HISTORIC WEST BEND THEATRE 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

2016

Legal Domicile

Principal Officer

PATRICK O'CONNOR

Phone

2625731988

Tax Period

2023-01-01 to 2023-12-31

HISTORIC WEST BEND THEATRE INC, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $838K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Net assets of $3.6M represent 51 months of operating reserves.

Mission

TO CONNECT THE COMMUNITY THROUGH ENTERTAINMENT, SOCIAL, AND EDUCATIONAL EXPERIENCES.

Program Service Accomplishments

Program 1

Expenses: $683,231 Revenue: $615,496

THE HISTORIC WEST BEND THEATRE, INC. (HWBT, 501(C)3), OTHERWISE KNOWN AS THE BEND, IS AN EXPERIENCE VENUE IN DOWNTOWN WEST BEND, WI. OUR PURPOSE IS RESTORING THE WEST BEND THEATRE, LOCATED AT 125...

THE HISTORIC WEST BEND THEATRE, INC. (HWBT, 501(C)3), OTHERWISE KNOWN AS THE BEND, IS AN EXPERIENCE VENUE IN DOWNTOWN WEST BEND, WI. OUR PURPOSE IS RESTORING THE WEST BEND THEATRE, LOCATED AT 125 MAIN STREET, WEST BEND, WISCONSIN, TO A SAFE AND FUNCTIONAL HISTORIC BUILDING FOR USE BY BOTH PUBLIC AND PRIVATE ENTITIES, AND TO CREATE OPPORTUNITIES WITHIN THAT SPACE TO BENEFIT THE GREATER WASHINGTON COUNTY AREA IN THE FORM OF EDUCATION, ENTERTAINMENT, AND THE ARTS. SPECIFICALLY, OUR ORGANIZATION WILL PROCURE AND PROMOTE OPPORTUNITIES FOR ARTS EDUCATION DESIGNED TO FACILITATE CULTURAL AWARENESS AND BUILD CREATIVE SELF-CONFIDENCE FOR ALL WHO ENJOY OUR VENUE, TO PRESENT A BROAD AND DIVERSE ARRAY OF PERFORMING AND VISUAL ARTS, AND TO ACT AS A GATHERING PLACE FOR AND WITH THE COMMUNITY AROUND US.

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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 $205,068

Program Service Revenue $216,115

Investment Income $9,300

Other Revenue $407,695

TOTAL REVENUE $838,178

Expense Breakdown

Grants Paid $0

Salaries & Benefits $534,285

Fundraising Expenses $35,551

Program Expenses $683,231

Other Expenses $306,232

TOTAL EXPENSES $840,517

Year-over-Year Comparison

	2023	2022	Change
Revenue	$838,178	$685,739	+0.2%
Expenses	$840,517	$644,869	+0.3%
Net Income	$-2,339	$40,870	-1.1%

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

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

$15,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NIC NOVACZYK	PRESIDENT	1.00	Officer Director	$0	$0	$0
KINE TORINUS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN TORINUS	SECRETARY	1.00	Officer Director	$0	$0	$0
PATRICK O'CONNOR	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN SANCOMB	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
BARRY BERTRAM	DIRECTOR	1.00	Director	$0	$0	$0
BOB DAVENPORT	DIRECTOR	1.00	Director	$0	$0	$0
BROOKE NOVACZYK	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER YOGERST	DIRECTOR	1.00	Director	$0	$0	$0
DAN DINEEN	DIRECTOR	1.00	Director	$0	$0	$0
ERIN BURGESS	DIRECTOR	1.00	Director	$0	$0	$0
JAY TAMEZ	DIRECTOR	1.00	Director	$0	$0	$0
JOE ZAREMBA	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN MENTER	DIRECTOR	1.00	Director	$0	$0	$0
RICK FOX	DIRECTOR	1.00	Director	$0	$0	$0
TERI MILLIGAN	DIRECTOR	1.00	Director	$0	$0	$0
BILL BUETTNER	EXECUTIVE DIRECTOR	40.00	Officer	$15,600	$0	$15,600

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	$838,178	$840,517	$4,429,656	$-2,339
2022	$685,739	$644,869	$4,420,846	$40,870
2021	$421,605	$506,609	$4,249,137	$-85,004
2020	$1,661,332	$398,648	$4,322,576	$1,262,684
2019	$645,183	$154,665	$2,709,640	$490,518
2018	$1,778,725	$66,824	$2,036,860	$1,711,901