STATE THEATRE COMPANY

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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.

Program Service Accomplishments

Program 1

Expenses: $79,314 Revenue: $179,612

THE STATESIDE THEATRE, CONSTRUCTED IN 1935 AS AUSTIN'S FIRST VENUE BUILT SPECIFICALLY TO SHOW MOTION PICTURES, IS AN UNDERSTATED BUT ESSENTIAL PIECE OF AUSTIN HISTORY AND THE AUSTIN THEATRE...

THE STATESIDE THEATRE, CONSTRUCTED IN 1935 AS AUSTIN'S FIRST VENUE BUILT SPECIFICALLY TO SHOW MOTION PICTURES, IS AN UNDERSTATED BUT ESSENTIAL PIECE OF AUSTIN HISTORY AND THE AUSTIN THEATRE ALLIANCE'S CURRENT ROLE IN THE LOCAL ARTS COMMUNITY. IT WAS LAST RENOVATED IN THE 1980S AND HAS A MAXIMUM OCCUPANCY OF 310. THE STATESIDE THEATRE PROVIDES AN INTIMATE, ACCESSIBLE SPACE FOR LOCAL ARTS ORGANIZATIONS TO RENT, UP-AND-COMING MUSICIANS TO LAUNCH INTO LARGER MARKETS, AND FOR THE ORGANIZATION TO HOST COMMUNITY EVENTS AND TRY NEW, INNOVATIVE IDEAS. LIKE THE PARAMOUNT, THE STATESIDE THEATRE ALSO SUPPORTS THE MANY PROGRAMS OF THE AUSTIN THEATRE ALLIANCE INCLUDING THE PARAMOUNT EDUCATION PROGRAMS, THE MOONTOWER JUST FOR LAUGHS COMEDY FESTIVAL, THE SUMMER CLASSIC FILM SERIES, AND COMMUNITY ACCESS PROGRAMS; HOSTS WORLD PREMIERES OF SXSW, AUSTIN FILM FESTIVAL, AND BEYOND; AND WORKS WITH EXPERTS TO ENSURE THE CAREFUL PRESERVATION OF AUSTIN HISTORY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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