Theatre of Hearts Inc (EIN 954068775) - 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

1987

Legal Domicile

Principal Officer

Sheila Scott-Wilkinson

Phone

2133846878

Tax Period

2024-01-01 to 2024-12-31

Theatre of Hearts Inc, founded in 1987, is a small nonprofit that reported $495K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Net assets of $1.1M represent 26 months of operating reserves.

Mission

Improve lives through the use of the arts.

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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 $328,535

Program Service Revenue $163,421

Investment Income $634

Other Revenue $2,698

TOTAL REVENUE $495,288

Expense Breakdown

Grants Paid $0

Salaries & Benefits $266,369

Fundraising Expenses $18,998

Program Expenses $454,769

Other Expenses $243,706

TOTAL EXPENSES $510,075

Year-over-Year Comparison

	2024	2023	Change
Revenue	$495,288	$628,960	-0.2%
Expenses	$510,075	$469,416	+0.1%
Net Income	$-14,787	$159,544	-1.1%

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

Total Directors

$102,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sheila Scott-Wilkinson	Executive Director Founder	040.00	Director Highest	$102,000	$0	$102,000
Hulya Pekkar	Board Member	001.00	Director	$0	$0	$0
Ian Lawes	Board Vice President	001.00	Officer Director	$0	$0	$0
Marion Dies	Board President	005.00	Officer Director	$0	$0	$0
Pat Prescott	Board Member	001.00	Director	$0	$0	$0
Alexandra Robertson	Board Member	001.00	Director	$0	$0	$0
Matt Phelps	Board Treasurer	001.00	Officer Director	$0	$0	$0
Surisa Rivers	Board Secretary	001.00	Officer Director	$0	$0	$0
Will Alexander	Board Member	001.00	Director	$0	$0	$0
Alitash Kebede	Board Member	001.00	Director	$0	$0	$0
Ina Lynn Joubert Bozley	Board Member	001.00	Director	$0	$0	$0
Wanda Keith	Board Member	001.00	Director	$0	$0	$0
Joanne Webb	Board Member	001.00	Director	$0	$0	$0
Diana Molina	Board Member	001.00	Director	$0	$0	$0
Diane Ward	Board Member	001.00	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
2024	$495,288	$510,075	$1,080,068	$-14,787
2023	$628,960	$469,416	$1,092,476	$159,544
2022	$547,987	$354,371	$935,627	$193,616
2021	$511,826	$302,989	$736,662	$208,837
2020	$350,562	$304,348	$535,488	$46,214
2019	$494,801	$441,175	$481,163	$53,626
2018	$415,884	$366,619	$427,983	$49,265

Theatre of Hearts Inc