ALBUQUERQUE LITTLE THEATRE

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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

1931

Legal Domicile

Principal Officer

KATIE SNAPP

Phone

5052424750

Tax Period

2023-07-01 to 2024-06-30

ALBUQUERQUE LITTLE THEATRE, founded in 1931, is a small nonprofit in the Arts, Culture & Humanities sector that reported $593K in total revenue in fiscal year 2023. Revenue surged 66% from the prior year, signaling strong growth momentum. Expenses of $746K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO CULTIVATE APPRECIATION OF THE THEATRE ARTS THROUGH ACTIVE PARTICIPATION IN FULLY-STAGED PRODUCTIONS, AND TO NURTURE ASPIRING TALENT THROUGH INNOVATIVE EDUCATIONAL PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $667,712 Revenue: $503,583

ALBUQUERQUE LITTLE THEATRE (ALT) WAS FOUNDED IN 1930 AND CURRENTLY PRODUCES SEVEN PRODUCTIONS A SEASON, IN A COMBINATION OF FULL-SCALE BROADWAY MUSICALS AND IMPORTANT NON-MUSICAL COMEDIES AND DRAMAS. EACH PRODUCTION RUNS FOR THREE OR FOUR WEEKS. A SMALL PROFESSIONAL STAFF HOSTS HUNDREDS OF VOLUNTEER ACTORS AND CRAFTSMEN EACH YEAR, THAT ARE BOTH EXPERIENCED AND JUST BEGINNING, AND OFFERS OPPORTUNITIES TO DISCOVER THE JOYS AND BENEFITS OF LIVE THEATRICAL PERFORMANCE. IN ADDITION, ALT OFFERS EDUCATIONAL CLASSES FOCUSING PRIMARILY ON YOUNGER STUDENTS, BUT INCLUDING OPPORTUNITIES FOR ALL AGES AND LEVELS OF INTEREST. ALT PLAYS AN IMPORTANT ROLL IN THE CULTURAL GROWTH AND WELL-BEING OF OUR COMMUNITY. OVER 85% OF OUR OPERATIONAL EXPENSES ARE COVERED BY OUR EARNED INCOME FROM TICKET SALES, CLASSES AND MERCHANDISING. DONATIONS FROM THE PUBLIC HELP MAINTAIN OUR 80 YEAR OLD, 500 SEAT FACILITY, AS WELL AS HELP TO KEEP OUR TICKET PRICES AFFORDABLE, MAKE CLASS SCHOLARSHIPS AVAILABLE AND HELP WITH SPECIAL PROJECTS. ALT OFFERS OPPORTUNITIES FOR THEATRE PROFESSIONALS AND TEACHERS TO EARN AN INCOME IN THEIR OWN COMMUNITY IN THEIR CHOSEN FIELDS WITHOUT HAVING TO LEAVE THE STATE OF NEW MEXICO.

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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 $63,173

Program Service Revenue $503,583

Investment Income $249

Other Revenue $26,382

TOTAL REVENUE $593,387

Expense Breakdown

Grants Paid $0

Salaries & Benefits $414,653

Fundraising Expenses $18,736

Program Expenses $667,712

Other Expenses $331,616

TOTAL EXPENSES $746,269

Year-over-Year Comparison

	2023	2022	Change
Revenue	$593,387	$357,623	+0.7%
Expenses	$746,269	$752,903	0.0%
Net Income	$-152,882	$-395,280	-0.6%

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

150

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

$83,564

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HENRY AVERY	EX. DIRECTOR	40.00	Officer	$83,564	$0	$83,564
ROBERT MARTIN	EXECUTIVE DI	40.00	Officer	$0	$0	$0
PAULA STEIN	PRESIDENT	5.00	Officer Director	$0	$0	$0
ROBERT L HAYES	TREASURER	1.00	Officer Director	$0	$0	$0
JOCELYN CASTILLO	SECRETARY	1.00	Officer Director	$0	$0	$0
MOLLY BACHECHI	DIRECTOR	1.00	Director	$0	$0	$0
WALLY DRANGMEISTER	DIRECTOR	1.00	Director	$0	$0	$0
TRUDY JONES	DIRECTOR	1.00	Director	$0	$0	$0
JUDITH MEAD	DIRECTOR	1.00	Director	$0	$0	$0
LARRY MILES	DIRECTOR	1.00	Director	$0	$0	$0
KATIE SNAPP	DIRECTOR	1.00	Director	$0	$0	$0
CHARLOTTE WALTON	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA WEST	DIRECTOR	1.00	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	$593,387	$746,269	$1,255,416	$-152,882
2023	$357,623	$752,903	$1,337,951	$-395,280
2022	$1,162,309	$756,587	$1,738,665	$405,722
2021	$465,160	$503,707	$1,360,128	$-38,547
2020	$859,750	$749,541	$1,413,234	$110,209
2019	$884,374	$765,224	$1,423,686	$119,150