The Phoenix Theatre Company and Subsidiary

What it reported doing in 2024

Education: phoenix theatre believes the arts are essential because they build communities in which we are proud to work and live. Foster the hero within, create greater understanding of cultural and political differences and, in an era of simulated virtual gatherings, continue to provide a forum in which the community from all walks of life can gather, live and in-person. Phoenix theatre believes the process of creating theatrical experiences is just as important as the experience itself. Phoenix theatre strives to produce the next generation of people who produce theatrical experiences. Phoenix theatre created a community of artists - from the actor to the prop designer; from the musician to the set builder, and so on. Phoenix theatre is a place where these artists live, create, and learn.(continued on schedule o) the phoenix theatre company's charitable and educational programs enrich lives through the transformative power of the arts by serving individuals of all ages and backgrounds. Through youth theatre classes, summer camps, dance training, and year-round audience learning opportunities, the company nurtures creativity, self-expression, artistic development, and lifelong engagement with theatre. Community-focused initiatives such as backstage experiences, educational workshops, and the richard p. Stahl festival of new american theatre deepen connections between audiences and artists. The signature partners that heal program brings the benefits of improvisation to healthcare and caregiving settings, improving communication and emotional well-being, while community nights ensure that live theatre remains accessible to all through pay-what-you-can performances offered in partnership with local nonprofit organizations. In addition, the company runs a robust apprenticeship program to train the next generation of theatrical technicians.

Financial Efficiency

• Mission deployment rate: 66%; rating input score 66
• Program expense ratio: 84.6%; rating input score 85
• Fundraising efficiency: $17.72 raised per $1 spent on fundraising; rating input score 54; 54th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• 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; 66th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 22.7%; rating input score 84; 84th percentile among comparable filings
• Total-asset coverage ratio: 3.93; rating input score 81; 81st percentile among comparable filings
• Liabilities to assets ratio: 0.33; rating input score 43; 43rd percentile among comparable filings
• Officer compensation ratio: 5.4%; rating input score 47; 47th percentile among comparable filings

Growth

• Program expense growth: 12.2% per year; rating input score 100; 78th percentile among comparable filings
• Revenue growth: 11.1% per year; rating input score 100; 78th percentile among comparable filings
• Asset growth: 13.1% per year; rating input score 100; 76th percentile among comparable filings