MUSIC THEATRE OF CT INC

EIN: 061213848 501(c)(3)

NORWALK, CT

Total Revenue
$989,420
Total Expenses
$1,043,654
Total Assets
$1,839,170
Net Assets
$-22,038
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
CT
Principal Officer
KEVIN O'BRYAN
Phone
2034543883
Tax Period
2023-09-01 to 2024-08-31

MUSIC THEATRE OF CT INC, founded in 1987, is a small nonprofit that reported $989K in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum.

Mission

MUSIC THEATRE OF CONNECTICUT, INC., WAS FORMED TO FOSTER AND PROMOTE THE GROWTH AND APPRECIATION OF THEATRE TO THE GENERAL PUBLIC AND TO TEACH THE APPRECIATION OF CULTURAL AND ARTISTIC VALUES AND BENEFITS OF THEATRE THROUGH PRODUCTION AND PRESENTATION OF LIVE THEATRE AND THROUGH EDUCATIONAL PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $425,317
Program Service Revenue $546,886
Investment Income $467
Other Revenue $16,750
TOTAL REVENUE $989,420

Expense Breakdown

Grants Paid $0
Salaries & Benefits $558,304
Fundraising Expenses $40,417
Program Expenses $739,597
Other Expenses $485,350
TOTAL EXPENSES $1,043,654

Year-over-Year Comparison

2023 2022 Change
Revenue $989,420 $659,213 +0.5%
Expenses $1,043,654 $898,595 +0.2%
Net Income $-54,234 $-239,382 -0.8%
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

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Governance

Voting Members
9
Independent Members
7
Employees
33
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
6
$206,736
Total Directors
9
$206,736
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN CONNORS PRES/EXECUTIVE ARTISTIC DIRECTO 50.00
Officer Director
$93,433 $3,512 $96,945
JAMES SCHILLING VP/EXECUTIVE MANAGING DIRECTO 50.00
Officer Director
$107,189 $2,602 $109,791
DAN ARON BOARD DIRECTOR 2.00
Director
$0 $0 $0
DAN GULLER VICE CHAIR 2.00
Officer Director
$0 $0 $0
MARK CORPRON TREASURER 2.00
Officer Director
$0 $0 $0
GREG COLE SECRETARY 2.00
Officer Director
$0 $0 $0
JOHN HAMLIN BOARD CHAIRMAN 2.00
Officer Director
$0 $0 $0
WENDY GERBIER BOARD DIRECTOR 2.00
Director
$0 $0 $0
GREG SWEENEY BOARD DIRECTOR 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 $989,420 $1,043,654 $1,839,170 $-54,234
2023 $659,213 $898,595 $2,002,626 $-239,382
2022 $725,321 $770,897 $822,433 $-45,576
2021 $562,582 $562,038 $904,079 $544
2020 $662,077 $644,401 $820,266 $17,676
2019 $647,730 $716,169 $733,128 $-68,439
2018 $576,866 $675,803 $796,759 $-98,937
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