NEW HERITAGE THEATRE GROUP

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1964

Legal Domicile

Principal Officer

VOZA RIVERS

Phone

2129262550

Tax Period

2022-07-01 to 2023-06-30

NEW HERITAGE THEATRE GROUP, founded in 1964, is a small nonprofit that reported $453K in total revenue in fiscal year 2022. Revenue fell 30% from the prior year — a significant decline worth monitoring.

Mission

THE ORGANIZATION'S MISSION IS TO CONTINUE TO PRESENT ENTERTAINING, INFORMATIVE AND QUALITY THEATRE PRODUCTIONS AND TO PRESERVE CLASSIC WORKS OF BLACK

Program Service Accomplishments

Program 1

Expenses: $152,059 Revenue: $0

THEATRICAL PRODUCTIONS/ MAINSTAGE READING SERIES - THIS PROGRAM IS DESIGNED TO SUPPORT EMERGING AFRICAN-AMERICAN, LATINO ARTISTS AND ARTIST OF COLOR DEVELOP AND SHOWCASE THEIR THEATRICAL WORK, STAGED READINGS, CHOREOGRAPHY, PLAYS, MUSIC PERFORMANCES AND FILMS. DURING THE FISCAL YEAR THE ORGANIZATION PRODUCED 6 FULL PRODUCTIONS; BECOMING OTHELLO,EMERGENCY, AS ONE - VIRTUAL CONCERT, BLACK WALL STREET FESTIVAL , IT CAN'T HAPPEN HERE, OYU ORO AFRO-CUBAN PERFORMANCE AND INAMORI - VOICES OF LOVE AND PEACE.

Program 2

Expenses: $92,640 Revenue: $0

IMPACT YOUTH PROGRAM - THIS PROGRAM USES CREATIVE ARTS AND LEADERSHIP TRAINING TO INSPIRE SELF DEVELOPMENT AND INFLUENCE POSITIVE CHANGE IN THE WORLD. DURING THE FISCAL YEAR, IMPACT YOUTH PERFORM IN FRONT OF OVER 25,000 PEOPLE AT SELECT VENUES THROUGHOUT NEW YORK CITY. THE MEMBERS CREATE AND PERFORM ORIGINAL YOUTH DANCE AND MUSIC ROUTINES THAT RANGE FROM HIP HOP, BALLET, TRADITIONAL AFRICAN AND MODERN DANCE. ADDITIONAL FOCUS AREAS INCLUDE POETRY, SPOKEN WORDS, MONOLOGUES, SONGS AND ESSAYS.

Program 3

Expenses: $10,790 Revenue: $0

DOCUMENTARY FILM - NEW HERITAGE FILMS PRODUCED "HARLEM IS...HEALING" PROJECT, A DOCUMENTARY FILM THAT CAPTURES THE ACCOMPLISHMENT OF HARLEM ARTIST DURING THE PANDEMIC.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $440,770

Program Service Revenue $12,225

Investment Income $0

Other Revenue $0

TOTAL REVENUE $452,995

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $302,602

Other Expenses $448,239

TOTAL EXPENSES $448,239

Year-over-Year Comparison

	2022	2021	Change
Revenue	$452,995	$644,176	-0.3%
Expenses	$448,239	$560,443	-0.2%
Net Income	$4,756	$83,733	-0.9%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARVA ALLEN ESQ	PRESIDENT	2.00	Director	$0	$0	$0
JANICE M ROBINSON	BOARD SECRETARY	2.00	Director	$0	$0	$0
YASMINE VAUGHN ESQ	BOARD TREASURER	2.00	Director	$0	$0	$0
BILL COVINGTON ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
KATS ABE	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBORA GRANT	BOARD MEMBER	1.00	Director	$0	$0	$0
JARDENA KIFLE	BOARD MEMBER	1.00	Director	$0	$0	$0
IRENE GANDY	BOARD MEMBER	1.00	Director	$0	$0	$0
VOZA RIVERS	BOARD MEMBER	5.00	Officer Director	$0	$0	$0
DR GEORGE WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
HELEN COVINGTON	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA HOROWITZ	BOARD MEMBER	1.00	Director	$0	$0	$0
SHIRLEY WASHINGTON ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMAL JOSEPH	BOARD MEMBER	4.00	Officer Director	$0	$0	$0
AALIYTHA STEVENS	BOARD MEMBER	N/A	Director	$0	$0	$0
SYLVIA WHITE	BOARD MEMBER	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	No data	No data	No data	No data
2023	$452,995	$448,239	$313,951	$4,756
2022	$478,073	$486,926	$216,044	$-8,853
2021	$570,002	$537,263	$225,412	$32,739
2020	$633,786	$583,043	$219,337	$50,743
2019	$692,190	$796,014	$165,606	$-103,824