MAINSTAGE THEATRE COMPANY

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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

1977

Legal Domicile

Tax Period

2021-01-01 to 2021-12-31

MAINSTAGE THEATRE COMPANY, founded in 1977, is a small nonprofit in the Arts, Culture & Humanities sector that reported $268K in total revenue in fiscal year 2021. Revenue surged 271% from the prior year, signaling strong growth momentum. The organization ran a surplus of $100K, a strong 37% operating margin.

Mission

PROVIDE QUALITY THEATER AND TRAIN ACTORS

Program Service Accomplishments

Program 1

Expenses: $167,767 Revenue: $29,625

THE ACCOMPLISHMENTS WERE IN COMMUNITY THEATER PROJECTS INCLUDING EDUCATION AND PERFORMANCE. CLASSES AND WORKSHOPS WERE OFFERED, SOME GIVING ACADEMIC CREDIT. PERFORMANCES INCLUDE CHILDRENS THEATER...

THE ACCOMPLISHMENTS WERE IN COMMUNITY THEATER PROJECTS INCLUDING EDUCATION AND PERFORMANCE. CLASSES AND WORKSHOPS WERE OFFERED, SOME GIVING ACADEMIC CREDIT. PERFORMANCES INCLUDE CHILDRENS THEATER, MUSICALS, COMEDY, DRAMA, AND ORIGINAL WORKS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $239,783

Program Service Revenue $27,779

Investment Income $135

Other Revenue $0

TOTAL REVENUE $267,697

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,010

Fundraising Expenses $0

Program Expenses $167,767

Other Expenses $132,757

TOTAL EXPENSES $167,767

Year-over-Year Comparison

	2021	2020	Change
Revenue	$267,697	$72,172	+2.7%
Expenses	$167,767	$147,567	+0.1%
Net Income	$99,930	$-75,395	-2.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stew Apelzin	Board Member	0.00	Director	$0	$0	$0
Joe Zingo	Artistic Director	0.00	Director	$0	$0	$0
Erica Jean	BOARD MEMBER	0.00	Director	$0	$0	$0
JAMES ROBERTS III	EXECUTIVE DIRECTOR	40.00	Director	$0	$0	$0
TRUDIE APELZIN	PRESIDENT	10.00	Officer	$0	$0	$0
KATHRYN BOWMAN	SECRETARY	5.00	Officer	$0	$0	$0
JANIS HAYES	TREASURER	5.00	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
2021	$267,697	$167,767	$174,431	$99,930
2020	$72,172	$147,567	$102,026	$-75,395
2019	$324,009	$364,520	$44,633	$-40,511
2018	$304,866	$323,938	$27,735	$-19,072