WATERTOWER THEATRE INC (EIN 751559945) - Form 990 Financial Analysis & Trantor Score

🔒

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

1977

Legal Domicile

Principal Officer

SHANE PETERMAN

Phone

9724506230

Tax Period

2023-10-01 to 2024-09-30

WATERTOWER THEATRE INC, founded in 1977, is a small nonprofit in the Arts, Culture & Humanities sector that reported $880K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 25% operating deficit.

Mission

TO CREATE INNOVATIVE, DIVERSE THEATRE THAT BUILDS COMMUNITY BY FOSTERING EMPATHY AND DIALOGUE.

🔒

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 $567,155

Program Service Revenue $318,729

Investment Income $-5,491

Other Revenue $0

TOTAL REVENUE $880,393

Expense Breakdown

Grants Paid $0

Salaries & Benefits $623,851

Fundraising Expenses $34,412

Program Expenses $967,315

Other Expenses $474,639

TOTAL EXPENSES $1,098,490

Year-over-Year Comparison

	2023	2022	Change
Revenue	$880,393	$1,220,056	-0.3%
Expenses	$1,098,490	$1,120,761	0.0%
Net Income	$-218,097	$99,295	-3.2%

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

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

$105,000

Total Directors

$105,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHANE PETERMAN	PRODUCING ARTISTIC DIRECTOR	50	Officer Director Highest	$105,000	$0	$105,000
NADIA LOUDON	DIRECTOR	2	Director	$0	$0	$0
TIMOTHY HORAN	DIRECTOR	2	Director	$0	$0	$0
BARBARA DASEKE	DIRECTOR	2	Director	$0	$0	$0
BRITTANY WILLIS	DIRECTOR	2	Director	$0	$0	$0
CRAIG SUTTON	DIRECTOR	2	Director	$0	$0	$0
TIFFANY RICHMOND	DIRECTOR	2	Director	$0	$0	$0
BLAKE CLEMENS	DIRECTOR	2	Director	$0	$0	$0
JAEANNETTE JOHNSON	SECRETARY	2	Director	$0	$0	$0
MAGGIE VERA	VICE PRESIDENT	2	Director	$0	$0	$0
ROSALIND BENJET	DIRECTOR	2	Director	$0	$0	$0
BRUCE ARFSTEN	DIRECTOR	2	Director	$0	$0	$0
REBECCA NEEF	PRESIDENT	4	Director	$0	$0	$0
PHILIP LONGACRE	TREASURER	4	Director	$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	$880,393	$1,098,490	$87,302	$-218,097
2023	$1,220,056	$1,120,761	$248,534	$99,295
2022	$749,399	$820,038	$175,023	$-70,639
2021	$856,295	$739,349	$277,207	$116,946
2020	$994,722	$916,834	$294,367	$77,888
2019	$1,078,355	$1,163,457	$240,582	$-85,102
2018	$1,538,572	$1,514,291	$449,475	$24,281

WATERTOWER THEATRE INC