THEATREWORKS USA CORPORATION (EIN 132583793) - 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

1967

Legal Domicile

Principal Officer

MICHAEL HARRINGTON

Phone

2126471100

Tax Period

2022-07-01 to 2023-06-30

THEATREWORKS USA CORPORATION, founded in 1967, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.9M in total revenue in fiscal year 2022. Revenue decreased 9% compared to the prior year.

Mission

THEATERWORKSUSA CREATES EXCEPTIONAL, TRANSFORMATIVE THEATRICAL EXPERIENCES FOR YOUNG AND FAMILY AUDIENCES IN DIVERSE COMMUNITIES THROUGHOUT NEW YORK CITY AND NORTH AMERICA.

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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 $1,273,365

Program Service Revenue $5,279,242

Investment Income $47,660

Other Revenue $284,142

TOTAL REVENUE $6,884,409

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,107,236

Fundraising Expenses $138,899

Program Expenses $6,281,240

Other Expenses $4,275,120

TOTAL EXPENSES $7,382,356

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6,884,409	$7,602,436	-0.1%
Expenses	$7,382,356	$4,524,874	+0.6%
Net Income	$-497,947	$3,077,562	-1.2%

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

305

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

$405,917

Total Directors

$405,917

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA CHANEL	CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL HARRINGTON	PRESIDENT/EXECUTIVE DIRECTOR	40.00	Officer Director	$179,660	$3,757	$183,417
BARBARA PASTERNACK	VICE PRESIDENT/ARTISTIC DIRECTOR	40.00	Officer Director	$222,452	$48	$222,500
TOM TOCE	TREASURER	1.00	Officer Director	$0	$0	$0
ANDREW FISHER	SECRETARY	1.00	Officer Director	$0	$0	$0
SUZANNE COHEN	TRUSTEE	1.00	Director	$0	$0	$0
CHUCK COOPER	TRUSTEE	1.00	Director	$0	$0	$0
MARY J DONOHUE	TRUSTEE	1.00	Director	$0	$0	$0
TIM FREYDBERG	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN HOOSHANGI	TRUSTEE	1.00	Director	$0	$0	$0
KIM KATZ	TRUSTEE	1.00	Director	$0	$0	$0
ADRIENNE LIN	TRUSTEE	1.00	Director	$0	$0	$0
DAVID LO MASTRO	TRUSTEE	1.00	Director	$0	$0	$0
ALYSSA MACK	TRUSTEE	1.00	Director	$0	$0	$0
ELLEN MILLER-WACHTEL	TRUSTEE	1.00	Director	$0	$0	$0
LESLIE MONSKY	TRUSTEE	1.00	Director	$0	$0	$0
DIONNE NOSEK	TRUSTEE	1.00	Director	$0	$0	$0
JUDITH PRINCE	TRUSTEE	1.00	Director	$0	$0	$0
CHUCK SANTORO	TRUSTEE	1.00	Director	$0	$0	$0
ARPITHA SHETTY	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS W SMITH	TRUSTEE	1.00	Director	$0	$0	$0
TRACY STEIN	TRUSTEE	1.00	Director	$0	$0	$0
YARITZA VILLALBA	TRUSTEE	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$6,884,409	$7,382,356	$5,293,277	$-497,947
2022	$7,602,436	$4,524,874	$4,544,535	$3,077,562
2021	$2,907,367	$1,941,232	$2,515,108	$966,135
2020	$5,184,981	$6,489,440	$2,577,470	$-1,304,459
2019	$7,133,224	$6,928,118	$2,327,876	$205,106
2018	$8,165,520	$7,882,732	$2,208,065	$282,788

THEATREWORKS USA CORPORATION