Theater District Improvement 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

1995

Legal Domicile

Principal Officer

Jim Nelson

Phone

7132286737

Tax Period

2020-01-01 to 2020-12-31

Theater District Improvement Inc, founded in 1995, is a micro nonprofit that reported $10K in total revenue in fiscal year 2020. Revenue fell 100% from the prior year — a significant decline worth monitoring.

Mission

Theater District Improvement exists solely to serve as the administrator of Hotel Occupancy Taxes. These taxes are a pass-through from the City of Houston, which, by contract are distributed to the seven resident Theater District performing arts companies based upon an agreed-upon allocation.

Program Service Accomplishments

Program 1

Expenses: $120

In 2020, the Theater District Improvement, Inc. (TDI) board of directors filed to dissolve the organization. TDI's primary activity during 2020 was to distribute the 2019 grants payable to eight...

In 2020, the Theater District Improvement, Inc. (TDI) board of directors filed to dissolve the organization. TDI's primary activity during 2020 was to distribute the 2019 grants payable to eight Houston performing arts organizations and prepare to cease all operations.

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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 (2020)

Revenue Breakdown

Contributions & Grants $10,220

Program Service Revenue $0

Investment Income $120

Other Revenue $0

TOTAL REVENUE $10,340

Expense Breakdown

Grants Paid $120

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $120

Other Expenses $10,220

TOTAL EXPENSES $10,340

Year-over-Year Comparison

	2020	2019	Change
Revenue	$10,340	$3,798,295	-1.0%
Expenses	$10,340	$3,798,295	-1.0%
Net Income	$0	N/A	N/A

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

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
Perryn Leech	Chairman	1.00	Officer Director	$0	$0	$0
Dean Gladden	Vice Chairman	1.00	Officer Director	$0	$0	$0
Jim Nelson	Secretary	1.00	Officer Director	$0	$0	$0
Brenda Bazan	Director	1.00	Director	$0	$0	$0
Meg Booth	Director	1.00	Director	$0	$0	$0
Toni Capra	Director	1.00	Director	$0	$0	$0
Hillary Hart	Director	1.00	Director	$0	$0	$0
John Mangum	Director	1.00	Director	$0	$0	$0
Kathryn McNiel	CEO	1.00	Officer 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
2020	$10,340	$10,340	No data	No data
2019	$3,798,295	$3,798,295	$902,283	No data
2018	$3,760,777	$3,760,777	$973,745	No data