THE GEORGETOWN PALACE THEATRE INC

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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

1989

Legal Domicile

Phone

5128697469

Tax Period

2024-01-01 to 2024-12-31

THE GEORGETOWN PALACE THEATRE INC, founded in 1989, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.3M in total revenue in fiscal year 2024. Expenses of $2.8M exceeded revenue, resulting in a 20% operating deficit.

Mission

THE GEORGETOWN PALACE THEATRE CELEBRATES THE POWER OF STORYTELLING AND OUR SHARED HUMAN EXPERIENCE WITH A COMMITMENT TO ARTISTIC EXCELLENCE, QUALITY EDUCATION, AND COMMUNITY ENGAGEMENT.

Program Service Accomplishments

Program 1

Expenses: $1,606,542

WE PRODUCED MUSICALS AND PLAYS WITH PERFORMERS AND ARTISTS FROM OUR SURROUNDING COMMUNITY

Program 2

Expenses: $1,004,940

WE PROVIDED EDUCATIONAL THEATRICAL OPPORTUNITIES FOR THE YOUTH OF WILLIAMSON COUNTY

Program 3

Expenses: $7,596

WE PARTNERED WITH OTHER COMMUNITY NON-PROFITS TO HELP GET THEIR MESSAGE TO A LARGER AUDIENCE

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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 $303,345

Program Service Revenue $1,865,289

Investment Income $25,287

Other Revenue $107,456

TOTAL REVENUE $2,301,377

Expense Breakdown

Grants Paid $0

Salaries & Benefits $907,038

Fundraising Expenses $0

Program Expenses $2,619,078

Other Expenses $1,859,472

TOTAL EXPENSES $2,766,510

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,301,377	$2,358,975	0.0%
Expenses	$2,766,510	$2,473,036	+0.1%
Net Income	$-465,133	$-114,061	+3.1%

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

120

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

Total Directors

Key Employees

$76,888

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON WATSON	EXECUTIVE ARTISTIC DIRECTOR	40.00	Key Emp	$76,888	$0	$76,888
MICHAEL DAVIS	BOARD PRESIDENT	4.00	Officer	$0	$0	$0
WILLIAM WATSON	VICE PRESIDENT	2.00	Officer	$0	$0	$0
KAREN TURPIN	TREASURER	10.00	Officer	$0	$0	$0
BETH BAKER	SECRETARY	3.00	Officer	$0	$0	$0
ART RODRIGUEZ	PAST PRESIDENT	1.00	Officer	$0	$0	$0
ED HARMES	BOARD MEMBER	2.00	Officer	$0	$0	$0
JOHN ARGERSINGER	BOARD MEMBER	1.00	Officer	$0	$0	$0
DESIDERIO ROYBAL	BOARD MEMBER	1.00	Officer	$0	$0	$0
JOE AUSTIN	BOARD MEMBER	1.00	Officer	$0	$0	$0
JESSICA OBRIEN	BOARD MEMBER	1.00	Officer	$0	$0	$0
TESSA MAXWELL	BOARD MEMBER	2.00	Officer	$0	$0	$0

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	$2,351,704	$2,791,409	$7,127,116	$-439,705
2024	$2,301,377	$2,766,510	$7,143,474	$-465,133
2024	$2,351,704	$2,791,409	$7,127,116	$-439,705
2023	$2,360,669	$2,235,412	$8,335,081	$125,257
2023	$2,358,975	$2,473,036	$7,642,822	$-114,061
2022	$2,118,479	$2,045,171	$7,788,887	$73,308
2022	$1,891,266	$1,867,072	$8,286,665	$24,194
2021	$5,634,871	$1,534,801	$7,443,591	$4,100,070
2020	$1,374,985	$1,277,864	$7,076,061	$97,121
2019	$2,242,332	$1,781,665	$5,862,889	$460,667
2018	$2,704,103	$1,759,531	$3,524,185	$944,572