Salt Lake Acting Company

What it reported doing in 2024

Salt lake acting company (slac) is a locally sourced, nationally recognized theatre serving salt lake county and the greater wasatch front. At slac, each play is an adventure. Since 1970, slac has been producing seasons of cutting-edge, thought-provoking, innovative productions that wouldn't be seen by Utah audiences if not for slac. We present a season of four to six world and regional premieres. Slac is a unique cornerstone of our artistic community and is an established home for artists and playwrights. Beyond the stage, we fulfill our mission to engage and enrich community through brave, contemporary theatre through our arts education and new play development programs, partnerships, and unsurpassed customer service.slac exists to serve our community. Our arts education, new play development, accessibility, and community outreach programs extend our reach far beyond the stage. We are an established artistic home for playwrights, and we give local artists a reason to stay in Utah. We partner with local community organizations alongside each play we produce, helping to further their missions and connecting them with our audience. Each december, we host over 2,000 title i students for vibrant musicals based on children's books, promoting literacy and showing them life's possibilities. We mentor students and early-career artists through the professional theatre program for emerging artists, provide free resources, rehearsal, and performance space to local organizations and artists, develop scripts and contribute to american theatre through the new play sounding series, and employ over 150 artists annually.salt lake acting company invites, embraces, and nurtures the identities and perspectives of those who aspire to belong to the theatre. We offer a suite of accessible performances during the run of each show, including asl interpretation and open captions, audio descriptions, and sensory-friendly performances for those with autism and other sensory sensitivities. We continually seek ways to remove barriers and become ever more accessible.

Financial Efficiency

• Mission deployment rate: 99.4%; rating input score 99
• Program expense ratio: 80.8%; rating input score 81
• Fundraising efficiency: $6.87 raised per $1 spent on fundraising; rating input score 26; 26th percentile among comparable filings

Transparency & Controls

• Consistency checks: 92.3%; rating input score 92; 16th 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: 6 of 8 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • 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: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -13.9%; rating input score 13; 13th percentile among comparable filings
• Total-asset coverage ratio: 1.66; rating input score 59; 59th percentile among comparable filings
• Liabilities to assets ratio: 0.1; rating input score 42; 42nd percentile among comparable filings
• Officer compensation ratio: 5.7%; rating input score 51; 51st percentile among comparable filings

Growth

• Program expense growth: 0.9% per year; rating input score 100; 21st percentile among comparable filings
• Revenue growth: 1.9% per year; rating input score 100; 24th percentile among comparable filings
• Asset growth: 7.5% per year; rating input score 100; 50th percentile among comparable filings