The Covey Theater Company Inc (EIN 921414386) - 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

2023

Legal Domicile

Phone

3152785579

Tax Period

2024-01-01 to 2024-12-31

The Covey Theater Company Inc, founded in 2023, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $88K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $76K left a modest 13% surplus.

Mission

Bringing high-quality, diverse, accessible theatre to a broad patron base.

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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 $19,875

Program Service Revenue $67,995

Investment Income $0

Other Revenue $0

TOTAL REVENUE $87,870

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,830

Program Expenses $70,097

Other Expenses $76,184

TOTAL EXPENSES $76,184

Year-over-Year Comparison

	2024	2023	Change
Revenue	$87,870	$63,312	+0.4%
Expenses	$76,184	$42,924	+0.8%
Net Income	$11,686	$20,388	-0.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Garrett Heater	President	6.00	Officer	$0	$0	$0
Michael Penny	Vice President	1.00	Officer	$0	$0	$0
Sara Weiler	Secretary	4.00	Officer	$0	$0	$0
Jodi Bova-Larham	Executive Board Member	0.25	Officer	$0	$0	$0
Tallon Larham	Executive Board Member	0.25	Officer	$0	$0	$0
Annette Adams-Brown	Board Member	0.25	Officer	$0	$0	$0
Bill Albrecht	Board Member	0.25	Officer	$0	$0	$0
Dara Penny	Board Member	0.25	Officer	$0	$0	$0
Jason Ngo	Board Member	0.25	Officer	$0	$0	$0
Leigh A Benz	Board Member	0.25	Officer	$0	$0	$0
Mark Re	Board Member	0.25	Officer	$0	$0	$0
Nancy Pasquale	Board Member	0.25	Officer	$0	$0	$0
Richard Jaeger	Board Member	0.25	Officer	$0	$0	$0
Ryan Santiago	Board Member	0.25	Officer	$0	$0	$0
Sarah Whitehouse	Board Member	0.25	Officer	$0	$0	$0
Taylorann Flurschutz	Board Member	0.25	Officer	$0	$0	$0
Wendy Moy	Board Member	0.25	Officer	$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	$87,870	$76,184	$32,158	$11,686

The Covey Theater Company Inc