Longmont Theatre Company Inc

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Phone

3037725200

Tax Period

2022-07-01 to 2023-06-30

Longmont Theatre Company Inc, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $225K in total revenue in fiscal year 2022. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $324K exceeded revenue, resulting in a 44% operating deficit.

Mission

Longmont Theatre Companys mission is to provide consistently high-quality entertainment with a strong educational component for and by the citizens of the Greater Boulder County area and to successfully manage a self-sufficient performing arts center.

Program Service Accomplishments

Program 1

Expenses: $274,471 Revenue: $143,930

theatrical productions - LONGMONT THEATRE COMPANY IS A 67 YEAR OLD THEATRE COMPANY OWNING AND OPERATING A PERFORMING ARTS CENTER WITH AN ANNUAL LIVE SEASON THEATRICAL STAGE PRODUCTIONS AND A SUMMER...

Program 2

Expenses: $7,822 Revenue: $9,769

Youth Theatre - Longmont Theatre Company also provides an educational youth theatre program for children ages 5 to 18 serving approximately 150 youth each summer. The program includes 8 weeks of...

Youth Theatre - Longmont Theatre Company also provides an educational youth theatre program for children ages 5 to 18 serving approximately 150 youth each summer. The program includes 8 weeks of theatre workshops cumulating in live theatrical stage productions staged and assistant directed by the young participants. The live stage productions are performed for the general public. Youth learn all aspects of theatre by participating as actors, stage managers and assistant directors, light and sound design and management of the technical booth during live productions. Many of these youth go on to perform in the large main stage Christmas production the theatre produces for the holidays, and some continue with the theatre company as adults including becoming members of the board of directors.

Program 3

Expenses: $2,929 Revenue: $5,703

Other Performing Arts - LONGMONT THEATRE COMPANY ENHANCES AND ENCOURAGES OTHER PERFORMING ARTS FOR THE COMMUNITY, PROVIDING ART CINEMA, CONCERTS, AND LITERARY EVENTS IN THE 300-SEAT HISTORIC THEATRE...

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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 (2022)

Revenue Breakdown

Contributions & Grants $64,236

Program Service Revenue $159,402

Investment Income $1,551

Other Revenue $0

TOTAL REVENUE $225,189

Expense Breakdown

Grants Paid $0

Salaries & Benefits $46,582

Fundraising Expenses $22,038

Program Expenses $285,222

Other Expenses $276,991

TOTAL EXPENSES $323,573

Year-over-Year Comparison

	2022	2021	Change
Revenue	$225,189	$179,362	+0.3%
Expenses	$323,573	$226,931	+0.4%
Net Income	$-98,384	$-47,569	+1.1%

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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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

$11,378

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DWAYNE PLUNKETT - part year	Director	2.00	Director	$5,103	$0	$5,103
Pat Payne	Director	2.00	Director	$3,500	$0	$3,500
TANYA DAUGHERTY	Director	4.00	Director	$2,775	$0	$2,775
FAYE LAMB	President	55.00	Officer Director	$0	$0	$0
Kurt Keilbach - part year	Director	2.00	Director	$0	$0	$0
GREG SCHUMANN	Treasurer	25.00	Officer Director	$0	$0	$0
Sara Jo Gates	Secretary	4.00	Officer Director	$0	$0	$0
Peg Bolan - part year	Director	2.00	Director	$0	$0	$0
CHARLES WRIGHT - part year	Director	2.00	Director	$0	$0	$0
Dyarl Anderson	Director	2.00	Director	$0	$0	$0
JUDITH ERNST	Vice President	40.00	Officer 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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$225,189	$323,573	$472,134	$-98,384
2022	$179,362	$226,931	$581,987	$-47,569
2021	$97,146	$109,816	$640,952	$-12,670
2020	$274,222	$250,681	$519,901	$23,541
2019	$243,945	$282,333	$506,937	$-38,388
2018	$299,519	$275,010	$550,862	$24,509