Four Seasons Theatre Company

Nonprofit profile at a glance

EIN
161721140
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-EZ 2022
Location
Madison, WI, USA
Phone
6084384128
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Theater

Reported finances

Revenue
$229,423
Expenses
$255,470
Assets
$7,914
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Thomas Kasdorf (Vice President)
  • Sarah Marty (President/Secretary)

People named in this filing

  • Thomas Kasdorf (Vice President)
  • Zak Wolff (Treasurer)
  • Sarah Marty (President/Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Using musical theatre as a means of engagement, Four Seasons Theatre strives to create a strong organization which provides a consistent, high quality experience for everyone involved onstage, backstage, in the audience, and in the community.

What it reported doing in 2024

SONGS & STORIES Series with three different performances We tell stories not only to entertain, but to reveal ourselvesto explore, to discover, and to share our identities. We use our voices to propel into the air the tale of who we are, the song of where we came from, and the story of how we move through the world. ------ SONGS & STORIES: "Swissconsin" Friday, October 18, 2024 at 7 pm Ruth Marty, the daughter of Swiss immigrants, she grew up singing folk songs while helping her father, a cheesemaker, and playing accordion. Eventually settling in Green County, she worked as a homemaker, raised calves, and managed the books for The Big Farm. Through her 95 years, music has been a source of joy and community. Preshow Talk with Professor Jim Leary, Downhome Dairyland project. Personnel includes Ruth Marty, Sarah Marty, Jim Leary, New Glarus Alphorn Band, Edelweiss All Stars, Fran Anderson, and Tim & Kathy Williams. Goal: Highlight Swiss heritage, culture, and history in southern Wisconsin, provide access to the Overture Center for performers from New Glarus, Wisconsin (population 2,200). Support and highlight elderly performers (age 94 and age 87, respectively). Audience: 215 paid tickets plus 25 comps to volunteers and ushers and 20 free Community tickets. Total: 260 ----- SONGS & STORIES: "Moments of Happiness" Saturday, October 19, 2024 at 2 pm Mike Leckrone, accompanied by a trio of jazz musicians, will offer an afternoon of remembrances, anecdotes, trivia, Badger Band stories, and revelations about his 50 years as Director of the University of Wisconsin Marching Band. A remount of his October 2022 cabaret show, Leckrone returns to the stage to celebrate the University of Wisconsin Press release of his book, co-written with Madison author Doug Moe. Goal: Provide community gathering to celebrate UW-Madison Marching Band history, bring together alumni and fans. Support and highlight an elderly performer (age 88). Audience: Audience: 218 paid tickets plus 25 comps to volunteers and ushers and 20 free Community tickets. Total: 263 ----------------- SONGS & STORIES: "Sirena" Sunday, October 20, 2024 at 6 pm An original story conceived by Filipina artist Leslie Damaso, Sirena is set within new compositions and contemporary arrangements of kundiman songs of love and freedom. Sirena blends a personal story, family secrets, a mythic love triangle ending in the beginning of a nation, the displacement of its people, and an individuals search for identity and belonging. Post-show Talkback with Leslie Damaso. Personnel includes Leslie Damaso and a 7 person band. Goal: Highlight both personal history of artist and history of Phillipines. Highlight interesting musical art form that brings together Filipino art songs with jazz and musical theatre. Provide access for local artists to perform at Overture Center. Audience: 75 paid tickets plus 25 comps to volunteers and ushers and 20 free Community tickets. Total: 120 ----- Additional Note: These three shows were programmed as part of a broader outreach mission -- telling stories that would not normally be heard in our community and supporting performers who would not usually be seen on stage in our community's large Performing Arts Center. These three shows were primarily supported by donations and funds from our reserve rather than ticket sales.

Operating model

Revenue model
Earned-program. 65% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 100
  • Accountability: 64
  • Sustainability: 28
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -11.4%; rating input score 21; 21st percentile among comparable filings
  • Total-asset coverage ratio: 0.03; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: -6% per year; rating input score 0; 15th percentile among comparable filings
  • Revenue growth: 2.1% per year; rating input score 100; 36th percentile among comparable filings
  • Asset growth: 12.8% per year; rating input score 100; 73rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 3 of 3 board members independent · 1 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $202K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 39 of 40 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 5 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Operating margin scored 21/100.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.
  • Moderate — Transparency & Controls: Fund balance restriction sum did not reconcile in the filed values.