Theatrikos Theatre Company
Nonprofit profile at a glance
- EIN
- 237245174
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024, Form 990-EZ 2013
- Location
- Flagstaff, AZ, USA
- Phone
- 9287741662
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Theater
Reported finances
- Revenue
- $459,854
- Expenses
- $424,703
- Assets
- $408,229
- Liabilities
- $28,928
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- BRUCE FOX (President)
- SANDI FLORES (Vice President)
Highest reported compensation
- Christopher D Verrill (Executive Dir.): $41,426 total reported compensation
- Joseph Maniglia (EDUCATION DIRECTOR): $38,720 total reported compensation
- Mark Olson (Interi Exec Dir): $5,225 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To be a leading arts organization in Northern Arizona, offering high-quality live theatrical productions and educational opportunities, utilizing a diverse base of talent which represents and reflects the community at large.
What it reported doing in 2024
COMMUNITY BASED THEATRETheatrikos Theatre Company seeks to bring both the very best of live theatre to the Flagstaff stage and to provide outstanding theater education for youngsters through our Theatrikds program. Although like many theaters, Theatrikos experienced drastic attendance reductions during the most severe Covid years of 2020 and 2021, unlike many community theater companies that closed their doors, Theatrikos survived through a combinaation of extreme frugality and innovative programming. Our attendance has grown since 2021, and in 2024, we averaged 73% capacity attendance for our season. These shows also exhibtited strong production values and laid the groundwork for an even more successful 2025 season. Our Theatrikids program also reached near capacity in 2024, including adding an additional performance camp over the December Holiday break. We believe--and the numbers support--that Theatikos is poised for strong and sustained growth, anchored by a dedicated corps of volunteers, increased donorship, and excellent leadership.
Operating model
- Revenue model
- Other-operating. 75% of the money available for current operations came from other operating 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
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: 84
- Transparency & Controls: 92
- Accountability: 84
- Sustainability: 43
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.7%; rating input score 81
- Program expense ratio: 86.9%; rating input score 87
- Fundraising efficiency: $161.91 raised per $1 spent on fundraising; rating input score 90; 90th percentile among comparable filings
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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 7.6%; rating input score 56; 56th percentile among comparable filings
- Total-asset coverage ratio: 0.96; rating input score 39; 39th percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 20.1%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: 8.1% per year; rating input score 100; 64th percentile among comparable filings
- Revenue growth: 7.1% per year; rating input score 100; 62nd percentile among comparable filings
- Asset growth: 16.4% per year; rating input score 100; 80th percentile among comparable filings
Details
- Where the money goes: 80.7% of revenue deployed · 86.9% of spending went to programs
- Governance: 10 of 10 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $369K in reported program spending
- Leadership: top reported pay $41K · 15 people listed
- Consistency: 25 of 25 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 10 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- 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.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- Review — Sustainability: Operating margin scored 56/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
- High — Sustainability: Officer compensation ratio scored 19/100.
- High — Sustainability: Liabilities to assets ratio scored 29/100.