Lake Charles Little Theatre (EIN 720820128) - 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

1927

Legal Domicile

Principal Officer

Leslie Harless

Phone

3374367589

Tax Period

2023-08-01 to 2024-07-31

Lake Charles Little Theatre, founded in 1927, is a small nonprofit that reported $117K in total revenue in fiscal year 2023. Revenue fell 78% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $23K, a strong 19% operating margin.

Mission

To provide an opportunity for individuals to experience theatre.

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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 $11,655

Program Service Revenue $68,442

Investment Income $36,509

Other Revenue $750

TOTAL REVENUE $117,356

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $58,937

Other Expenses $94,811

TOTAL EXPENSES $94,811

Year-over-Year Comparison

	2023	2022	Change
Revenue	$117,356	$532,255	-0.8%
Expenses	$94,811	$35,399	+1.7%
Net Income	$22,545	$496,856	-1.0%

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

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
Mary Guidry Ringo	Vice-President	2.00	Officer Director	$0	$0	$0
Leslie Harless	Treasurer	2.00	Officer Director	$0	$0	$0
Theresa Hay Needham	Board Member	1.00	Director	$0	$0	$0
Susan Chenet	Board Member	1.00	Director	$0	$0	$0
Adley Cormier	Board Member	1.00	Director	$0	$0	$0
Barbara Price Downer	Board Member	1.00	Director	$0	$0	$0
Heather Fazzio Partin	Board Member	1.00	Director	$0	$0	$0
Tim Crocker	Board Member	1.00	Director	$0	$0	$0
Brett Downer	President	2.00	Officer Director	$0	$0	$0
Rebecca Harris	Secretary	2.00	Officer Director	$0	$0	$0
James Johnson	Board Member	1.00	Director	$0	$0	$0
Heather Phillips	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	$117,356	$94,811	$599,398	$22,545
2023	$532,255	$35,399	$576,852	$496,856
2022	$45,339	$28,079	$577,840	$17,260

Lake Charles Little Theatre