MILLWALD THEATRE INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

DAVID CARPENTER

Phone

2766256955

Tax Period

2024-01-01 to 2024-12-31

MILLWALD THEATRE INC, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $728K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $690K left a modest 5% surplus.

Mission

THE MISSION OF THE MILLWALD THEATRE IS TO BE A CULTURAL HUB THAT PROVIDES EXCEPTIONAL AND ACCESSIBLE ARTS EXPERIENCES INCLUDING ENTERTAINMENT, EDUCATION, AND CIVIC DIALOGUE WHILE PROMOTING ECONOMIC GROWTH IN OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $558,806 Revenue: $335,242

MILLWALD THEATRE CONCENTRATED ON RAISING FUNDRAISING EFFORTS TO INCREASE CONTRIBUTED INCOME WHILE PROGRAMMING NATIONALLY KNOWN ACTS TO INCREASE AWARENESS OF THE THEATRE. THROUGH OUR EDUCATIONAL...

MILLWALD THEATRE CONCENTRATED ON RAISING FUNDRAISING EFFORTS TO INCREASE CONTRIBUTED INCOME WHILE PROGRAMMING NATIONALLY KNOWN ACTS TO INCREASE AWARENESS OF THE THEATRE. THROUGH OUR EDUCATIONAL PROGRAMS, OVER 10,000 STUDENTS WERE GIVEN AN OPPORTUNITY TO SEE AN EDUCATIONAL PERFORMANCE FOR FREE AT THE THEATRE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $361,109

Program Service Revenue $293,479

Investment Income $32,067

Other Revenue $41,763

TOTAL REVENUE $728,418

Expense Breakdown

Grants Paid $0

Salaries & Benefits $219,090

Fundraising Expenses $38,569

Program Expenses $558,806

Other Expenses $470,631

TOTAL EXPENSES $689,721

Year-over-Year Comparison

	2024	2023	Change
Revenue	$728,418	$1,061,719	-0.3%
Expenses	$689,721	$825,692	-0.2%
Net Income	$38,697	$236,027	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSSELL T JONES	BOARD TREASURER	10.00	Officer Director	$0	$0	$0
REBECCA JAMES	BOARD SECRETARY	3.00	Officer Director	$0	$0	$0
BRUCE STEPHENS	BOARD VICE CHAIR	3.00	Officer Director	$0	$0	$0
TERESA HAGEE	BOARD CHAIR	10.00	Officer Director	$0	$0	$0
DAVID MANLEY	BOARD MEMBER	3.00	Director	$0	$0	$0
CM WALTERS	BOARD MEMBER	2.00	Director	$0	$0	$0
TERRY BEAMER	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL GILLMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
GLENDA CROCKETT-EANS	BOARD MEMBER	2.00	Director	$0	$0	$0
DONALD MARTIN JR	BOARD MEMBER	2.00	Director	$0	$0	$0
RANDY NEWBERRY	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID CARPENTER	BOARD MEMBER	2.00	Director	$0	$0	$0
ANNE HARRISON	BOARD MEMBER	2.00	Director	$0	$0	$0
SEAN VIARS	BOARD MEMBER	2.00	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	$728,418	$689,721	$3,836,706	$38,697
2023	$1,061,719	$825,692	$3,874,049	$236,027
2022	$1,956,145	$264,979	$5,123,808	$1,691,166
2021	$768,017	$114,121	$4,409,085	$653,896
2020	$525,286	$35,073	$1,359,862	$490,213
2019	$839,836	$35,917	$827,716	$803,919