FORT SMITH LITTLE 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

1954

Legal Domicile

Principal Officer

NANCY BLOCHBERGER

Phone

4797832966

Tax Period

2023-01-01 to 2023-12-31

FORT SMITH LITTLE THEATRE INC, founded in 1954, is a small nonprofit in the Arts, Culture & Humanities sector that reported $275K in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $85K, a strong 31% operating margin.

Mission

FORT SMITH LITTLE THEATRE IS DEDICATED TO PROVIDING, FOR AS MANY AREA RESIDENTS AS POSSIBLE, THE OPPORTUNITY TO PARTICIPATE IN THE CREATIVE PROCESS OF QUALITY, LIVE THEATRE, THEREBY INTRODUCING ADULTS TO THE EDUCATIONAL, ARTISTIC AND CULTURAL BENEFITS OF THIS ENRICHING FORM OF EXPRESSION.

Program Service Accomplishments

Program 1

Expenses: $171,788 Revenue: $167,875

TO PRODUCE AND PROMOTE LIVE THEATRE AND PROVIDE PERFORMING OPPORTUNITIES TO TALENTED AREA ACTORS AND ACTRESSES.

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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 $37,314

Program Service Revenue $168,306

Investment Income $4,191

Other Revenue $65,446

TOTAL REVENUE $275,257

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $171,788

Other Expenses $190,627

TOTAL EXPENSES $190,627

Year-over-Year Comparison

	2023	2022	Change
Revenue	$275,257	$196,219	+0.4%
Expenses	$190,627	$173,542	+0.1%
Net Income	$84,630	$22,677	+2.7%

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

110

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
JOANNE PETERSON	PRESIDENT	5.00	Officer Director	$0	$0	$0
MELISSA VITALE	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
LORA RICE	TREASURER	5.00	Officer Director	$0	$0	$0
TINA DALE	SECRETARY	5.00	Officer Director	$0	$0	$0
CHARLES BELT	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT BLACK	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY CAMERON	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHLEIGH MATHEWS	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIE MATHEWS	BOARD MEMBER	1.00	Director	$0	$0	$0
BRAD NANCE	BOARD MEMBER	1.00	Director	$0	$0	$0
MEREDITH RICE	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
SHANNON STODDARD	BOARD MEMBER	1.00	Director	$0	$0	$0
MICKI VOELKEL	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC WELLS	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
2024	No data	No data	No data	No data
2023	$275,257	$190,627	$2,020,933	$84,630
2022	$196,219	$173,542	$1,823,323	$22,677
2021	$149,444	$110,087	$1,924,135	$39,357
2020	$61,716	$96,814	$1,821,577	$-35,098
2019	$194,364	$158,566	$1,791,257	$35,798
2018	$188,781	$177,957	$1,652,900	$10,824