7TH STREET THEATRE ASSOCIATION

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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

1986

Legal Domicile

Phone

3605377400

Tax Period

2023-01-01 to 2023-12-31

7TH STREET THEATRE ASSOCIATION, founded in 1986, is a small nonprofit in the Arts, Culture & Humanities sector that reported $336K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $119K, a strong 35% operating margin.

Mission

IT IS THE MISSION OF THE 7TH STREET THEATRE ASSOCIATION TO PRESERVE AND RESTORE OUR 1928 ATMOSPHERIC THEATRE; TO PRESENT CONCERTS, FILMS AND OTHER CULTURAL EVENTS; AND TO MAKE THE THEATRE AVAILABLE AS A PERFORMING ARTS CENTER FOR THE PEOPLE OF OUR COMMUNITY AND SURROUNDING AREAS.

Program Service Accomplishments

Program 1

Expenses: $97,660

THE ASSOCIATION IS NOW WORKING ON RESTORING THE EXTERIOR.

Program 2

Expenses: $76,573 Revenue: $41,693

PRESENTATION OF CONCERTS AND MOVIES TO THE GENERAL PUBLIC IN ORDER TO INCREASE AWARENESS OF THE THEATRE AND TO PROVIDE ENTERTAINMENT OPPORTUNITIES TO THE 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $241,235

Program Service Revenue $41,693

Investment Income $3,734

Other Revenue $49,011

TOTAL REVENUE $335,673

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,091

Fundraising Expenses $12

Program Expenses $174,233

Other Expenses $188,538

TOTAL EXPENSES $216,629

Year-over-Year Comparison

	2023	2022	Change
Revenue	$335,673	$297,918	+0.1%
Expenses	$216,629	$186,199	+0.2%
Net Income	$119,044	$111,719	+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

Employees

Volunteers

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

$22,109

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMIE BRAND	PRIOR MANAGER	20.00	Officer	$18,601	$0	$18,601
MEREDITH BULLARD	MANAGER	20.00	Officer	$3,508	$0	$3,508
RAY KAHLER	President	5.00	Officer Director	$0	$0	$0
DAVID AKERS	Secretary	5.00	Officer Director	$0	$0	$0
PAUL MCMILLAN	Director	2.00	Director	$0	$0	$0
MICKEY THURMAN	Vice President	6.00	Officer Director	$0	$0	$0
SCOTT LINDER	Director	2.00	Director	$0	$0	$0
KAT BRYANT	Director	2.00	Director	$0	$0	$0
KYLIE SHEPARD	Director	2.00	Director	$0	$0	$0
SANDIE MULLIKIN	Treasurer	5.00	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	No data	No data	No data	No data
2023	$335,673	$216,629	$1,899,922	$119,044
2022	$297,918	$186,199	$1,780,357	$111,719
2021	$294,955	$139,835	$1,668,884	$155,120
2020	$84,854	$146,826	$1,517,169	$-61,972
2019	$166,001	$172,844	$1,575,303	$-6,843
2018	$214,665	$166,030	$1,582,602	$48,635