Strike Theater Inc
Nonprofit profile at a glance
- EIN
- 811849991
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Minneapolis, MN, USA
- Phone
- 6124409310
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $160,676
- Expenses
- $141,280
- Assets
- $43,127
- Liabilities
- $21,400
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Mike Fotis (President/Director)
People named in this filing
- Mike Fotis (President/Director)
- Andrea Ravich (Treasurer)
- Javier Morillo (Board Member)
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
Strike Theater is dedicated to building a community for original creative works in the Twin Cities.
What it reported doing in 2024
EDUCATION: In 2024 we developed and managed an improvisation program with a student base of over 150 individuals, offering a comprehensive and unique curriculum that catered to all skill levels, from beginner to advanced. We ensured accessibility by providing classes at affordable rates and creating volunteer opportunities for students with financial constraints. We spearheaded a student-focused performance initiative to provide valuable stage experience. We cultivated future educators by offering coaching opportunities for students interested in teaching, while ensuring that all instructors were fairly compensated for their services.
Operating model
- Revenue model
- Earned-program. 69% 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. Total assets are small relative to annual expenses; liquid coverage is unknown and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 100
- Sustainability: 41
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 67.8%; rating input score 68
- Program expense ratio: 77.1%; rating input score 77
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 12.1%; rating input score 62; 62nd percentile among comparable filings
- Total-asset coverage ratio: 0.31; rating input score 26; 26th percentile among comparable filings
- Liabilities to assets ratio: 0.5; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 2.5%; rating input score 24; 24th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 67.8% of revenue deployed · 77.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $109K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- 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.
- High — Sustainability: Total-asset coverage ratio scored 26/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- High — Sustainability: Officer compensation ratio scored 24/100.