UNDERMAIN THEATRE (EIN 751961619) - 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

1984

Legal Domicile

Principal Officer

BRUCE DUBOSE

Phone

2147471424

Tax Period

2024-08-01 to 2025-07-31

UNDERMAIN THEATRE, founded in 1984, is a small nonprofit in the Arts, Culture & Humanities sector that reported $833K in total revenue in fiscal year 2024.

Mission

Undermain Theatre is a company of artists seeking to inspire, educate and challenge audiences through its production of innovative theater.

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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 $672,209

Program Service Revenue $73,105

Investment Income $84,093

Other Revenue $3,612

TOTAL REVENUE $833,019

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $394,285

Fundraising Expenses $128,674

Program Expenses $694,292

Other Expenses $502,852

TOTAL EXPENSES $907,137

Year-over-Year Comparison

	2024	2023	Change
Revenue	$833,019	$820,033	+0.0%
Expenses	$907,137	$825,463	+0.1%
Net Income	$-74,118	$-5,430	+12.6%

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

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

$73,991

Total Directors

$106,991

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bruce Dubose	PRODUCING ARTISTIC DIRECTOR	40.0	Officer Director	$73,991	$0	$73,991
ANTHONY RAMIREZ	MANAGING PRODUCER	30.0	Director	$33,000	$0	$33,000
Johnette Alter	DIRECTOR	1.0	Director	$0	$0	$0
Deborah Nugent	TREASURER	5.0	Officer Director	$0	$0	$0
TRAVIS COBBS	DIRECTOR	1.0	Director	$0	$0	$0
Graham Greene	DIRECTOR	1.0	Director	$0	$0	$0
Ashley Kisner	DIRECTOR	1.0	Director	$0	$0	$0
DEIKA ELMI	DIRECTOR	1.0	Director	$0	$0	$0
Lin Medlin	PRESIDENT	5.0	Officer Director	$0	$0	$0
Bill Swart	SECRETARY	5.0	Officer Director	$0	$0	$0
Angus Wynne III	DIRECTOR	1.0	Director	$0	$0	$0
KAROL OMLOR	DIRECTOR	1.0	Director	$0	$0	$0
DONOVAN MILLER	DIRECTOR	1.0	Director	$0	$0	$0
CRAIG WALTERS	DIRECTOR	1.0	Director	$0	$0	$0
KATHERINE SHARP	DIRECTOR	1.0	Director	$0	$0	$0
MARY VERNON	DIRECTOR	1.0	Director	$0	$0	$0
JOSHUA TERRY	DIRECTOR	1.0	Director	$0	$0	$0
DAN SOLERO	DRECTOR	1.0	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
2025	$833,019	$907,137	$1,374,715	$-74,118
2024	$820,033	$825,463	$1,569,242	$-5,430
2023	$696,120	$827,852	$1,274,697	$-131,732
2022	$628,676	$693,585	$1,392,842	$-64,909
2021	$764,527	$654,099	$1,486,320	$110,428
2020	$891,497	$763,036	$1,292,371	$128,461
2019	$770,416	$773,889	$1,187,691	$-3,473

UNDERMAIN THEATRE