HITS Theatre (EIN 742118224) - 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

1980

Legal Domicile

Principal Officer

Jon Montgomery

Phone

7138617408

Tax Period

2023-10-01 to 2024-09-30

HITS Theatre, founded in 1980, is a small nonprofit in the Arts, Culture & Humanities sector that reported $847K in total revenue in fiscal year 2023.

Mission

HITS Theatre provides musical theater training for children ages 5 to 18, focusing on production.

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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 $303,366

Program Service Revenue $512,364

Investment Income $1,000

Other Revenue $30,480

TOTAL REVENUE $847,210

Expense Breakdown

Grants Paid $45,529

Salaries & Benefits $467,249

Fundraising Expenses $30,074

Program Expenses $660,751

Other Expenses $356,523

TOTAL EXPENSES $869,301

Year-over-Year Comparison

	2023	2022	Change
Revenue	$847,210	$885,677	0.0%
Expenses	$869,301	$774,806	+0.1%
Net Income	$-22,091	$110,871	-1.2%

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

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

$91,869

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Katie Rushing	President	10.00	Officer Director	$0	$0	$0
Rachel Applegate	Past President	2.00	Officer Director	$0	$0	$0
Jennifer Coker	Treasurer	10.00	Officer Director	$0	$0	$0
Quincy Starnes	Secretary	2.00	Officer Director	$0	$0	$0
Shelley Daly	Director	1.00	Director	$0	$0	$0
Alejandra Garrido	Director	2.00	Director	$0	$0	$0
Andrea Osborne-Smith	Director	1.00	Director	$0	$0	$0
Mel Sutton	Director	2.00	Director	$0	$0	$0
Adam Wagner	Executive Director	40.00	Officer	$86,119	$5,750	$91,869

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	$847,210	$869,301	$419,036	$-22,091
2023	$885,677	$774,806	$457,889	$110,871
2022	$613,363	$635,224	$312,052	$-21,861
2021	$628,928	$613,862	$343,160	$15,066
2020	$614,538	$746,996	$356,983	$-132,458
2019	$952,943	$964,477	$464,770	$-11,534
2018	$983,636	$971,310	$506,819	$12,326

HITS Theatre