The Plaza Theatre Inc
Nonprofit profile at a glance
- EIN
- 760319276
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Wharton, TX, USA
- Phone
- 9792822226
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Performing Arts Organizations
Reported finances
- Revenue
- $235,289
- Expenses
- $374,733
- Assets
- $2,021,148
- Liabilities
- $313,504
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- HENRI ANN NORTMAN (PRESIDENT)
People named in this filing
- HENRI ANN NORTMAN (PRESIDENT)
- KENNETH SOCHA (VP/OPERATION)
- QUINN WRENCH (VP/OPERATION)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization maintains a regional iconic performance building in downtown warton, tx which was originally built circa 1904. The building has historically been used for community activities and entertainment, and the plaza theatre continues the tradition of providing live entertainment for wharton county and the surrounding area. Emphasis is placed on the restoration of the building to its original appearance, thus preserving some of the history of wharton county. The organization, long with bringing live cultural entertainmeent inside the building, takes the opportunity at each performance to educate the publiic about the historical significance of the plaza theatre and surrounding buildings on the courthouse square in downtown wharton, tx.
What it reported doing in 2024
Several live plays, musicals, community theatre events, and special performances are held each year at the plaza. Net revenues generated by the productions are used for the continuing project of restoring the historical plaza theatre building in which the productions are presented. A portion of the net revenues are also used to fund future productions.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 90
- Accountability: 76
- Sustainability: 36
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 94%; rating input score 94
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -59.3%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 5.39; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: 0.16; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 19.2% per year; rating input score 100; 83rd percentile among comparable filings
- Revenue growth: 3.7% per year; rating input score 100; 45th percentile among comparable filings
- Asset growth: 7.3% per year; rating input score 100; 57th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 94% of spending went to programs
- Governance: 14 of 14 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $352K in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 4 filed schedules
- Filing history: 5 filing years from 2009 to 2024
- Contacts: How to reach this organization
- 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.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Sustainability: Operating margin scored 4/100.
- High — Sustainability: Liabilities to assets ratio scored 22/100.