PHOENIX THEATRE BUILDING CORPORATION (EIN 824981884) - Form 990 Financial Analysis & Trantor Score

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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

2018

Legal Domicile

Principal Officer

JAMES SHOOK

Phone

3175433500

Tax Period

2023-01-01 to 2023-12-31

PHOENIX THEATRE BUILDING CORPORATION, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $200K in total revenue in fiscal year 2023. Expenses of $449K exceeded revenue, resulting in a 124% operating deficit.

Mission

TO HOLD TITLE TO AND MANAGE REAL & PERSONAL PROPERTY FOR THE BENEFIT OF PHOENIX THEATRE INC., INDIANAPOLIS IN; TO DISTRIBUTE NET INCOME IN EXCESS OF EXPENSES AND DEBT SERVICE TO PHOENIX THEATRE INC., AND ASSIST PHOENIX THEATRE INC. IN PROMOTING ECONOMIC GROWTH OF MARION COUNTY, INDIANA.

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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 $0

Program Service Revenue $200,000

Investment Income $22

Other Revenue $0

TOTAL REVENUE $200,022

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $429,179

Other Expenses $449,017

TOTAL EXPENSES $449,017

Year-over-Year Comparison

	2023	2022	Change
Revenue	$200,022	$200,027	0.0%
Expenses	$449,017	$567,112	-0.2%
Net Income	$-248,995	$-367,085	-0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL FLINT	DIRECTOR	1.00	Director	$0	$0	$0
MARK GASTINEAU	DIRECTOR	1.00	Director	$0	$0	$0
STEVE HAMILTON	DIRECTOR	1.00	Director	$0	$0	$0
JIM KINCANNON	DIRECTOR	1.00	Director	$0	$0	$0
JAMES SHOOK	PRESIDENT/TREASURER	1.00	Officer Director	$0	$0	$0
FRANK HOFFMAN	SECRETARY	1.00	Officer	$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	$200,022	$449,017	$9,822,430	$-248,995
2022	$200,027	$567,112	$10,071,425	$-367,085
2021	$200,074	$504,056	$10,438,510	$-303,982
2020	$200,246	$471,923	$10,742,492	$-271,677
2019	$200,774	$536,050	$11,015,157	$-335,276

PHOENIX THEATRE BUILDING CORPORATION