LA RITA PERFORMING ARTS THEATRE INC (EIN 752184564) - 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

1988

Legal Domicile

Principal Officer

TAMMY SCHNIEDERJAN

Phone

8062446222

Tax Period

2023-01-01 to 2023-12-31

LA RITA PERFORMING ARTS THEATRE INC, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $236K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $111K, a strong 47% operating margin.

Mission

TO PROVIDE A PERFORMING ARTS THEATRE FOR PLAYS AND PROFESSIONAL ACTS, BOTH LOCAL AND AFAR. TO EMBRACE AND TO SHARE THE ARTS WITH ALL CULTURES WITHIN OUR AREA.

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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 $199,680

Program Service Revenue $34,734

Investment Income $1,831

Other Revenue $0

TOTAL REVENUE $236,245

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $59,555

Other Expenses $125,663

TOTAL EXPENSES $125,663

Year-over-Year Comparison

	2023	2022	Change
Revenue	$236,245	$173,593	+0.4%
Expenses	$125,663	$160,740	-0.2%
Net Income	$110,582	$12,853	+7.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT LEDBETTER	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN POLLARD	DIRECTOR	1.00	Director	$0	$0	$0
DICK SELBY	DIRECTOR	1.00	Director	$0	$0	$0
CAMILLA GREEN	DIRECTOR	1.00	Director	$0	$0	$0
NICK OLSON	DIRECTOR	1.00	Director	$0	$0	$0
TRIPP STONE	DIRECTOR	1.00	Director	$0	$0	$0
MO BRYDON	DIRECTOR	1.00	Director	$0	$0	$0
MADISON PORTER	DIRECTOR	1.00	Director	$0	$0	$0
ALFONSO VENEGAS	DIRECTOR	1.00	Director	$0	$0	$0
CREED HARLAND	DIRECTOR	1.00	Director	$0	$0	$0
BRYCE HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
TAMMY SCHNIEDERJAN	PRESIDENT	1.00	Officer	$0	$0	$0
JOSH BEECHER	TREASURER	1.00	Officer	$0	$0	$0
TERRI HEIN	VICE-PRESIDENT	1.00	Officer	$0	$0	$0
STACY THARP	SECRETARY	1.00	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	No data	No data	No data	No data
2023	$236,245	$125,663	$1,175,953	$110,582
2022	$173,593	$160,740	$1,065,371	$12,853
2021	$163,633	$106,751	$1,052,518	$56,882
2020	$80,416	$32,768	$995,636	$47,648
2019	$96,453	$83,035	$947,988	$13,418
2018	$109,645	$78,458	$934,570	$31,187

LA RITA PERFORMING ARTS THEATRE INC