ACSENSION COMMUNITY THEATRE INC (EIN 721476275) - 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

1985

Legal Domicile

Principal Officer

DUSTIN M DELAUNE

Phone

2256471230

Tax Period

2023-01-01 to 2023-12-31

ACSENSION COMMUNITY THEATRE INC, founded in 1985, is a small nonprofit in the Arts, Culture & Humanities sector that reported $211K in total revenue in fiscal year 2023. Expenses of $269K exceeded revenue, resulting in a 28% operating deficit.

Mission

The mission of ACT is to enrich the cultural environment and quality of life in Ascension Parish and the surrounding area by presenting theatrical stage productions that: 1) educate, challenge and entertain audiences; 2) provide opportunities for citizens to share and develop performance, stage craft and theatrical support skills in a mutually supportive and positive environment; and 3) engender interest and develop appreciation for theatre arts and crafts by a diverse population through participation as audience members, performers, technicians, craftsmen, and volunteers.

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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 $55,195

Program Service Revenue $154,915

Investment Income $422

Other Revenue $120

TOTAL REVENUE $210,652

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $74,445

Other Expenses $269,154

TOTAL EXPENSES $269,154

Year-over-Year Comparison

	2023	2022	Change
Revenue	$210,652	N/A	N/A
Expenses	$269,154	N/A	N/A
Net Income	$-58,502	N/A	N/A

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

N/A

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
DUSTIN M DELAUNE	President	20.00	Director	$0	$0	$0
PENNY DIEZ	Treasurer	10.00	Director	$0	$0	$0
SHARONDA MORRIS	Vice President	1.00	Director	$0	$0	$0
RICHARD PITTMAN	Secretary	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	$210,652	$269,154	$437,701	$-58,502

ACSENSION COMMUNITY THEATRE INC