Strand Theatre And Cultural Artsassociation Inc

Strand Theatre maintains stable assets and no officer compensation amidst fluctuating revenues.

EIN: 203948576 · Delaware, OH · NTEE: A61 · Updated: 2026-03-28

$587KRevenue

$1.4MAssets

85/100Mission Score (Excellent)

A61

About Strand Theatre And Cultural Artsassociation Inc

Strand Theatre And Cultural Artsassociation Inc (EIN: 203948576) is a nonprofit organization based in Delaware, OH, classified under NTEE code A61. The organization reported total revenue of $587K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Strand Theatre And Cultural Artsassociation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Strand Theatre And Cultural Artsassociation Inc demonstrates a generally stable financial position, with assets consistently exceeding liabilities over the past decade. While revenue and expenses have fluctuated, the organization has maintained a positive net asset balance. For instance, in 2023, assets were $1,182,568 against liabilities of $205,640. The organization's spending efficiency appears reasonable, with no reported officer compensation, suggesting resources are directed towards operations rather than executive salaries. However, a detailed breakdown of program, administrative, and fundraising expenses is needed for a complete assessment of spending efficiency. The consistent filing of IRS Form 990s over 13 periods indicates a commitment to transparency, providing public access to their financial data.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Strand Theatre And Cultural Artsassociation Inc with a Mission Score of 85 out of 100 (Excellent). 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, Strand Theatre And Cultural Artsassociation Inc 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.

Executive Compensation Analysis

The organization reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is a positive sign for resource allocation.

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 Strand Theatre And Cultural Artsassociation Inc's IRS 990 filings:

Fluctuating revenue year-over-year, which could impact long-term planning if not managed.

Strengths

The following positive indicators were identified for Strand Theatre And Cultural Artsassociation Inc:

Consistent positive net assets, indicating financial health.
No reported officer compensation, suggesting efficient use of funds.
Strong asset growth over the past decade.
Consistent IRS 990 filing history, demonstrating transparency.

Frequently Asked Questions about Strand Theatre And Cultural Artsassociation Inc

Is Strand Theatre And Cultural Artsassociation Inc financially stable?

Yes, the organization appears financially stable, consistently holding assets significantly greater than liabilities. For example, in 2023, assets were $1,182,568 while liabilities were $205,640.

Does Strand Theatre And Cultural Artsassociation Inc pay its officers?

No, the IRS 990 filings consistently report 0% officer compensation, indicating no salaries are paid to its officers.

How has the organization's revenue trended recently?

Revenue has fluctuated in recent years, from a high of $744,905 in 2021 to $445,950 in 2022, and then increasing to $573,932 in 2023.

What is the organization's asset growth like?

The organization has shown consistent asset growth, increasing from $716,618 in 2014 to $1,182,568 in 2023.

Filing History

IRS 990 filing history for Strand Theatre And Cultural Artsassociation Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Strand Theatre And Cultural Artsassociation Inc's revenue has grown by 12.8%, moving from $509K to $574K. Total assets increased by 389.5% over the same period, from $242K to $1.2M. Total functional expenses rose by 22.1%, from $478K to $583K. In its most recent filing year (2023), Strand Theatre And Cultural Artsassociation Inc reported a deficit of $9K, with expenses exceeding revenue. The organization holds $206K in liabilities against $1.2M in assets (debt-to-asset ratio: 17.4%), resulting in net assets of $977K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$574K	$583K	$1.2M	$206K	—	—
2022	$446K	$528K	$1.2M	$192K	—	View 990
2021	$745K	$389K	$1.3M	$186K	—	View 990
2020	$223K	$298K	$920K	$207K	—	View 990
2019	$578K	$621K	$818K	$30K	—	View 990
2018	$678K	$633K	$853K	$25K	—	View 990
2017	$749K	$609K	$852K	$89K	—	View 990
2016	$618K	$670K	$737K	$113K	—	View 990
2015	$801K	$618K	$861K	$185K	—	View 990
2014	$534K	$563K	$717K	$224K	—	View 990
2013	$698K	$596K	$805K	$283K	—	View 990
2012	$897K	$518K	$637K	$218K	—	View 990
2011	$509K	$478K	$242K	$167K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $574K, expenses of $583K, and assets of $1.2M (revenue +28.7% year-over-year).
2022: Revenue of $446K, expenses of $528K, and assets of $1.2M (revenue -40.1% year-over-year).
2021: Revenue of $745K, expenses of $389K, and assets of $1.3M (revenue +234.7% year-over-year).
2020: Revenue of $223K, expenses of $298K, and assets of $920K (revenue -61.5% year-over-year).
2019: Revenue of $578K, expenses of $621K, and assets of $818K (revenue -14.7% year-over-year).
2018: Revenue of $678K, expenses of $633K, and assets of $853K (revenue -9.6% year-over-year).
2017: Revenue of $749K, expenses of $609K, and assets of $852K (revenue +21.3% year-over-year).
2016: Revenue of $618K, expenses of $670K, and assets of $737K (revenue -22.9% year-over-year).
2015: Revenue of $801K, expenses of $618K, and assets of $861K (revenue +50.0% year-over-year).
2014: Revenue of $534K, expenses of $563K, and assets of $717K (revenue -23.5% year-over-year).
2013: Revenue of $698K, expenses of $596K, and assets of $805K (revenue -22.2% year-over-year).
2012: Revenue of $897K, expenses of $518K, and assets of $637K (revenue +76.2% year-over-year).
2011: Revenue of $509K, expenses of $478K, and assets of $242K.

Data Sources and Methodology

This transparency report for Strand Theatre And Cultural Artsassociation Inc 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.