Trinity Repertory Company

Nonprofit profile at a glance

EIN
222547262
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Providence, RI, USA
Phone
4015211100
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Theater

Official website

Reported finances

Revenue
$14,470,235
Expenses
$9,341,764
Assets
$24,506,703
Liabilities
$2,041,701

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

34 people listed

Executive titles in this filing

  • Katie Liberman (Executive Director)

Highest reported compensation

  • Katie Liberman (Executive Director): $243,595 total reported compensation
  • Curt Columbus (Artistic Director): $227,155 total reported compensation
  • Stephen Thorne (ACTING COMPANY/BOARD MEMBER): $14,683 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 reinvent the public square with dramatic art that stimulates, educates and engages our diverse community in a continuing dialogue through stage productions, a resident acting company, graduate training programs, lifelong learning and k-12 education programs.

What it reported doing in 2024

During the 2024-25 year, Trinity Repertory Company, the State Theater of Rhode Island, produced a six-play season. The season opened in September 2024 with two productions running in rotating repertory: "POTUS: Or, Behind Every Great Dumbass Are Seven Women Trying to Keep Him Alive", by Selina Fillinger directed by Artistic Director Curt Columbus and "Ms. Holmes & Ms. Watson - APT 2B" by Kate Hamill directed by Laura Kepley. These plays were followed by our beloved annual reimagining of "A CHRISTMAS CAROL" directed by Resident Company Member Tatyana Marie Carlo, which was staged off-site at the Providence Performing Arts Center to allow our Chace theater to be prepared for renovation. The winter and spring featured the following two productions as a part of our main stage subscription series: the world premiere commission of "Someone Will Remember Us" by Resident Company Members Deborah Salem Smith and Charlie Thurston based on documentary interviews with Rhode Island veterans of the Iraq War directed by Christopher Windom and "La Tempestad - The Tempest" by William Shakespeare, adapted and translated by Orlando Hernndez, Tatyana-Marie Carlo, and Leandro "Kufa" Castro, directed by Christie Vela presented in English and Spanish, with subtitles for both languages. The season closed with a moving production of "Blues for an Alabama Sky" by Pearl Cleage, directed by Resident Company member Jackie Davis. All subscription performances were completed in Trinity Rep's smaller performance venue - The Dowling Theater as the organization prepared for a major theater renovation.

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

The verdict

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 89
  • Accountability: 98
  • Sustainability: 78
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 55.7%; rating input score 56
  • Program expense ratio: 82.4%; rating input score 82
  • Fundraising efficiency: $16.58 raised per $1 spent on fundraising; rating input score 52; 52nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • 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: 97%; rating input score 97; 31st percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 35.4%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 2.62; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 5.2%; rating input score 49; 49th percentile among comparable filings

Growth

  • Program expense growth: -0% per year; rating input score 0; 11th percentile among comparable filings
  • Revenue growth: 3.1% per year; rating input score 100; 27th percentile among comparable filings
  • Asset growth: 5.5% per year; rating input score 100; 39th percentile among comparable filings

Details

  • Where the money goes: 55.7% of revenue deployed · 82.4% of spending went to programs
  • Governance: 32 of 33 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $7.7M in reported program spending
  • Leadership: top reported pay $244K · 34 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2M reported
  • Consistency: 38 of 38 current checks pass
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 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 — Financial Efficiency: Mission deployment rate scored 56/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 52/100.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 49/100.