NEW HERITAGE THEATRE GROUP (EIN 132683678) - 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

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

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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 $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

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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

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

NEW HERITAGE THEATRE GROUP