CORNERSTONE THEATER COMPANY (EIN 954493498) - 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

1994

Legal Domicile

Principal Officer

MEGAN WANLASS

Phone

2136131700

Tax Period

2024-07-01 to 2025-06-30

CORNERSTONE THEATER COMPANY, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $815K in total revenue in fiscal year 2024. Revenue surged 126% from the prior year, signaling strong growth momentum. The organization ran a surplus of $204K, a strong 25% operating margin.

Mission

CORNERSTONE THEATER COMPANY COLLABORATES WITH COMMUNITIES.CORNERSTONE THEATER COMPANY COLLABORATES WITH COMMUNITIES. OUR WORK REFLECTS COMPLEXITY, DISRUPTS ASSUMPTIONS, WELCOMES DIFFERENCE, AND AMPLIFIES JOY. BY COMBINING THE ARTISTRY OF PEOPLE WITH MANY LEVELS OF THEATRICAL EXPERIENCE, WE ACT UPON THE CONVICTION THAT ARTISTIC EXPRESSION IS CIVIC ENGAGEMENT AND THAT ACCESS TO A CREATIVE FORUM IS ESSENTIAL TO THE WELLNESS AND HEALTH OF EVERY INDIVIDUAL AND 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 $746,574

Program Service Revenue $14,371

Investment Income $53,137

Other Revenue $447

TOTAL REVENUE $814,529

Expense Breakdown

Grants Paid $0

Salaries & Benefits $456,805

Fundraising Expenses $97,923

Program Expenses $356,324

Other Expenses $154,161

TOTAL EXPENSES $610,966

Year-over-Year Comparison

	2024	2023	Change
Revenue	$814,529	$360,392	+1.3%
Expenses	$610,966	$810,427	-0.2%
Net Income	$203,563	$-450,035	-1.5%

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

$238,959

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH KENNEDY	CHAIR	2.00	Officer Director	$0	$0	$0
SARAH LANG	TREASURER	1.00	Officer Director	$0	$0	$0
LEANNA HALLMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARGARET IRWIN	SECRETARY	1.00	Officer Director	$0	$0	$0
TENA YATROUSSIS	DIRECTOR (UNTIL 12/5/24)	1.00	Director	$0	$0	$0
ANNIE YEE	DIRECTOR	1.00	Director	$0	$0	$0
RUTH ALYCE	DIRECTOR	1.00	Director	$0	$0	$0
MELODY KANSCHAT	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW ROWLAND	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN WANLASS	MANAGING DIRECTOR	50.00	Officer	$97,325	$16,231	$113,556
CHARLOTTE BRATHWAITE	CO-ARTISTIC DIRECTOR (UNTIL 01/31/25)	30.00	Officer	$60,607	$3,232	$63,839
SUNDER GANGLANI	CO-ARTISTIC DIRECTOR	30.00	Officer	$61,222	$342	$61,564

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	$814,529	$610,966	$1,779,303	$203,563
2024	No data	No data	No data	No data
2023	$987,524	$1,124,372	$1,901,187	$-136,848
2022	$921,906	$831,447	$2,061,496	$90,459
2021	$1,244,246	$713,874	$2,287,990	$530,372
2020	$1,039,114	$655,927	$1,625,554	$383,187
2019	$1,010,917	$1,183,693	$1,173,963	$-172,776
2018	$791,805	$1,366,000	$1,312,421	$-574,195

CORNERSTONE THEATER COMPANY