Prologue Theatre (EIN 824641050) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

Christie Johnson

Phone

7033822012

Tax Period

2023-01-01 to 2023-12-31

Prologue Theatre, founded in 2018, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $90K in total revenue in fiscal year 2018.

Mission

Prologue Theatre had two full productions in the calendar year 2023 (The Cake and Monsters of the American Cinema), continued its new works series FOREWORD by workshopping three new plays, and was awarded the John Aniello Outstanding Emerging Theatre Company Award by Theatre Washington at the Helen Hayes Awards in May. Like virtually all DC area theatre companies, Prologue continued to struggle post COVID with audience attendance, especially for the summer production.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $317,892

Program Service Revenue $12,661

Investment Income $0

Other Revenue $0

TOTAL REVENUE $330,553

Expense Breakdown

Grants Paid $0

Salaries & Benefits $92,574

Fundraising Expenses $43,563

Program Expenses $297,937

Other Expenses $279,338

TOTAL EXPENSES $371,912

Year-over-Year Comparison

	2023	2022	Change
Revenue	$330,553	$330,505	+0.0%
Expenses	$371,912	$320,078	+0.2%
Net Income	$-41,359	$10,427	-5.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christie Johnson	President	25.00	Officer Director	$0	$0	$0
Irene Levy	Treasurer	0.50	Officer Director	$0	$0	$0
Doug Wilder	Director	0.50	Director	$0	$0	$0
Holly Amaya	Secretary	0.50	Officer Director	$0	$0	$0
Chrissy Brownson	Director	0.50	Director	$0	$0	$0
Yuchin Miller	Director	0.50	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	No data	No data	No data	No data
2023	$330,553	$371,912	$26,361	$-41,359
2022	$330,505	$320,078	$67,832	$10,427
2021	$400,346	$396,162	$56,485	$4,184
2020	$419,973	$410,317	$50,939	$9,656
2019	$524,804	$480,095	$47,410	$44,709
2018	$90,000	$94,173	$1,220	$-4,173

Prologue Theatre