Main Street Theater Houston (EIN 742093696) - 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

1979

Legal Domicile

Principal Officer

Rebecca Udden

Phone

7135243622

Tax Period

2023-09-01 to 2024-08-31

Main Street Theater Houston, founded in 1979, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.9M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $3.5M exceeded revenue, resulting in a 20% operating deficit.

Mission

To present live theatrical productions and offer arts education in schools & our theaters.

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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 $1,055,615

Program Service Revenue $1,870,217

Investment Income $4,841

Other Revenue $0

TOTAL REVENUE $2,930,673

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,082,268

Fundraising Expenses $57,529

Program Expenses $3,168,418

Other Expenses $1,439,168

TOTAL EXPENSES $3,521,436

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,930,673	$3,492,855	-0.2%
Expenses	$3,521,436	$3,329,474	+0.1%
Net Income	$-590,763	$163,381	-4.6%

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

224

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

$78,333

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Janet Hansen	President	5.00	Officer Director	$0	$0	$0
Kathy Cire	Secretary	2.00	Officer Director	$0	$0	$0
Kassie Harris	Treasurer to 6/24	2.00	Officer Director	$0	$0	$0
David Jacqua	Treasurer from 6/24	2.00	Director	$0	$0	$0
Robert Card	Board Member	2.00	Director	$0	$0	$0
Tyler Toombs Imel	Board Member	2.00	Director	$0	$0	$0
Mary Itz	Board Member	2.00	Director	$0	$0	$0
Tracie Jae	Board Member	2.00	Director	$0	$0	$0
Jordan Jewett	Board Member	2.00	Director	$0	$0	$0
Maya Pomroy	Board Member	2.00	Director	$0	$0	$0
Joyce Testa Salhoot	Board Member	2.00	Director	$0	$0	$0
Jim Salner	Board Member	2.00	Director	$0	$0	$0
Shawn Simme	Board Member	2.00	Director	$0	$0	$0
Rebecca Udden	Founeding Artisis Director	40.00	Officer	$78,333	$0	$78,333

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	$2,930,673	$3,521,436	$2,942,093	$-590,763
2023	$3,492,855	$3,329,474	$3,398,532	$163,381
2022	$2,765,553	$2,854,978	$3,176,471	$-89,425
2021	$1,202,990	$1,383,229	$3,802,617	$-180,239
2020	$1,640,766	$1,910,263	$3,388,987	$-269,497
2019	$2,805,221	$2,618,582	$3,578,314	$186,639
2018	$2,514,776	$2,854,484	$3,268,197	$-339,708

Main Street Theater Houston