CITY THEATER ASSOCIATES INC (EIN 010351796) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1977

Legal Domicile

Principal Officer

STEVE ELLIS

Phone

2072820849

Tax Period

2022-07-01 to 2023-06-30

CITY THEATER ASSOCIATES INC, founded in 1977, is a small nonprofit in the Arts, Culture & Humanities sector that reported $391K in total revenue in fiscal year 2022. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $370K left a modest 5% surplus.

Mission

THE ORGANIZATIONS PRIMARY EXEMPT PURPOSE IS TO EDUCATE THE GENERAL PUBLIC BY PRESENTING THEATRICAL PRODUCTIONS INTENDED TO FOSTER APPRECIATION OF THE THEATER AND PERFORMING ARTS IN THE COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $93,441

Program Service Revenue $270,823

Investment Income $1,336

Other Revenue $25,881

TOTAL REVENUE $391,481

Expense Breakdown

Grants Paid $630

Salaries & Benefits $80,953

Fundraising Expenses $1,308

Program Expenses $337,274

Other Expenses $288,857

TOTAL EXPENSES $370,440

Year-over-Year Comparison

	2022	2021	Change
Revenue	$391,481	$316,671	+0.2%
Expenses	$370,440	$286,195	+0.3%
Net Income	$21,041	$30,476	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

200

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIANA CHU	SECRETARY	4.00	Officer Director	$0	$0	$0
STEVE ELLIS	PRESIDENT	4.00	Officer Director	$0	$0	$0
KAREN GALLAGHER	TREASURER	4.00	Officer Director	$0	$0	$0
JAMES LABELLA	BOARD MEMBER	2.00	Director	$0	$0	$0
IRENE LEMAY	BOARD MEMBER	2.00	Director	$0	$0	$0
ELIZABETH MANTIS	BOARD MEMBER	2.00	Director	$0	$0	$0
MARK NAHORNEY	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
VALERIE NAHORNEY	BOARD MEMBER	2.00	Director	$0	$0	$0
TAD WILLIAMS	BOARD MEMBER	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$391,481	$370,440	$377,552	$21,041
2022	$316,671	$286,195	$352,461	$30,476
2021	$120,631	$131,772	$321,853	$-11,141
2020	$229,620	$291,242	$332,663	$-61,622
2019	$315,582	$282,871	$394,770	$32,711

CITY THEATER ASSOCIATES INC