QUEENS THEATRE IN THE PARK INC (EIN 113381629) - 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

1997

Legal Domicile

Principal Officer

JULIA DEL PALACIO

Phone

7187600686

Tax Period

2024-07-01 to 2025-06-30

QUEENS THEATRE IN THE PARK INC, founded in 1997, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.6M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $3.0M exceeded revenue, resulting in a 14% operating deficit.

Mission

OPERATE A PERFORMING ARTS FACILITY IN FLUSHING-MEADOWS CORONA PARK, QUEENS THAT PROVIDES PROFESSIONAL PRODUCTIONS AND OTHER PROGRAMS IN THE DRAMATIC, MUSICAL AND RELATED ARTS, ENCOURAGESAND FACILITATES THE USE OF ITS FACILITY AS A RESOURCE CENTER BY OTHER NOT-FOR-PR0FIT ORGANIZATIONS, AND PROVIDES ARTS-IN-EDUCATION PROGRAMMING FOR YOUTHS INCLUDING IN-SCHOOL WORKSHOPS AND LIVE PERFORMING ARTS EXPERIENCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,514,862

Program Service Revenue $1,077,615

Investment Income $25,688

Other Revenue $0

TOTAL REVENUE $2,618,165

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,103,272

Fundraising Expenses $132,194

Program Expenses $2,022,498

Other Expenses $883,643

TOTAL EXPENSES $2,986,915

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,618,165	$3,324,768	-0.2%
Expenses	$2,986,915	$2,873,898	+0.0%
Net Income	$-368,750	$450,870	-1.8%

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

Governance

Voting Members

Independent Members

Employees

107

Volunteers

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

$163,575

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY KESNER	PRESIDENT	3.00	Officer Director	$0	$0	$0
TRACY CAPUNE	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
MARK MISK	SECRETARY	3.00	Officer Director	$0	$0	$0
BRUCE LEVINE	TREASURER	3.00	Officer Director	$0	$0	$0
ALFONSO QUIROZ	DIRECTOR	1.00	Director	$0	$0	$0
AVITA DELERME	DIRECTOR	1.00	Director	$0	$0	$0
SAL DIMARTINO	DIRECTOR	1.00	Director	$0	$0	$0
DR CAMERON R HERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT F HOLDEN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN B LIPSKY	DIRECTOR	1.00	Director	$0	$0	$0
FRANCES A RESHESKE	PRESIDENT EMERITUS	1.00	Officer Director	$0	$0	$0
IRENE ZOUPANIOTIS	DIRECTOR	1.00	Director	$0	$0	$0
WIL FISHER	DIRECTOR	1.00	Director	$0	$0	$0
TARYN SACRAMONE	EXECUTIVE DIRECTOR	40.00	Officer	$128,895	$34,680	$163,575

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
2025	$2,618,165	$2,986,915	$2,249,955	$-368,750
2024	No data	No data	No data	No data
2024	$3,324,768	$2,873,898	$3,263,887	$450,870
2023	$2,800,975	$2,916,503	$1,481,433	$-115,528
2022	$14,703,338	$14,589,492	$1,436,440	$113,846
2021	$1,571,069	$1,641,041	$1,649,192	$-69,972
2020	$2,479,332	$2,433,058	$1,683,536	$46,274
2019	$2,627,911	$2,528,308	$1,300,171	$99,603
2018	$2,511,365	$2,294,669	$1,169,089	$216,696

QUEENS THEATRE IN THE PARK INC