Silver Line Theatre Exchange Inc
Nonprofit profile at a glance
- EIN
- 861309190
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2022
- Location
- Staunton, VA, USA
- Phone
- 5702382522
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Performing Arts Organizations
Reported finances
- Revenue
- $155,651
- Expenses
- $159,542
- Assets
- $44,441
- Liabilities
- $15,801
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- DYLAN SORGE (PRESIDENT)
People named in this filing
- JEREMY WEST (EXECUTIVE DI)
- DYLAN SORGE (PRESIDENT)
- PHOEBE WEST (VICE PRESIDE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Silver-line theatre exchange is an education-led theatre company offering classes and performance opportunities for students in grades pk-12, and a professional producing body that connects regional professional actors and aspriing artists to performance and teaching work.
What it reported doing in 2024
Silver-line theatre exchange is an education-led theatre company offering classes and performance opportunities for students in grades pk-12, and a professional producing body that connects regional professional actors and aspiring artists to performance and teaching work.
Operating model
- Revenue model
- Earned-program. 60% 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
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 82
- Sustainability: 23
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 60%; rating input score 60
- Program expense ratio: 58.5%; rating input score 59
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -2.5%; rating input score 27; 27th percentile among comparable filings
- Total-asset coverage ratio: 0.28; rating input score 24; 24th percentile among comparable filings
- Liabilities to assets ratio: 0.36; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 18.8%; rating input score 17; 17th percentile among comparable filings
Growth
- Program expense growth: -37.6% per year; rating input score 0; 6th percentile among comparable filings
- Revenue growth: 10.4% per year; rating input score 100; 68th percentile among comparable filings
- Asset growth: 3.1% per year; rating input score 100; 38th percentile among comparable filings
Details
- Where the money goes: 60% of revenue deployed · 58.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $93K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Review — Financial Efficiency: Program expense ratio scored 59/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Operating margin scored 27/100.
- High — Sustainability: Total-asset coverage ratio scored 24/100.
- High — Sustainability: Liabilities to assets ratio scored 13/100.
- High — Sustainability: Officer compensation ratio scored 17/100.