STATE THEATRE COMPANY (EIN 742243193) - 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

1982

Legal Domicile

Principal Officer

H JAMES RITTS

Phone

5124722901

Tax Period

2023-10-01 to 2024-09-30

STATE THEATRE COMPANY, founded in 1982, is a small nonprofit in the Arts, Culture & Humanities sector that reported $180K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. The organization ran a surplus of $101K, a strong 56% operating margin.

Mission

WE'RE HERE TO INSPIRE GENERATIONS. WE CONNECT PEOPLE AND STRENGTHEN COMMUNITY BY SHOWCASING UNFORGETTABLE PERFORMANCES ACROSS GENRES, PROVIDING LIFE-CHANGING ARTS EDUCATION PROGRAMS, AND DREAMING UP MAGICAL EXPERIENCES IN ICONIC VENUES THAT ANCHOR AND DEFINE DOWNTOWN AUSTIN.

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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 $0

Program Service Revenue $0

Investment Income $241

Other Revenue $179,612

TOTAL REVENUE $179,853

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $79,314

Other Expenses $79,314

TOTAL EXPENSES $79,314

Year-over-Year Comparison

	2023	2022	Change
Revenue	$179,853	$224,341	-0.2%
Expenses	$79,314	$77,602	+0.0%
Net Income	$100,539	$146,739	-0.3%

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

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

$595,091

Total Directors

$390,295

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRACE RENBARGER	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID SMITH	TREASURER	1.00	Officer Director	$0	$0	$0
H JAMES RITTS III	SECRETARY/CEO	5.00	Officer Director	$0	$9,664	$390,295
HAL KATZ	MEMBER	1.00	Director	$0	$0	$0
SANDRA HILL	CHIEF FINANCIAL OFFICER	5.00	Officer	$0	$9,677	$204,796

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	$179,853	$79,314	$2,947,213	$100,539
2023	$224,341	$77,602	$2,846,585	$146,739
2022	$116,734	$76,260	$2,697,294	$40,474
2021	$37,741	$70,507	$2,655,727	$-32,766
2020	$35,037	$70,373	$2,688,493	$-35,336
2019	$95,658	$72,167	$2,723,829	$23,491
2018	$75,026	$68,841	$2,700,338	$6,185

STATE THEATRE COMPANY