TOWLE PERFORMING ARTS COMPANY

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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

2016

Legal Domicile

Principal Officer

EMILY NELSON

Phone

2199378780

Tax Period

2023-01-01 to 2023-12-31

TOWLE PERFORMING ARTS COMPANY, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $250K in total revenue in fiscal year 2023.

Mission

TOWLE PERFORMING ARTS COMPANY IS ESTABLISHED TO PROVIDE YEAR-ROUND ENTERTAINMENT AND THEATER RELATED EDUCATIONAL OPPORTUNITIES TO RESIDENTS IN AND AROUND HAMMOND, INDIANA INCLUDING NORTHWEST INDIANA AND THE GREATER CHICAGOLAND AREA.

Program Service Accomplishments

Program 1

Expenses: $101,667 Revenue: $69,821

TOWLE PERFORMING ARTS COMPANY PROVIDES THEATER EXPERIENCES THROUGH FOUR REGULAR SEASON PRODUCTIONS AND A HOLIDAY PRODUCTION EACH YEAR. THE COMMUNITY SUPPORTS THE PRODUCTIONS THROUGH PARTICIPATION IN THE CREATION OF EACH PRODUCTION, VOLUNTEERING AT PERFORMANCES AND PRODUCTION RELATED PROCESSES SUCH AS SET BUILDING OR SUPPORT THROUGH TICKET PURCHASING. TOWLE PERFORMING ARTS COMPANY FOCUSES ON PREMIERE WORKS, OFTEN BY LOCAL WRITERS TO FURTHER OUR CONNECTION WITH OUR COMMUNITY. DURING 2023, 2,779 PEOPLE ATTENDED OUR PRODUCTIONS.

Program 2

Expenses: $249 Revenue: $120

TOWLE PERFORMING ARTS COMPANY HAS AN EDUCATION DEPARTMENT, WHICH ENGAGES YOUNG THEATER ARTISTS RANGING IN AGE FROM 12 - 18 FROM ALL OVER NORTHWEST INDIANA, CHICAGO AND THE SOUTH SUBURBS OF CHICAGO...

TOWLE PERFORMING ARTS COMPANY HAS AN EDUCATION DEPARTMENT, WHICH ENGAGES YOUNG THEATER ARTISTS RANGING IN AGE FROM 12 - 18 FROM ALL OVER NORTHWEST INDIANA, CHICAGO AND THE SOUTH SUBURBS OF CHICAGO. THIS PROGRAM ALLOWS THESE TALENTED AND PASSIONATE ARTISTS TO CREATE AND DISCOVER WITH A WIDE RANGE OF THEIR PEERS THAT CROSS VARIOUS SOCIAL, RACIAL AND ECONOMICALLY DIVERSE LINES. THIS PROGRAM PRODUCES TWO FULL PRODUCTIONS A YEAR, AS WELL AS PROVIDES VARIOUS EDUCATIONAL WORKSHOPS, CLASSROOM PERFORMANCES AND VARIOUS OUTREACH ACTIVITIES. DURING 2023, 8 YOUNG ARTISTS PARTICIPATED IN THE PROGRAM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $177,468

Program Service Revenue $68,891

Investment Income $1,151

Other Revenue $2,856

TOTAL REVENUE $250,366

Expense Breakdown

Grants Paid $0

Salaries & Benefits $174,959

Fundraising Expenses $41,999

Program Expenses $101,916

Other Expenses $90,758

TOTAL EXPENSES $265,717

Year-over-Year Comparison

	2023	2022	Change
Revenue	$250,366	$234,930	+0.1%
Expenses	$265,717	$244,572	+0.1%
Net Income	$-15,351	$-9,642	+0.6%

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

100

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

$73,946

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETH ZAGROCKI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RUTH BEST	TREASURER	2.00	Officer Director	$0	$0	$0
KATHY TOBIN	SECRETARY	1.00	Officer Director	$0	$0	$0
TONY ENGLERT	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN F PELKEY	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNE ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG ZAGROCKI	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK SWIBES	BOARD MEMBER	1.00	Director	$0	$0	$0
RON FARY	BOARD MEMBER	1.00	Director	$0	$0	$0
JELISSA OQUENDO	BOARD MEMBER	1.00	Director	$0	$0	$0
JANET PAPESH	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA POWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
JEN BUSSEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF CASEY	EXECUTIVE DIRECTOR	60.00	Officer	$60,561	$13,385	$73,946

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	No data	No data	No data	No data
2023	$250,366	$265,717	$175,432	$-15,351
2022	$234,930	$244,572	$190,783	$-9,642
2021	$235,272	$210,798	$200,425	$24,474
2020	$231,734	$170,153	$175,951	$61,581