Prospect Theater Project (EIN 770565873) - 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

2001

Legal Domicile

Principal Officer

SARAH AARONSON

Phone

2095499341

Tax Period

2024-09-01 to 2025-08-31

Prospect Theater Project, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $412K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $116K, a strong 28% operating margin.

Mission

PRESENT NEW & TRADITIONAL WORK IN THE THEATER ARTS, ENCOURAGE COMMUNITY PERFORMING ARTS, PROMOTE THE ARTS THROUGH EDUCATIONAL ACTIVITIES IN THE COMMUNITY.

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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 $109,678

Program Service Revenue $109,299

Investment Income $3,488

Other Revenue $189,515

TOTAL REVENUE $411,980

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,588

Fundraising Expenses $0

Program Expenses $288,871

Other Expenses $209,768

TOTAL EXPENSES $296,356

Year-over-Year Comparison

	2024	2023	Change
Revenue	$411,980	$500,736	-0.2%
Expenses	$296,356	$575,085	-0.5%
Net Income	$115,624	$-74,349	-2.6%

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

N/A

Employees

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

$6,790

Total Directors

$47,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jack Souza	Founder	1.00	Director	$24,500	$0	$24,500
Laura Dickinson-Turner	Artistic Direct	20.00	Director	$23,000	$0	$23,000
Sarah Aaronson	Executive Dir.	20.00	Officer	$6,790	$0	$6,790
Kathleen Ennis	Founder	1.00	Director	$0	$0	$0
Chelsea Foy	Director	1.00	Director	$0	$0	$0
Mary Pieczarka	President	3.00	Director	$0	$0	$0
David Rockwell	Director	3.00	Director	$0	$0	$0
Kate Trompeter	Director	2.00	Director	$0	$0	$0
Alicia Wallace	Director	2.00	Director	$0	$0	$0
Paul Tremayne	President	2.00	Officer	$0	$0	$0
Chris Hewitt	Treasurer	3.00	Officer	$0	$0	$0
Scott Davis	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
2025	$411,980	$296,356	$288,611	$115,624
2024	$500,736	$575,085	$172,623	$-74,349
2023	$329,879	$322,618	$264,012	$7,261
2022	$295,824	$217,087	$225,514	$78,737

Prospect Theater Project