THE DOWNTOWN ARTS THEATER INC

EIN: 842317346 501(c)(3) Arts, Culture & Humanities

WOOSTER, OH

Total Revenue
$1,041,461
Total Expenses
$113,387
Total Assets
$1,429,283
Net Assets
$1,377,854
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
OH
Principal Officer
JEREMY THOMAS
Phone
3302640791
Tax Period
2023-01-01 to 2023-12-31

THE DOWNTOWN ARTS THEATER INC, founded in 2019, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 467% from the prior year, signaling strong growth momentum. The organization ran a surplus of $928K, a strong 89% operating margin.

Mission

TO BRING MOVIES, ARTS AND ENTERTAINMENT TO DOWNTOWN WOOSTER WITH THE MISSION TO ENTERTAIN, EDUCATE AND ENRICH OUR COMMUNITY

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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 $1,036,406
Program Service Revenue $0
Investment Income $4,744
Other Revenue $311
TOTAL REVENUE $1,041,461

Expense Breakdown

Grants Paid $0
Salaries & Benefits $51,346
Fundraising Expenses $623
Program Expenses $72,399
Other Expenses $62,041
TOTAL EXPENSES $113,387

Year-over-Year Comparison

2023 2022 Change
Revenue $1,041,461 $183,815 +4.7%
Expenses $113,387 $73,723 +0.5%
Net Income $928,074 $110,092 +7.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
11
Employees
2
Volunteers
12

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
6
$42,500
Total Directors
13
$42,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREG SHAYA PRESIDENT 10.00
Officer Director
$0 $0 $0
KIM SEAMAN VICE PRESIDENT 6.00
Officer Director
$0 $0 $0
SUZANNE HUSE SECRETARY 6.00
Officer Director
$0 $0 $0
CATHY ROCHE TREASURER 5.00
Officer Director
$0 $0 $0
MATTHEW CAMPBELL BOARD MEMBER 2.00
Director
$0 $0 $0
SANDRA HULL BOARD MEMBER 4.00
Director
$0 $0 $0
CHRISTOPHER BUCHANAN BOARD MEMBER 2.00
Director
$0 $0 $0
JEFF SMITH BOARD MEMBER 2.00
Director
$0 $0 $0
LAURA NEILL BOARD MEMBER 2.00
Director
$0 $0 $0
RODNEY MITCHELL BOARD MEMBER 2.00
Director
$0 $0 $0
GUINEVERE STEENSON BOARD MEMBER 2.00
Director
$0 $0 $0
JEREMY THOMAS MANAGING DIRECTOR 40.00
Officer Director
$22,500 $0 $22,500
CAROLYN ROBINSON PAST EXECUTIVE DIRECTOR 40.00
Officer Director
$20,000 $0 $20,000
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 $1,041,461 $113,387 $1,429,283 $928,074
2022 $183,815 $73,723 $501,168 $110,092
2021 $354,504 $16,371 $390,669 $338,133
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