Triad Stage Inc

Nonprofit profile at a glance

EIN
621743981
IRS 990 coverage
2009–2022
Forms available
Form 990 2022, Form 990-T 2021
Location
Greensboro, NC, USA
Phone
3362744658
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Theater

Official website

Reported finances

Revenue
$718,180
Expenses
$1,289,316
Assets
$1,925,590
Liabilities
$947,909

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • KATHLEEN HOLLAND (EXECUTIVE DIRECTOR)

Highest reported compensation

  • KATHLEEN HOLLAND (EXECUTIVE DIRECTOR): $17,423 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Triad stage, inc. Is a professional theatre company dedicated to strengthening the community and delighting audiences by providing a place where people from all economic, social, and ethnic backgrounds can come together to share a common experience through the arts.

What it reported doing in 2022

Triad stage, inc. Is a professional theatre company dedicated to strengthening the community and delighting audiences by providing a place where people from all economic, social, and ethnic backgrounds can come together to share a common experience through the arts. On june 20, 2023, triad stage announced that it was ceasing operations.

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

SUPPORTED - 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 fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 92
  • Accountability: 79
  • Sustainability: 26
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 61.8%; rating input score 62
  • Fundraising efficiency: $9.69 raised per $1 spent on fundraising; rating input score 36; 36th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • 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: -79.5%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 1.49; rating input score 55; 55th percentile among comparable filings
  • Liabilities to assets ratio: 0.49; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 1.4%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: -9.8% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -5.4% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -5% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 61.8% of spending went to programs
  • Governance: 12 of 12 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $796K in reported program spending
  • Leadership: top reported pay $17K · 15 people listed
  • Consistency: 36 of 36 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 13 filing years from 2009 to 2022
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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: 3 of 7 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 36/100.
  • High — Sustainability: Operating margin scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 55/100.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.