Theatre Under the Stars 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

1968

Legal Domicile

Principal Officer

Hillary J Hart

Phone

7135582600

Tax Period

2023-09-01 to 2024-08-31

Theatre Under the Stars Inc, founded in 1968, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $16.9M in total revenue in fiscal year 2023. Expenses of $18.9M exceeded revenue, resulting in a 12% operating deficit.

Mission

TUTS is dedicated to enriching life through the experience of quality musical theatre, the development of future artists, and the creation of new works. Through innovative education and community outreach initiatives, TUTS positively impacts lives beyond the stage.

Program Service Accomplishments

Program 1

Expenses: $13,175,133 Revenue: $10,331,347

Musical Theatre Productions: TUTS was created to serve the Greater Houston community through producing timeless classics and creating and developing new and innovative musical theatre.

Program 2

Expenses: $1,313,297 Revenue: $861,977

Education and community outreach initiatives: Humphreys School of Musical Theatre is committed to providing the Houston area with the best theatrical training and performing arts education. It is the goal of HSMT to give all students who walk through its doors a greater understanding of musical theatre and of themselves equipping young people with the tools they need to be successful in whatever they choose to do in life. Founded in 1996, The River provides affordable, accessible arts education to individuals with disabilities and their siblings. After merging with TUTS in 2010, The River's classes and opportunities expanded to include programming for young adults. This inclusive performance troupe has performed at many notable events across the city.

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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 $5,479,754

Program Service Revenue $11,193,324

Investment Income $425,391

Other Revenue $-238,625

TOTAL REVENUE $16,859,844

Expense Breakdown

Grants Paid $61,307

Salaries & Benefits $3,690,952

Fundraising Expenses $1,221,690

Program Expenses $14,488,430

Other Expenses $14,929,596

TOTAL EXPENSES $18,930,819

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,859,844	$16,278,498	+0.0%
Expenses	$18,930,819	$18,859,678	+0.0%
Net Income	$-2,070,975	$-2,581,180	-0.2%

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

487

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

$741,821

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Franklin DR Jones Jr	Chair	2.00	Officer Director	$0	$0	$0
Stephen Trauber	President	2.00	Officer Director	$0	$0	$0
John Tobola	Vice-Chair/Chair-Elect	2.00	Officer Director	$0	$0	$0
Patrice McKinney	Vice-President	2.00	Officer Director	$0	$0	$0
Meredith Philipp-Tcholakian	Secretary	2.00	Officer Director	$0	$0	$0
Alan Ratliff	Treasurer	2.00	Officer Director	$0	$0	$0
Phillip Anderson	Director	2.00	Director	$0	$0	$0
Meg Basu	Director	2.00	Director	$0	$0	$0
Robert J Binstock	Director	2.00	Director	$0	$0	$0
Thom Brandt	Director	2.00	Director	$0	$0	$0
Nancy Choate Brownlee	Director	2.00	Director	$0	$0	$0
Jenee Jongbloed Bobbora	Director	2.00	Director	$0	$0	$0
Steve Burkett	Director	2.00	Director	$0	$0	$0
Paul Cannings Jr	Director	2.00	Director	$0	$0	$0
Zane Carson Carruth	Director	2.00	Director	$0	$0	$0
Sigmund L Cornelius	Director	2.00	Director	$0	$0	$0
Elaine Balagia Croucher	Director	2.00	Director	$0	$0	$0
Connie Dalton	Director	2.00	Director	$0	$0	$0
June Deadrick	Director	2.00	Director	$0	$0	$0
Marcela E Donadio	Director	2.00	Director	$0	$0	$0
Mark Gibbenus	Director	2.00	Director	$0	$0	$0
James Hickey	Director	2.00	Director	$0	$0	$0
Heather Sirdashney Hrap	Director	2.00	Director	$0	$0	$0
Stephanie Holcombe	Director	2.00	Director	$0	$0	$0
LuAnn Katz	Director	2.00	Director	$0	$0	$0
Philip Kochman	Director	2.00	Director	$0	$0	$0
Jay Landa	Director	2.00	Director	$0	$0	$0
Doug Lionberger	Director	2.00	Director	$0	$0	$0
Herb Listen	Director	2.00	Director	$0	$0	$0
Penny Requa Loyd	Director	2.00	Director	$0	$0	$0
James Marshall	Director	2.00	Director	$0	$0	$0
Paige May	Director	2.00	Director	$0	$0	$0
Tim McGarity	Director	2.00	Director	$0	$0	$0
Scott McReaken	Director	2.00	Director	$0	$0	$0
Philip A Morabito	Director	2.00	Director	$0	$0	$0
Stephen Morel	Director	2.00	Director	$0	$0	$0
Shelly Mulanax	Director	2.00	Director	$0	$0	$0
Anne Neeson	Director	2.00	Director	$0	$0	$0
Roxann Neumann	Director	2.00	Director	$0	$0	$0
Bret Oliver	Director	2.00	Director	$0	$0	$0
David Peck	Director	2.00	Director	$0	$0	$0
Robert Perkins	Director	2.00	Director	$0	$0	$0
Elaine Pickle	Director	2.00	Director	$0	$0	$0
Amy Pierce	Director	2.00	Director	$0	$0	$0
Julie Pradel	Director	2.00	Director	$0	$0	$0
Rani Puranik	Director	2.00	Director	$0	$0	$0
Rachel Regan	Director	2.00	Director	$0	$0	$0
Rob Scheinerman	Director	2.00	Director	$0	$0	$0
James A Shaffer	Director	2.00	Director	$0	$0	$0
Adrian D Shelley	Director	2.00	Director	$0	$0	$0
Jeff Smith	Director	2.00	Director	$0	$0	$0
Quentin Smith	Director	2.00	Director	$0	$0	$0
Kristina H Somerville	Director	2.00	Director	$0	$0	$0
David F Taylor	Director	2.00	Director	$0	$0	$0
Trent D Tellepsen	Director	2.00	Director	$0	$0	$0
Tom Tomlinson	Director	2.00	Director	$0	$0	$0
James Tribble	Director	2.00	Director	$0	$0	$0
Donna Vallone	Director	2.00	Director	$0	$0	$0
Bruce Vincent	Director	2.00	Director	$0	$0	$0
Larry Whaley	Director	2.00	Director	$0	$0	$0
Margaret Alkek Williams	Director	2.00	Director	$0	$0	$0
Hillary J Hart	Executive Director	40.00	Officer	$290,641	$28,548	$319,189
Dan Knechtges	Artistic Director	40.00	Officer	$301,338	$19,913	$321,251
Rita Anderson	Finance Controller	40.00	Officer	$88,718	$12,663	$101,381
Michael Gepner	Director of Marketing	40.00	Highest	$128,236	$17,787	$146,023
Melissa Jurik	Director of Development to 1/24	40.00	Highest	$118,812	$16,786	$135,598

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	$16,859,844	$18,930,819	$11,192,506	$-2,070,975
2023	$16,278,498	$18,859,678	$14,140,613	$-2,581,180
2022	$20,296,758	$15,539,896	$16,249,287	$4,756,862
2021	$4,859,811	$5,494,438	$18,210,122	$-634,627
2020	$10,613,101	$11,999,402	$12,542,788	$-1,386,301
2019	$18,885,353	$18,010,277	$18,291,072	$875,076
2018	$13,760,198	$13,997,942	$18,756,337	$-237,744