SPENCER THEATER FOR THE PERFORMING ARTS INC (EIN 850403693) - 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

1992

Legal Domicile

Principal Officer

RONNIE HEMPHILL

Phone

5753360010

Tax Period

2024-01-01 to 2024-12-31

SPENCER THEATER FOR THE PERFORMING ARTS INC, founded in 1992, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $3.3M left a modest 8% surplus.

Mission

TO ENRICH THE CULTURAL LIVES OF SOUTHCENTRAL NEW MEXICO'S RESIDENTS AND VISTORS. THIS IS ACCOMPLISHED BY THE OPERATION OF A YEAR-ROUND VENUE FOR WORLD CLASS PERFORMANCES IN THEATER, MUSIC AND DANCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,072,265

Program Service Revenue $860,400

Investment Income $632,861

Other Revenue $0

TOTAL REVENUE $3,565,526

Expense Breakdown

Grants Paid $0

Salaries & Benefits $852,888

Fundraising Expenses $158,084

Program Expenses $2,779,057

Other Expenses $2,424,174

TOTAL EXPENSES $3,277,062

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,565,526	$3,287,264	+0.1%
Expenses	$3,277,062	$3,177,236	+0.0%
Net Income	$288,464	$110,028	+1.6%

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

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
CHARLES CENTILLI	EXECUTIVE DI	N/A	Highest	$156,945	$1,883	$158,828
KAREN ARMSTRONG	DIRECTOR	N/A	Director	$0	$0	$0
RONNIE HEMPHILL	TREASURER	N/A	Officer Director	$0	$0	$0
BRUCE MORGAN	DIRECTOR	N/A	Director	$0	$0	$0
SUSANNE O'MALLEY	SECRETARY	N/A	Director	$0	$0	$0
FRANK SAYNER	PRESIDENT	N/A	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
2024	$3,565,526	$3,277,062	$18,545,644	$288,464
2023	$3,287,264	$3,177,236	$18,463,074	$110,028
2022	$2,038,741	$2,860,184	$15,967,969	$-821,443
2022	$2,000,641	$2,860,184	$15,967,968	$-859,543
2021	$2,857,669	$2,078,636	$16,060,098	$779,033
2020	$1,680,079	$1,886,999	$15,145,303	$-206,920
2019	$2,926,284	$3,006,844	$15,508,897	$-80,560
2018	$2,266,334	$2,817,007	$15,586,895	$-550,673

SPENCER THEATER FOR THE PERFORMING ARTS INC