Indianapolis Black Theater Company… - Form 990 Financial Data

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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

2024

Legal Domicile

Principal Officer

Idella Gates

Tax Period

2025-01-01 to 2025-12-31

Indianapolis Black Theater Company Inc, founded in 2024, is a small nonprofit in the Arts, Culture & Humanities sector that reported $501K in total revenue in fiscal year 2025. Revenue surged 212% from the prior year, signaling strong growth momentum.

Mission

The organization's mission is to work to culturally enrich the community of Indianapolis and surrounding locations by producing contemporary narratives of Black Americans and their experiences. Additionally, the Corporation shall foster growth and assist in the support and advancement of Black professionals in the art and entertainment industry.

Program Service Accomplishments

Program 1

Expenses: $532,346

During 2025, Indianapolis Black Theater Company, Inc. put on an array of successful productions, including: 2025 Indy Black Solo Fest ("Ain't No Mo" by Jordon E. Cooper; "The Mountaintop" by Katori Hall; "God Barber of 49th St" by Jamaal McCray (Black Box Initiative), Butter Partnership Event, and the 2025 Indianapolis Black Theater Showcase.

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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 (2025)

Revenue Breakdown

Contributions & Grants $500,749

Program Service Revenue $0

Investment Income $329

Other Revenue $0

TOTAL REVENUE $501,078

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,877

Fundraising Expenses $0

Program Expenses $532,346

Other Expenses $525,469

TOTAL EXPENSES $532,346

Year-over-Year Comparison

	2025	2024	Change
Revenue	$501,078	$160,557	+2.1%
Expenses	$532,346	$115,727	+3.6%
Net Income	$-31,268	$44,830	-1.7%

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

N/A

Employees

Volunteers

N/A

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
Karen Dace	Trustee	4.00	Director	$0	$0	$0
Shonda Gladden	Trustee	4.00	Director	$0	$0	$0
Leon Williamson	Trustee	4.00	Director	$0	$0	$0
Stephen Farris	President	4.00	Officer	$0	$0	$0
Idella Gates	Treasurer	4.00	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
2025	$501,078	$532,346	$34,751	$-31,268

Indianapolis Black Theater Company Inc