Southern Colorado Theatre Company
Southern Colorado Theatre Company faces significant financial challenges with a large deficit and surging liabilities in its latest fiscal year.
EIN: 200042504 · Pueblo, CO · NTEE: A65 · Updated: 2026-03-28
Is Southern Colorado Theatre Company Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Southern Colorado Theatre Company directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Southern Colorado Theatre Company
Southern Colorado Theatre Company (EIN: 200042504) is a nonprofit organization based in Pueblo, CO, classified under NTEE code A65. The organization reported total revenue of $785K and total assets of $302K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southern Colorado Theatre Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southern Colorado Theatre Company is a small nonprofit that has been operating for 7 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 30.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $841K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-234,726 |
| Total Assets | $209K |
| Total Liabilities | $1K |
| Net Assets | $208K |
| Operating Margin | -27.9% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 2.3 months |
Financial Health Grade: C
In 2023, Southern Colorado Theatre Company reported a deficit of $235K with expenses exceeding revenue, holds 2.3 months of operating reserves (limited), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Southern Colorado Theatre Company's revenue has grown at a compound annual growth rate (CAGR) of 30.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.5% | +98.3% | -52.9% |
| 2022 | +74.4% | +25.5% | +166.6% |
| 2021 | +86.0% | +57.1% | +28.1% |
| 2020 | -38.0% | -32.0% | +40.9% |
| 2019 | +16.8% | +14.3% | +17.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Southern Colorado Theatre Company with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Southern Colorado Theatre Company allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $235K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly unusual for an organization of this revenue size and suggests a volunteer-led or very lean leadership structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Southern Colorado Theatre Company's IRS 990 filings:
- Significant deficit in the latest fiscal year (202312) with expenses exceeding revenue by $234,726.
- Dramatic increase in liabilities from $1,587 in 2022 to $1,367,000 in 2023.
- Substantial decrease in assets from $444,021 in 2022 to $209,075 in 2023.
- Volatile financial performance with large swings in revenue and expenses year-over-year.
Strengths
The following positive indicators were identified for Southern Colorado Theatre Company:
- Consistent reporting of 0% officer compensation, indicating a commitment to minimizing executive overhead.
- Demonstrated revenue growth over the past decade, from $158,559 in 2014 to $841,395 in 2023.
- History of consistent IRS 990 filings (14 filings), indicating good transparency.
- Asset base has grown significantly over the long term, from $57,683 in 2015 to $209,075 in 2023, despite recent decline.
Frequently Asked Questions about Southern Colorado Theatre Company
Is Southern Colorado Theatre Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Southern Colorado Theatre Company (EIN: 200042504) some concerns. Mission Score: 65/100. 4 red flags identified, 4 strengths noted.
How does Southern Colorado Theatre Company spend its money?
Southern Colorado Theatre Company directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Southern Colorado Theatre Company tax-deductible?
Southern Colorado Theatre Company is registered as a tax-exempt nonprofit (EIN: 200042504). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant increase in liabilities to $1,367,000 in 2023?
The IRS 990 data indicates a dramatic increase in liabilities from $1,587 in 2022 to $1,367,000 in 2023. This could be due to new debt, capital expenditures, or other financial obligations not immediately clear from the summary data.
How does the organization plan to address the $234,726 deficit reported in 2023?
In 2023, expenses ($1,076,121) significantly exceeded revenue ($841,395), resulting in a deficit. The organization would need to outline strategies for revenue generation or expense reduction to return to financial stability.
What is the long-term sustainability plan given the volatile financial performance?
The organization has experienced periods of both surplus and significant deficit. A clear long-term financial plan is crucial to ensure its ability to continue its mission, especially after the recent financial downturn.
Filing History
IRS 990 filing history for Southern Colorado Theatre Company showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Southern Colorado Theatre Company's revenue has grown by 2918.2%, moving from $28K to $841K. Total assets increased by 2071.3% over the same period, from $10K to $209K. Total functional expenses rose by 5012.9%, from $21K to $1.1M. In its most recent filing year (2023), Southern Colorado Theatre Company reported a deficit of $235K, with expenses exceeding revenue. The organization holds $1K in liabilities against $209K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $208K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $841K | $1.1M | $209K | $1K | — | — |
| 2022 | $854K | $543K | $444K | $2K | — | — |
| 2021 | $490K | $433K | $167K | $35K | — | View 990 |
| 2020 | $263K | $275K | $130K | $56K | — | — |
| 2019 | $425K | $405K | $92K | $6K | — | View 990 |
| 2018 | $364K | $355K | $79K | $12K | — | — |
| 2017 | $329K | $312K | $73K | $15K | — | — |
| 2016 | $303K | $294K | $66K | $26K | — | — |
| 2015 | $239K | $210K | $58K | $26K | — | — |
| 2014 | $159K | $174K | $59K | $56K | — | View 990 |
| 2013 | $94K | $98K | $52K | $31K | — | View 990 |
| 2012 | $83K | $72K | $26K | $0 | — | View 990 |
| 2011 | $63K | $58K | $15K | $0 | — | View 990 |
| 2010 | $28K | $21K | $10K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $841K, expenses of $1.1M, and assets of $209K (revenue -1.5% year-over-year).
- 2022: Revenue of $854K, expenses of $543K, and assets of $444K (revenue +74.4% year-over-year).
- 2021: Revenue of $490K, expenses of $433K, and assets of $167K (revenue +86.0% year-over-year).
- 2020: Revenue of $263K, expenses of $275K, and assets of $130K (revenue -38.0% year-over-year).
- 2019: Revenue of $425K, expenses of $405K, and assets of $92K (revenue +16.8% year-over-year).
- 2018: Revenue of $364K, expenses of $355K, and assets of $79K (revenue +10.6% year-over-year).
- 2017: Revenue of $329K, expenses of $312K, and assets of $73K (revenue +8.7% year-over-year).
- 2016: Revenue of $303K, expenses of $294K, and assets of $66K (revenue +26.7% year-over-year).
- 2015: Revenue of $239K, expenses of $210K, and assets of $58K (revenue +50.7% year-over-year).
- 2014: Revenue of $159K, expenses of $174K, and assets of $59K (revenue +69.5% year-over-year).
- 2013: Revenue of $94K, expenses of $98K, and assets of $52K (revenue +12.6% year-over-year).
- 2012: Revenue of $83K, expenses of $72K, and assets of $26K (revenue +31.6% year-over-year).
- 2011: Revenue of $63K, expenses of $58K, and assets of $15K (revenue +126.5% year-over-year).
- 2010: Revenue of $28K, expenses of $21K, and assets of $10K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southern Colorado Theatre Company:
Data Sources and Methodology
This transparency report for Southern Colorado Theatre Company is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.