FRIENDS OF THE OHIO THEATRE INC (EIN 853743461) - 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

2020

Legal Domicile

Principal Officer

MICHAEL J BOUSON

Phone

9179699166

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE OHIO THEATRE INC, founded in 2020, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $37K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $17K, a strong 45% operating margin.

Mission

The Friends of the Ohio Theatre is a non profit 501c3 who's mission is to renovate,and restore, the Ohio Theatre in Lima, Ohio. The Ohio Theatre, located at 122 W North Street has been a Lima landmark for nearly one hundred years. Over the years the building has been used as a vaudeville house, a movie palace, a nightclub, and as a special event space. Unfortunately, time has taken it's toll on the building, but thankfully almost all of it's original charm remains. (Even if it requires some refreshing and repairs) The Friends of the Ohio Theatre's mission is to ensure that this grand building remain a part of Lima for years to come.

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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 $37,390

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $37,390

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,650

Other Expenses $20,650

TOTAL EXPENSES $20,650

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,390	$42,860	-0.1%
Expenses	$20,650	$23,192	-0.1%
Net Income	$16,740	$19,668	-0.1%

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

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

N/A

Employees

N/A

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
MICHAEL J BOUSON	President	0.00	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
2024	$37,390	$20,650	$142,661	$16,740
2023	$42,860	$23,192	$125,921	$19,668
2022	$94,226	$3,060	$106,253	$91,166

FRIENDS OF THE OHIO THEATRE INC