HIP POCKET THEATRE (EIN 751626595) - 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

1976

Legal Domicile

Principal Officer

Holly Ellman

Phone

8172469775

Tax Period

2023-01-01 to 2023-12-31

HIP POCKET THEATRE, founded in 1976, is a small nonprofit that reported $288K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year.

Mission

Hip Pocket Theatre, as both experimental playhouse and environmental visual installation, has a long-standing outreach program comprising community based events and enriching healing arts programming. It is dedicated to bringing guest artists from around the globe and throughout Fort Worth to collaborate on projects each season.

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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 $229,848

Program Service Revenue $58,643

Investment Income $0

Other Revenue $0

TOTAL REVENUE $288,491

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,721

Fundraising Expenses $7,668

Program Expenses $235,768

Other Expenses $245,069

TOTAL EXPENSES $305,790

Year-over-Year Comparison

	2023	2022	Change
Revenue	$288,491	$326,615	-0.1%
Expenses	$305,790	$231,592	+0.3%
Net Income	$-17,299	$95,023	-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

175

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

$59,022

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John T Simons	Artistic Director	25	Officer	$45,650	$13,372	$59,022
Quentin McGown	Treasurer	2	Officer Director	$0	$0	$0
Holly Ellman	President	2	Officer Director	$0	$0	$0
Lauren Ivy Chiong	Director	1	Director	$0	$0	$0
Paul Hamilton	Director	1	Director	$0	$0	$0
Thad Isbell	Director	1	Director	$0	$0	$0
Nikki DeShea Smith	Director	1	Director	$0	$0	$0
Tracy Bush	Vice President	2	Officer Director	$0	$0	$0
John Key	Director	1	Director	$0	$0	$0
Melinda Allen	Director	1	Director	$0	$0	$0
Marian Eastman	Director	1	Director	$0	$0	$0
Bethany Malone	Director	1	Director	$0	$0	$0
Barbara Wooten	Director	1	Director	$0	$0	$0
Leslie Zvitt	Secretary	2	Officer 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	No data	No data	No data	No data
2023	$288,491	$305,790	$259,777	$-17,299
2022	$326,615	$231,592	$291,272	$95,023
2021	$261,052	$212,041	$186,572	$49,011
2020	$222,741	$161,244	$115,313	$61,497
2019	$211,647	$225,928	$54,963	$-14,281
2018	$207,842	$201,319	$68,557	$6,523

HIP POCKET THEATRE