CHILDRENS LEGACY THEATRE INC

EIN: 823411188 501(c)(3) Arts, Culture & Humanities

WASHINGTON, DC

Total Revenue
$322,058
Total Expenses
$435,234
Total Assets
$35,496
Net Assets
$35,496
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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
2017
Legal Domicile
DC
Tax Period
2023-10-01 to 2024-09-30

CHILDRENS LEGACY THEATRE INC, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $322K in total revenue in fiscal year 2023. Expenses of $435K exceeded revenue, resulting in a 35% operating deficit.

Mission

TO EDUCATE AT RISK TEENS THROUGH THE ARTS

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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 (2023)

Revenue Breakdown

Contributions & Grants $322,058
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $322,058

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $248,956
Other Expenses $435,234
TOTAL EXPENSES $435,234

Year-over-Year Comparison

2023 2022 Change
Revenue $322,058 N/A N/A
Expenses $435,234 N/A N/A
Net Income $-113,176 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

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Governance

Voting Members
5
Independent Members
4
Employees
N/A
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
1
$51,970
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACKIE CARTER EXECUTIVE DIRECTOR 40.00
Officer
$51,970 $0 $51,970
RHODECCIA CARTER SECRETARY 10.00
Director
$0 $0 $0
LAWRENCE HUNDLEY TREASURER 10.00
Director
$0 $0 $0
JAMES L WATKINS INTERIM BOARD CHAIR 10.00
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
2024 $322,058 $435,234 $35,496 $-113,176
2023 $466,549 $420,487 $148,748 $46,062
2022 $265,306 $183,403 $102,685 $81,903
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