THEATRE THREE INC (EIN 756042183) - 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

1965

Legal Domicile

Principal Officer

MERRI BREWER

Phone

2148973300

Tax Period

2024-08-01 to 2025-07-31

THEATRE THREE INC, founded in 1965, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

We are an intimate stage for everyone. Playwrights will invent, artists will risk, and audiences will be immersed in new and familiar plays they can see from all sides. Feel emboldened, entertained and intrigued rediscover and reach for T3.

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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 $995,636

Program Service Revenue $335,267

Investment Income $1,527

Other Revenue $107,697

TOTAL REVENUE $1,440,127

Expense Breakdown

Grants Paid $0

Salaries & Benefits $709,040

Fundraising Expenses $29,472

Program Expenses $1,232,579

Other Expenses $821,256

TOTAL EXPENSES $1,530,296

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,440,127	$1,292,016	+0.1%
Expenses	$1,530,296	$1,288,490	+0.2%
Net Income	$-90,169	$3,526	-26.6%

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

$115,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY SCHMIDT	ARTISTIC DIR.	40.00	Officer	$65,000	$0	$65,000
KATHERINE EDWARDS-THRU 525	MANAGING DIR.	40.00	Officer	$50,000	$0	$50,000
SUZANNE BURKHEAD	MEMBER	10.00	Director	$0	$0	$0
JON COLLINS	MEMBER	10.00	Director	$0	$0	$0
DAVID LUTHER	MEMBER	10.00	Director	$0	$0	$0
ROB MCCOLLUM	MEMBER	10.00	Director	$0	$0	$0
MIA GLOGAU	MEMBER	10.00	Director	$0	$0	$0
HARRISON HERNDON	MEMBER	10.00	Director	$0	$0	$0
ROSA MEDINA-CRISTOBAL	MEMBER	10.00	Director	$0	$0	$0
DANA COBB	MEMBER	10.00	Director	$0	$0	$0
JESSICA TURNER	Chairman	40.00	Officer Director	$0	$0	$0
SCOTT WILLIAMS	MEMBER	10.00	Director	$0	$0	$0
MERRI BREWER-FROM 625	MANAGING DIR.	40.00	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
2025	$1,440,127	$1,530,296	$3,601,907	$-90,169
2024	$1,292,016	$1,288,490	$3,659,120	$3,526
2023	$764,094	$1,193,623	$3,708,040	$-429,529
2022	$755,386	$841,935	$431,591	$-86,549
2022	$755,386	$841,935	$431,591	$-86,549
2021	$562,705	$783,309	$604,908	$-220,604
2020	$645,244	$871,758	$775,472	$-226,514
2019	$922,351	$1,332,784	$1,139,971	$-410,433

THEATRE THREE INC