WACO THEATER CENTER

EIN: 812917440 501(c)(3) Arts, Culture & Humanities

NORTH HOLLYWOOD, CA

Total Revenue
$143,808
Total Expenses
$2,009,512
Total Assets
$1,327,376
Net Assets
$1,225,559
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
CA
Principal Officer
SHAY WAFER
Phone
8184001151
Tax Period
2024-07-01 to 2025-06-30

WACO THEATER CENTER, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $144K in total revenue in fiscal year 2024. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 1297% operating deficit.

Mission

WACO THEATER CENTER IS A PERFORMING AND VISUAL ARTS ORGANIZATION THAT PRESENTS, COMMISSIONS AND DEVELOPS ARTISTIC WORKS DEDICATED TO STORIES OF THE AFRICAN DIASPORA. WACO PROVIDES ARTISTS AND YOUNG PEOPLE A PLATFORM AND VOICE TO SHOWCASE THEIR CREATIVITY, IN ORDER TO CONNECT AND INSPIRE OTHERS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $49,019
Program Service Revenue $0
Investment Income $48,093
Other Revenue $46,696
TOTAL REVENUE $143,808

Expense Breakdown

Grants Paid $0
Salaries & Benefits $727,914
Fundraising Expenses $67,028
Program Expenses $1,586,352
Other Expenses $1,281,598
TOTAL EXPENSES $2,009,512

Year-over-Year Comparison

2024 2023 Change
Revenue $143,808 $1,338,003 -0.9%
Expenses $2,009,512 $1,981,256 +0.0%
Net Income $-1,865,704 $-643,253 +1.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
5
Employees
10
Volunteers
10

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
3
$125,000
Total Directors
6
$125,000
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD LAWSON FORMER OFFIC 40.00
$125,000 $0 $125,000
TINA KNOWLES PRESIDENT 40.00
Officer Director
$125,000 $0 $125,000
ANGELIKI GIANNAKOPOLOUS SECRETARY 1.00
Officer Director
$0 $0 $0
MELBA LFARQUHAR TREASURER 1.00
Officer Director
$0 $0 $0
GLYNN TURMAN BOARD MEMBER 1.00
Director
$0 $0 $0
RALPH FARQUHAR BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN WISEMAN BOARD MEMBER 1.00
Director
$0 $0 $0
SHAY WAFER EXECUTIVE DI 40.00
Highest
$125,500 $0 $125,500
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 $143,808 $2,009,512 $1,327,376 $-1,865,704
2024 $1,338,003 $1,981,256 $3,396,255 $-643,253
2023 $1,866,880 $3,702,109 $3,968,946 $-1,835,229
2022 $4,502,178 $2,849,190 $5,590,838 $1,652,988
2021 $3,112,232 $1,847,007 $4,060,821 $1,265,225
2020 $2,489,860 $1,592,904 $2,754,972 $896,956
2019 $1,646,225 $1,186,937 $1,780,188 $459,288
2018 $1,467,944 $922,389 $1,243,318 $545,555
2017 $773,084 $319,626 $715,976 $453,458
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