Main Street Theater Houston

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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

2024-09-01 to 2025-08-31

Main Street Theater Houston, founded in 1979, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.0M in total revenue in fiscal year 2024.

Mission

To create theater that challenges its audience to think and its artists to grow. We accomplish this by presenting an articulate and compelling product in an intimate setting, creating employment for Houston-based artists, and memorable theatrical experiences.

Program Service Accomplishments

Program 1

Expenses: $578,505 Revenue: $414,689

Main Street Theater (MST) provides audiences stimulating theatrical experiences and artists with challenging and rewarding work. Through our two theaters, MainStage and Theater for Youth, MST serves more than 130,000 patrons ages three years and up. MST contributes to the growth and vibrancy of Houston's theater industry, employing over 250 theater artists each year. MST's 99-seat MainStage presents a wide-ranging repertory of emotionally engaging stories from writers exploring and articulating the human experience.

Program 2

Expenses: $1,749,132 Revenue: $947,035

MST's Theater for Youth presents weekend matinees for family audiences and weekday performances for school groups (10-16 performances per week) at the 323-seat Midtown Arts and Theater Center...

MST's Theater for Youth presents weekend matinees for family audiences and weekday performances for school groups (10-16 performances per week) at the 323-seat Midtown Arts and Theater Center Houston. The Theater for Youth repertory selects works from popular best-selling books and beloved children's classics in consultation with parents, educators, and students.

Program 3

Expenses: $316,860 Revenue: $429,526

MST's education initiatives and in-school residencies supplement classroom curricula and inspire students to express themselves and explore their imaginations. These initiatives utilize the arts to promote literacy and advance understanding of science, math, engineering, and technology in the classroom. MST's educational initiatives foster critical developmental skills, including creativity, observation, self-confidence, communication, leadership, empathy, listening, and teamwork. These sector-leading initiatives merge artists' elements with core curricula to provide engaging content for students and valuable tools for teachers.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,195,394

Program Service Revenue $1,791,250

Investment Income $220

Other Revenue $0

TOTAL REVENUE $2,986,864

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,789,441

Fundraising Expenses $30,879

Program Expenses $2,644,497

Other Expenses $1,174,074

TOTAL EXPENSES $2,963,515

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,986,864	$2,930,673	+0.0%
Expenses	$2,963,515	$3,521,436	-0.2%
Net Income	$23,349	$-590,763	-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

195

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

$48,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Janet Hansen	President	3.00	Officer Director	$0	$0	$0
Kathy Cire	Secretary	3.00	Officer Director	$0	$0	$0
David Jacqua	Treasurer	3.00	Officer Director	$0	$0	$0
Robert Card	Board Member	3.00	Director	$0	$0	$0
Tyler Toombs Imel	Board Member	3.00	Director	$0	$0	$0
Tracie Jae	Board Member	3.00	Director	$0	$0	$0
Jordan Jewett	Board Member	3.00	Director	$0	$0	$0
Nina Rand	Board Member	3.00	Director	$0	$0	$0
Joyce Testa Salhoot	Board Member	3.00	Director	$0	$0	$0
Jim Salners	Board Member	3.00	Director	$0	$0	$0
Lacey Tezino	Board Member	3.00	Director	$0	$0	$0
Rebecca Udden	Founding Artisis Director	45.00	Officer	$48,750	$0	$48,750

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	$2,986,864	$2,963,515	$2,695,331	$23,349
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