Golden Triangle Theatre
Nonprofit profile at a glance
- EIN
- 872372980
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023, Form 990-N 2021
- Location
- Columbus, MS, USA
- Phone
- 2516223906
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Performing Arts Organizations
Reported finances
- Revenue
- $383,686
- Expenses
- $343,625
- Assets
- $146,375
- Liabilities
- $2,225
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- JESSE WADE (VICE PRESIDENT)
- BECKY SCOTT (PRESIDENT)
- GARRETT TORBERT (EXECUTIVE DIRECTOR)
Highest reported compensation
- GARRETT TORBERT (EXECUTIVE DIRECTOR): $25,415 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Golden triangle theatre's mission is to provide a community theatre and outreach and to educate youth in performing arts through singing, acting, and dance. We strive to extend our hand to the youth in the communities of the golden triangle region (east central region of Mississippi including but not limited to clay, lowndes, and oktibbeha counties) by offering educational and performing art opportunities that cultivate a passion for theatre. We provide opportunities for individuals to explore their creativity and collaborate with others while gaining confidence necessary for success.
What it reported doing in 2024
Offering performing art opportunities that cultivate a passion fortheatre. We provide opportunities for individuals to explore theircreativity and collaborate with others while gaining confidencenecessary for success. We produce 16 shows where they demonstrate theirnewly learned theatre capabilities. We had 1,562 talented students andcommunity members participate in our events. There were 7,204 patronsattending our productions.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 92
- Accountability: 84
- Sustainability: 43
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.4%; rating input score 88
- Program expense ratio: 98.8%; rating input score 99
- Fundraising efficiency: $189.02 raised per $1 spent on fundraising; rating input score 91; 91st percentile among comparable filings
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: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 10.4%; rating input score 61; 61st percentile among comparable filings
- Total-asset coverage ratio: 0.43; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 42; 42nd percentile among comparable filings
- Officer compensation ratio: 7.4%; rating input score 31; 31st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 39% per year; rating input score 100; 95th percentile among comparable filings
- Asset growth: 32% per year; rating input score 100; 92nd percentile among comparable filings
Details
- Where the money goes: 88.4% of revenue deployed · 98.8% of spending went to programs
- Governance: 5 of 5 board members independent · 5 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $339K in reported program spending
- Leadership: top reported pay $25K · 6 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Sustainability: Total-asset coverage ratio scored 21/100.
- Moderate — Sustainability: Officer compensation ratio scored 31/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 42/100.