The Hobby Center Foundation (EIN 760428914) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

Mark Folkes

Phone

7133152400

Tax Period

2023-09-01 to 2024-08-31

The Hobby Center Foundation, founded in 1994, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $34.0M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Net assets of $75.3M represent 27 months of operating reserves.

Mission

Presenting performing arts and educational programs at The Hobby Center for the Performing Arts

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,904,392

Program Service Revenue $29,439,717

Investment Income $474,010

Other Revenue $167,344

TOTAL REVENUE $33,985,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,469,564

Fundraising Expenses $405,149

Program Expenses $28,968,401

Other Expenses $27,790,563

TOTAL EXPENSES $33,260,127

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,985,463	$39,846,729	-0.1%
Expenses	$33,260,127	$37,971,999	-0.1%
Net Income	$725,336	$1,874,730	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

102

Volunteers

375

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

$712,382

Total Directors

$445,968

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Folkes	President/CEO	38.00	Officer Director	$412,600	$33,368	$445,968
Rob Doty	Board Chair	3.00	Officer Director	$0	$0	$0
Kimberly Cutchall	Secretary	2.00	Officer Director	$0	$0	$0
Matthew Henneman	Treasurer	2.00	Officer Director	$0	$0	$0
Anisha Aroara	Director	1.00	Director	$0	$0	$0
Stephen Ash	Director	1.00	Director	$0	$0	$0
Steven Burkett	Director	1.00	Director	$0	$0	$0
Kate Dearing Fowler	Director	1.00	Director	$0	$0	$0
Lesha Elsenbrook	Director	1.00	Director	$0	$0	$0
Marjorie Evans	Director	1.00	Director	$0	$0	$0
Ange Finn	Director	1.00	Director	$0	$0	$0
Hillary Hart	Director	1.00	Director	$0	$0	$0
Marshall Heins	Director	1.00	Director	$0	$0	$0
Ron Hulme	Director	1.00	Director	$0	$0	$0
Caroline Baker Hurley	Director	1.00	Director	$0	$0	$0
Franklin Jones	Director	1.00	Director	$0	$0	$0
Ken Kades	Director	1.00	Director	$0	$0	$0
Miles Marks	Director	1.00	Director	$0	$0	$0
Lauren Reid	Director	1.00	Director	$0	$0	$0
Jen Shaunty	Director	1.00	Director	$0	$0	$0
Steve Stephens	Director	1.00	Director	$0	$0	$0
Lynne Earll	VP Finance & Administration	35.00	Officer	$238,751	$27,663	$266,414
Denise Wright	VP Operations	35.00	Highest	$246,992	$30,678	$277,670
Sheri Johnson	General Mgr of Broadway	40.00	Highest	$221,188	$27,029	$248,217
Kevin Van Orden	House Carpenter	40.00	Highest	$137,537	$36,654	$174,191
Mark Dolney	House Electrician	40.00	Highest	$127,251	$36,772	$164,023
Daniel Nordby	Audio Engineer	40.00	Highest	$128,497	$21,367	$149,864

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	$33,985,463	$33,260,127	$85,546,983	$725,336
2023	$39,846,729	$37,971,999	$81,596,918	$1,874,730
2022	$35,132,729	$31,738,897	$77,710,927	$3,393,832
2021	$8,249,942	$7,631,368	$78,248,185	$618,574
2020	$16,522,209	$19,931,042	$81,335,263	$-3,408,833
2019	$11,384,445	$10,882,281	$83,906,185	$502,164
2019	$28,697,280	$28,195,116	$83,906,185	$502,164
2018	$11,024,881	$9,927,665	$79,679,434	$1,097,216

The Hobby Center Foundation