Towne Street Theatre (EIN 954567319) - 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

1993

Legal Domicile

Principal Officer

Nancy Davis

Phone

2137126944

Tax Period

2023-01-01 to 2023-12-31

Towne Street Theatre, founded in 1993, is a small nonprofit in the Arts, Culture & Humanities sector that reported $143K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $124K left a modest 13% surplus.

Mission

Our mission is to provide a home for a diverse group of artists, primarily African American, to be free in their efforts to create and explore theatre without the constraints that are sometimes placed on them due to being against the backdrop of Hollywood. TST is committed to remaining a place where social justice conditions are continually explored, dismantled, and acknowledged because we strongly believe in the healing power of art.

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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 (2023)

Revenue Breakdown

Contributions & Grants $142,715

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $142,715

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,512

Fundraising Expenses $0

Program Expenses $62,063

Other Expenses $73,618

TOTAL EXPENSES $124,130

Year-over-Year Comparison

	2023	2022	Change
Revenue	$142,715	$226,348	-0.4%
Expenses	$124,130	$39,317	+2.2%
Net Income	$18,585	$187,031	-0.9%

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

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
Nancy Davis	Secretary/Treasurer	10.00	Officer Director	$0	$0	$0
Veronica Thompson	President	3.00	Officer Director	$0	$0	$0
Nancy Renee	Vice President	3.00	Officer 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	No data	No data	No data	No data
2023	$142,715	$124,130	$251,991	$18,585
2022	$226,348	$39,317	$234,518	$187,031

Towne Street Theatre