THEATER LEAGUE OF CLIFTON INC

EIN: 030565843 501(c)(3) Arts, Culture & Humanities

WAYNE, NJ

Total Revenue
$100,011
Total Expenses
$95,906
Total Assets
$2,318
Net Assets
$-8,052
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
NJ
Principal Officer
MARK E PETERSON
Phone
9737788400
Tax Period
2024-01-01 to 2024-12-31

THEATER LEAGUE OF CLIFTON INC, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $100K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $96K left a modest 4% surplus.

Mission

THE THEATER LEAGUE OF CLIFTON, INC. (TLC)'S MISSION IS TO STRIVE TO WITH ITS CITIZENS THROUGH THEATER, BY ENTERTAINING, ENLIGHTING AND CULTIVATE THE ARTS AND ENTERTAINMENT IN CLIFTON AND TO CREATE A CONNECTION WITH ITS CITIZENS THROUGH THEATER, BY ENTERTAINING, ENLIGHTING AND UPLIFTING PEOPLE WHO ATTEND OUR PRODUCTIONS, WITH PERFORMANCES AND PRESENTATION OF SCHOLARSHIOPS TO GRADUATING CLIFTON HIGH SCHOOL SENIORS PURSUING HIS OR HER EDUCATION IN THE STUDY OF THE PERFORMING ARTS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,536
Program Service Revenue $88,460
Investment Income $15
Other Revenue $0
TOTAL REVENUE $100,011

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $95,906
Other Expenses $95,906
TOTAL EXPENSES $95,906

Year-over-Year Comparison

2024 2023 Change
Revenue $100,011 $80,017 +0.2%
Expenses $95,906 $72,964 +0.3%
Net Income $4,105 $7,053 -0.4%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
N/A

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
5
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK E PETERSON PRESIDENT N/A
Officer Director
$0 $0 $0
BARBARA NOVAK DIRECTOR N/A
Director
$0 $0 $0
JOHN M TRAIER CPA TREASURER N/A
Officer Director
$0 $0 $0
JALMARI VANAMO VICE PRESIDE N/A
Officer Director
$0 $0 $0
STEPHANIE PETERSON YODA 2ND VICE PRE N/A
Officer Director
$0 $0 $0
MICHAEL GABRIELE DIRECTOR N/A
Director
$0 $0 $0
CHRISTINE POTASH SECRETARY N/A
Officer Director
$0 $0 $0
ROSEMARY PINO DIRECTOR N/A
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 $100,011 $95,906 $2,318 $4,105
2023 $80,017 $72,964 $838 $7,053
2022 $48,023 $57,946 $2,298 $-9,923
2021 $49,247 $57,826 $1,031 $-8,579
2020 $53,124 $48,936 $2,660 $4,188
2019 $105,528 $105,022 $1,421 $506
2018 $75,261 $69,617 $3,502 $5,644
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