The Tivoli Theatre Foundation Inc

Overview

Mission

The corporation shall, by itself or in affiliation with other entities, own, hold, lease, operate, maintain, renovate, and improve certain real property known as the tivoli theatre, the soldiers & sailors memorial auditorium, including the robert kirk walker community theatre, and the tivoli center (collectively, the "venues") located in chattanooga, Tennessee, in order to (a) to provide performing arts venues for the community and other entities and individuals for artistic and educational activities; (b) to preserve and restore the venues as historical landmarks, if appropriate; (c) to lease the tivoli center (or parts thereof) to third parties and other charitable organizations in support of the corporation's mission; and (d) to provide the general public with a greater awareness, appreciation, and understanding of the theatrical and performing arts.

Operating model

Revenue model

Earned-program. 78% 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.

• Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

• Financial Efficiency: 83
• Transparency & Controls: 75
• Accountability: 95
• Sustainability: 70
• Growth: 100

Detailed rating inputs

Details

• Where the money goes: 82.7% of revenue deployed · 95.8% of spending went to programs
• Governance: 23 of 23 board members independent · 8 of 9 filing controls reported
• Programs: 1 filed program accomplishment · $15.6M in reported program spending
• Leadership: top reported pay $320K · 27 people listed · 1 of 6 pay-setting controls reported
• Highest-paid contractors: 5 contractors listed · $3.1M reported
• Consistency: 38 of 38 current checks pass
• Schedules: 10 filed schedules · includes major donors, grants, and executive pay
• Filing history: 5 filing years from 2019 to 2024
• Contacts: How to reach this organization
• Money network: 5 filed money-flow records
• Related organizations: 4 filed related-organization links
• 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.
• Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

• Moderate — Financial Efficiency: Fundraising efficiency scored 42/100.
• Review — Accountability: Governance controls: Other executive compensation review process not reported.
• Moderate — Sustainability: Officer compensation ratio scored 45/100.
• Review — Sustainability: Liabilities to assets ratio scored 59/100.