THE PLAZA THEATRE INC

EIN: 760319276 501(c)(3) Arts, Culture & Humanities

WHARTON, TX

Total Revenue
$225,450
Total Expenses
$305,386
Total Assets
$2,047,111
Net Assets
$1,718,698
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
TX
Principal Officer
HENRI ANN NORTMAN
Phone
9792822226
Tax Period
2023-10-01 to 2024-09-30

THE PLAZA THEATRE INC, founded in 1990, is a small nonprofit in the Arts, Culture & Humanities sector that reported $225K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $305K exceeded revenue, resulting in a 35% operating deficit.

Mission

THE ORGANIZATION MAINTAINS A REGIONAL ICONIC PERFORMANCE BUILDING IN DOWNTOWN WHARTON, TX WHICH WAS ORIGINALLY BUILT CIRCA 1904. THE BUILDING HAS HISTORICALLY BEEN USED FOR COMMUNITY ACTIVITIES AND ENTERTAINMENT, AND THE PLAZA THEATRE CONTINUES THE TRADITION OF PROVIDING LIVE ENTERTAINMENT FOR WHARTON COUNTY AND THE SURROUNDING AREA. EMPHASIS IS PLACED ON THE RESTORATION OF THE BUILDING TO ITS ORIGINAL APPEARANCE, THUS PRESERVING SOME OF THE HISTORY OF WHARTON COUNTY. THE ORGANIZATION, ALONG WITH BRINGING LIVE CULTURAL ENTERTAINMENT INSIDE THE BUILDING, TAKES THE OPPORTUNITY AT EACH PERFORMANCE TO EDUCATE THE PUBLIC ABOUT THE HISTORICAL SIGNIFICANCE OF THE PLAZA THEATRE AND SURROUNDING BUILDINGS ON THE COURTHOUSE SQUARE IN DOWNTOWN WHARTON, TX.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $50,628
Program Service Revenue $95,257
Investment Income $50,345
Other Revenue $29,220
TOTAL REVENUE $225,450

Expense Breakdown

Grants Paid $1,350
Salaries & Benefits $49,181
Fundraising Expenses $0
Program Expenses $305,176
Other Expenses $254,855
TOTAL EXPENSES $305,386

Year-over-Year Comparison

2023 2022 Change
Revenue $225,450 $185,844 +0.2%
Expenses $305,386 $269,138 +0.1%
Net Income $-79,936 $-83,294 0.0%
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

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Governance

Voting Members
14
Independent Members
14
Employees
6
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
6
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HENRY BAADE BOARD MEMBER 5.00
Director
$0 $0 $0
RACHEL HELMICK BOARD MEMBER 5.00
Director
$0 $0 $0
MOLLY KRESTA BOARD MEMBER 5.00
Director
$0 $0 $0
KATRESE SKINNER BOARD MEMBER 5.00
Director
$0 $0 $0
TONY BONE BOARD MEMBER 5.00
Director
$0 $0 $0
JAMI HUGHES BOARD MEMBER 5.00
Director
$0 $0 $0
LAUREN ORSAK BOARD MEMBER 5.00
Director
$0 $0 $0
ADRAYLLE WATSON BOARD MEMBER 5.00
Director
$0 $0 $0
HENRI ANN NORTMAN PRESIDENT 5.00
Officer
$0 $0 $0
KENNETH SOCHA VP/OPERATIONS 5.00
Officer
$0 $0 $0
QUINN WRENCH VP/OPERATIONS 5.00
Officer
$0 $0 $0
RUSSELL KACER VP/COMMUNICATIONS 5.00
Officer
$0 $0 $0
JULIE AARONSON TREASURER 5.00
Officer
$0 $0 $0
SARAH WILKINS SECRETARY 5.00
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 $225,450 $305,386 $2,047,111 $-79,936
2023 $185,844 $269,138 $1,911,668 $-83,294
2022 $275,406 $208,054 $1,482,761 $67,352
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