NICELY THEATRE GROUP

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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

2020

Legal Domicile

Principal Officer

DAVID CARROLL

Phone

2488850822

Tax Period

2023-01-01 to 2023-12-31

NICELY THEATRE GROUP, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $699K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $796K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PRODUCE AND PERFORM LIVE THEATRE IN DETROIT, MICHIGAN AND ITS SUBURBS. THIS INCLUDES SECURING RIGHTS TO SHOWS, SECURING VENUES, HANDLING AUDITIONS/CASTING, SET DESIGN, LIGHTING DESIGN, MUSIC AND CHOREOGRAPHY, COSTUMING, MARKETING, TICKETS SALES, REHEARSAL, PERFORMANCES AND EVERYTHING ELSE INVOLVED WITH PRODUCING AND PERFORMING LIVE THEATRE. THE SHOWS WILL BE REASONABLY PRICED AND MARKETED TO THE PUBLIC AT LARGE. WE WILL EMPHASIZE RACIAL DIVERSITY IN CASTING. THE GOAL IS TO BRING AFFORDABLE, ENTERTAINING THEATRE TO DETROIT AND ITS SUBURBS, AND TO GIVE ONSTAGE AND OFFSTAGE TALENT THE OPPORTUNITY TO EARN INCOME FROM THEIR CRAFT.

Program Service Accomplishments

Program 1

Expenses: $773,793

THE OBJECTIVE IS TO PROVIDE ARTISTIC ENTERTAINMENT TO THE PUBLIC. ANOTHER OBJECTIVE WAS TO PROVIDE WORK FOR THOSE IN THE THEATRE INDUSTRY, EMPLOYING A DIVERSE GROUP OF PEOPLE. PERFORMANCES WHICH HAVE ALREADY TAKEN PLACE HAVE ATTRACTED 1,000 TO 1,500 "HOUSEHOLDS", WHICH TRANSLATES TO 4,000 TO 5,000 ACTUAL VIEWERS. EMPLOYMENT AND/OR CONTRACT WORK PROVIDED TO OVER 125 DIFFERENT ACTORS, WRITERS, DIRECTORS AND BACKSTAGE CREW.

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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 $587,979

Program Service Revenue $110,879

Investment Income $0

Other Revenue $0

TOTAL REVENUE $698,858

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,312

Fundraising Expenses $0

Program Expenses $773,793

Other Expenses $717,301

TOTAL EXPENSES $795,613

Year-over-Year Comparison

	2023	2022	Change
Revenue	$698,858	$792,995	-0.1%
Expenses	$795,613	$807,024	0.0%
Net Income	$-96,755	$-14,029	+5.9%

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

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

$30,000

Total Directors