR ANITA ARNOLD	BOARD MEMBER	1.00	Director	$0	$0	$0
SALLY BAKER	BOARD MEMBER	1.00	Director	$0	$0	$0
PAT BEECH	BOARD MEMBER	1.00	Director	$0	$0	$0
JARED BRADDY-HANEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM BRIGANCE	PRESIDENT	5.00	Officer Director	$0	$0	$0
GENE B COCHRAN	BUSINESS ADV	5.00	Director	$0	$0	$0
KATIE COLE	BOARD MEMBER	1.00	Director	$0	$0	$0
DABNEY COORS	PAST PRESIDE	5.00	Director	$0	$0	$0
ERIC EURICH	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
BRYAN W FORD	TREASURER	5.00	Officer Director	$0	$0	$0
KARUN GADIPARTHI	BOARD MEMBER	1.00	Director	$0	$0	$0
BETHA GILL	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER GROSVENOR	BOARD MEMBER	1.00	Director	$0	$0	$0
JANICE HALL	SECRETARY	5.00	Officer Director	$0	$0	$0
PAMELA HAUBER	BOARD MEMBER	1.00	Director	$0	$0	$0
DR SHAWN HAYDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
JARED JOHNSON	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
KAREN JOHNSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDE KNIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
JJ KRAUCH	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN LABOVITZ	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE LACKIE	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
MEGHAN LEWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JERRY MARSHALL	ADVISOR	5.00	Director	$0	$0	$0
LYNN MCDONALD	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH ANN MENKE-JUMET	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM MULLINS	BOARD MEMBER	1.00	Director	$0	$0	$0
SELDON MURRAY	ADVISOR	5.00	Director	$0	$0	$0
RICHARD MYERS	BOARD MEMBER	1.00	Director	$0	$0	$0
DR KEITH NORMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH NORTON	ADVISOR	5.00	Director	$0	$0	$0
ELIZABETH PERKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM RENFROW	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK RULEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
WALKER SIMS	BOARD MEMBER	1.00	Director	$0	$0	$0
JACLYN SUFFEL	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBORAH DUNKLIN TIPTON	BOARD MEMBER	1.00	Director	$0	$0	$0
DR NIAMBI WEBSTER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSH WHITEHEAD	BOARD MEMBER	1.00	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	No data	No data	No data	No data
2024	$2,800,612	$2,033,138	$14,694,323	$767,474
2023	$2,416,825	$1,892,169	$13,913,783	$524,656
2022	$2,960,872	$1,883,256	$13,282,392	$1,077,616
2021	$1,623,096	$1,107,396	$14,087,214	$515,700
2020	$7,197,360	$1,348,126	$13,649,740	$5,849,234
2019	$5,153,774	$1,520,143	$5,791,851	$3,633,631

THEATRE MEMPHIS