URBAN MUSIC 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

2007

Legal Domicile

Principal Officer

TRINA DINGLE

Phone

3172947005

Tax Period

2024-01-01 to 2024-12-31

URBAN MUSIC THEATRE INC, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $430K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $485K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE ARTS PROGRAMS TO AFRICAN-AMERICANS AND TO PRODUCE PROFESSIONAL THEATRE THAT PROMOTES AND CELEBRATED THE AFRICAN-AMERICAN EXPERIENCE, ATTRACT DIVERSE AUDIENCES, SUPPORT AND DEVELOP ARTIST OF COLOR IN SINGING DANCING AND ACTING AND BUILD SELF-ESTEEM.

Program Service Accomplishments

Program 1

Expenses: $383,475 Revenue: $127,755

LIVE THEATRE AND MUSICAL TRAINING: LIVE THEATRE AND MUSICAL TRAINING IS THE CORE OF OUR ORGANIZATION AND ARTS PROGRAMMING AT INDIANA PERFORMING ARTS THEATRE. OUR ARTS EDUCATION AND ARTS PROGRAMMING ARE DESIGNED TO DEVELOP YOUTH AND ADULTS IN ACTING, SINGING, DANCE AND MUSIC. ESPECIALLY THE UNDERSERVED AND UNDER REPRESENTED ARTISTS OF COLOR AND LOW-INCOME STUDENTS AND CONTINUATION OF LIVE STAGE PRODUCTIONS TO THE COMMUNITY AND WE TOUR PRODUCTIONS INTO SMALLER CITIES THAT LACK DIVERSITY IN THE ARTS AND PERFORMANCE THAT SHOWCASE MUSICAL AND PLAYS THAT SHOWCASE ARTIST OF COLOR.

Program 2

Expenses: $14,534 Revenue: $17,476

ARTS EDUCATION: WORKSHOPS AND TRAINING INSTRUCTIONS IN ACTING, SINGING, DANCE, MUSIC AND VOCAL LESSONS AND SCRSCRIPT READING IN A SERIES OF WORKSHOPD AND SPECIALTY TRAINING. MUSICAL THEATRE TRAINING IS OFFERED IN 3 SESSIONS PER YEAR, SPRING, SUMMER, AND FALK, 3 MONTH SESSIONS PER OFFERING, 10-12/HR PER WEEK. PARTICIPANTS LEARN THE FUNDAMENTALS AND BUILD SKILLS, WHILE ALSO LEARNING HOW TO WORK IN GROUPS AND BUILDING SELF-ESTEEM, AND CONFIDENCE THAT RESULTS IN BUILDING COMPETENCY IN PERFORMING ON STAGE AND PERFORMING IN FRONT OF LIVE AUDIENCES.

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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 $285,038

Program Service Revenue $145,231

Investment Income $0

Other Revenue $0

TOTAL REVENUE $430,269

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,500

Fundraising Expenses $22,325

Program Expenses $398,009

Other Expenses $414,528

TOTAL EXPENSES $485,028

Year-over-Year Comparison

	2024	2023	Change
Revenue	$430,269	$529,986	-0.2%
Expenses	$485,028	$459,286	+0.1%
Net Income	$-54,759	$70,700	-1.8%

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

$70,500

Total Directors

$30,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRINA DINGLE	EXECUTIVE DIRECTOR/VICE CHAIRMAN	20.00	Officer	$40,000	$0	$40,000
KILA ADAMS	BOARD MEMBER/DEVELOMENT	6.00	Officer Director	$13,500	$0	$13,500
DIONNA DUVALL	BOARD MEMBER/ARTISTIC PROGRAMMING	6.00	Officer Director	$17,000	$0	$17,000
DARRYL BLEDSOE	BOARD MEMBR/CHAIRMAN	5.00	Director	$0	$0	$0
GLENDA HONEYCUTT	BOARD MEMBER/TREASURER	3.00	Director	$0	$0	$0
SEAN TUCKER	BOARD MEMBER/SECRETARY	2.00	Director	$0	$0	$0
MATTHEW JACKSON	BOARD MEMBER/MUSIC EDUCATION	2.00	Director	$0	$0	$0
MAYA BATES	BOARD MEMBER/OUTREACH	2.00	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	$430,269	$485,028	$228,512	$-54,759
2023	$529,986	$459,286	$295,689	$70,700
2022	$407,990	$315,674	$231,989	$92,316
2021	$302,575	$327,527	$142,716	$-24,952
2020	$212,658	$143,501	$153,386	$69,157