HISTORIC ELSINORE THEATRE INC (EIN 930776334) - 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

1980

Legal Domicile

Principal Officer

TOM FOHN

Phone

5033753574

Tax Period

2024-07-01 to 2025-06-30

HISTORIC ELSINORE THEATRE INC, founded in 1980, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.5M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $834K, a strong 18% operating margin.

Mission

TO PROMOTE AND DEVELOP CULTURAL (ACTIVITIES) EXPERIENCES IN OUR 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 (2024)

Revenue Breakdown

Contributions & Grants $1,149,113

Program Service Revenue $3,106,103

Investment Income $65,133

Other Revenue $218,784

TOTAL REVENUE $4,539,133

Expense Breakdown

Grants Paid $0

Salaries & Benefits $692,061

Fundraising Expenses $15,248

Program Expenses $3,178,582

Other Expenses $3,013,011

TOTAL EXPENSES $3,705,072

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,539,133	$3,451,112	+0.3%
Expenses	$3,705,072	$3,330,899	+0.1%
Net Income	$834,061	$120,213	+5.9%

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

127

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
MIKE FORSEE	TREASURER	1.00	Officer Director	$0	$0	$0
ERIK ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
RIC LINARES	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PATRICK CARNEY	DIRECTOR	1.00	Director	$0	$0	$0
ANNEMARIE DUFAULT	PRESIDENT	1.00	Officer Director	$0	$0	$0
RANDY COOK	SECRETARY	1.00	Officer Director	$0	$0	$0
LISA PLECHL PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PETRIE	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	$4,539,133	$3,705,072	$4,875,811	$834,061
2024	$3,451,112	$3,330,899	$4,003,311	$120,213
2023	$2,624,909	$2,489,673	$3,855,391	$135,236
2022	$2,416,432	$1,355,753	$3,643,252	$1,060,679
2021	$588,311	$601,708	$2,700,397	$-13,397
2020	$1,245,094	$1,501,594	$2,703,787	$-256,500
2019	$2,088,510	$2,152,955	$2,938,688	$-64,445

HISTORIC ELSINORE THEATRE INC