Studio Theatre Worcester Inc

Nonprofit profile at a glance

EIN
824747202
IRS 990-EZ coverage
2021–2024
Forms available
Form 990-EZ 2024, Form 990-N 2020
Location
Worcester, MA, USA
Phone
5085560576
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$46,406
Expenses
$36,068
Assets
$27,279
Liabilities
$7,655

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

Leadership & pay

11 people listed

Executive titles in this filing

  • John Wayland Somers (President/Co-Artistic Director)

People named in this filing

  • John Wayland Somers (President/Co-Artistic Director)
  • Lydia Cochran (Treasurer/Co-Artistic Director)
  • David Plante (Clerk/Director)

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

Studio Theatre Worcester is committed to a differentiated, professional theatre experience that reflects the diversity and vibrancy of Worcester communities. Our high quality, theatrical productions and education programs inspire and challenge our audiences while providing compensated opportunities for artists.

What it reported doing in 2024

This past fiscal year, Studio Theatre Worcester produced 1 full-scale production, participated in the Boston Theatre Marathon, and developed a new play in a workshop that led to a staged reading of the new work.

Operating model

Revenue model
Donor-supported. 82% of the money available for current operations came from contributions and gifts.
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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 82
  • Sustainability: 49
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 65.4%; rating input score 65
  • Program expense ratio: 84.2%; rating input score 84

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 22.3%; rating input score 75; 75th percentile among comparable filings
  • Total-asset coverage ratio: 0.76; rating input score 39; 39th percentile among comparable filings
  • Liabilities to assets ratio: 0.28; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 3.7%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: -6.5% per year; rating input score 0; 33rd percentile among comparable filings
  • Revenue growth: -10.5% per year; rating input score 0; 23rd percentile among comparable filings
  • Asset growth: -11.8% per year; rating input score 0; 15th percentile among comparable filings

Details

  • Where the money goes: 65.4% of revenue deployed · 84.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $30K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 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 — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.
  • High — Sustainability: Officer compensation ratio scored 11/100.