STATE THEATRE 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

2001

Legal Domicile

Principal Officer

MARY WUJEK

Phone

8142720606

Tax Period

2023-11-01 to 2024-10-31

STATE THEATRE INC, founded in 2001, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

THE STATE THEATRE IS A NON-PROFIT, PERFORMING ARTS CENTER WHOSE MISSION IS TO ENTERTAIN, ENRICH, EDUCATE, AND INSPIRE.

Program Service Accomplishments

Program 1

Expenses: $1,323,666 Revenue: $1,053,312

THE STATE THEATRE OPENED IN DECEMBER 2006 AS A COMMUNITY OWNED AND OPERATED PERFORMING ARTS CENTER. WE ARE LOCATED IN DOWNTOWN STATE COLLEGE, ACROSS THE STREET FROM PENN STATE UNIVERSITY. WE ENRICH THE COMMUNITY'S CULTURAL OPPORTUNITIES WITH DIVERSE LOCAL AND REGIONAL PERFORMANCES, NATIONAL TOURING ACTS, SIMULCASTS OF METROPOLITAN OPERA PERFORMANCES, AND INDEPENDENT, CLASSIC, AND FOREIGN FILMS. IN FY 24, OVER 29,000 PATRONS EXPERIENCED 53 NATIONAL TOURING ACTS, 49 PRESENTATIONS OF LOCAL PERFORMING ARTS GROUPS, 141 DIVERSE MOVIE SHOWINGS, AND 10 METROPOLITAN OPERA PERFORMANCES. THE THEATRE WAS UTILIZED AN ADDITIONAL 92 TIMES BY VARIOUS COMMUNITY ORGANIZATIONS, SUCH AS CHILDREN'S DANCE ENSEMBLES, AS WELL AS UNIVERSITY HOSTED SYMPOSIUMS AND UNDERGRADUATE CLASSES IN THEATRE AND DRAMA.

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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 $311,805

Program Service Revenue $1,053,312

Investment Income $51,128

Other Revenue $149,854

TOTAL REVENUE $1,566,099

Expense Breakdown

Grants Paid $0

Salaries & Benefits $600,034

Fundraising Expenses $11,900

Program Expenses $1,323,666

Other Expenses $1,097,992

TOTAL EXPENSES $1,698,026

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,566,099	$1,366,058	+0.1%
Expenses	$1,698,026	$1,568,145	+0.1%
Net Income	$-131,927	$-202,087	-0.3%

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

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

$63,148

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY WUJEK	PRESIDENT	5.00	Officer Director	$0	$0	$0
KURT BERNIER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
KIRK LARTER	TREASURER	5.00	Officer Director	$0	$0	$0
JIM FRENCH	SECRETARY	5.00	Officer Director	$0	$0	$0
JAY BARTLETT	DIRECTOR	5.00	Director	$0	$0	$0
AJ BRADLEY	DIRECTOR	5.00	Director	$0	$0	$0
PATRICK DOBY	DIRECTOR	5.00	Director	$0	$0	$0
RUSSELL BLOOM	DIRECTOR	5.00	Director	$0	$0	$0
KIRK FRENCH	DIRECTOR	5.00	Director	$0	$0	$0
JEFF HYDE	DIRECTOR	5.00	Director	$0	$0	$0
MIKE KRIDER	DIRECTOR	5.00	Director	$0	$0	$0
GREG VAN HORN	DIRECTOR	5.00	Director	$0	$0	$0
JOHN RATTIE	EXECUTIVE DIRECTOR	40.00	Officer	$63,148	$0	$63,148

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	$1,566,099	$1,698,026	$5,579,189	$-131,927
2023	$1,366,058	$1,568,145	$5,691,196	$-202,087
2022	$1,392,116	$1,347,188	$5,639,231	$44,928
2021	$907,035	$736,994	$5,870,793	$170,041
2020	$800,655	$964,607	$5,415,864	$-163,952
2019	$1,440,556	$1,661,587	$5,303,293	$-221,031
2018	$1,345,518	$1,586,269	$5,357,473	$-240,751