THEATER FOR THE NEW CITY FOUNDATIO… - Form 990 Financial Data

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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

1970

Legal Domicile

Principal Officer

CRYSTAL FIELD

Phone

2122541109

Tax Period

2024-07-01 to 2025-06-30

THEATER FOR THE NEW CITY FOUNDATION INC, founded in 1970, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2024. The organization ran a surplus of $471K, a strong 27% operating margin.

Mission

THE THEATER PRODUCES AND PERFORMS NEW WORK, MOSTLY BY AMERICAN PLAYWRIGHTS. THROUGH THE OPERATION OF A FOUR THEATER FACILITY, IT ALSO PROVIDES EXTENSIVE OUTREACH PROGRAMS AS WELL AS EXPERIMENTAL THEATER PERFORMANCES FOR THE THEATER-GOING PUBLIC. THE THEATER ALSO COMMISSIONS NEW WORKS FROM AMERICAS ESTABLISHED AND EMERGING PLAYWRIGHTS AND OFFERS A TRAINING PROGRAM WITH AN EXTENSIVE WORKSHOP SERIES FOR PERFORMERS IN STREET THEATER AS WELL AS A PLAYWRIGHT DEVELOPMENT PROGRAM INVOLVING WORKSHOPS AND PRODUCTION.

Program Service Accomplishments

Program 1

Expenses: $655,368 Revenue: $303,340

THE THEATER NURTURES AND DEVELOPS WRITERS FOR THE AMERICAN STAGE. THE THEATER DOES ONLY NEW WORK - ALL PREMIERS. IT PRODUCES A PLAYWRIGHT MORE THAN ONCE, AS THE WRITER GAINS STRENGTH OVER A PERIOD OF TIME. IT DOES FULL-LENGTH PLAYS, MANY WITH MUSIC AND SONG AND CHOREOGRAPHY. EACH YEAR, THE THEATER PRODUCES BETWEEN 30-40 NEW AMERICAN PLAYS BY BOTH EMERGING WRITERS, ESTABLISHED WRITERS, AND THEATER COMPANIES THAT HAVE NO PERMANENT HOME. THE RESIDENT THEATER PRODUCES 20-30 NEW AMERICAN PLAYS PER YEAR, PROVIDING A FORUM FOR BOTH NEW AND MID-CAREER WRITERS TO EXPERIMENT WITH THEIR WORK AND DEVELOP AS ARTISTS.

Program 2

Expenses: $148,534

STREET THEATER - THE ANNUAL SUMMER STREET THEATER IS A FREE OPERETTA-FOR-THE-STREETS THAT TOURS 13 LOCATIONS IN ALL 5 BOROUGHS OF NEW YORK CITY. BEGUN IN THE EARLY 1970S AND EMBODYING THE GRASSROOTS IDEALS OF THAT DECADE, STREET THEATER AIMS TO RAISE SOCIAL AWARENESS IN THE COMMUNITIES IT PERFORMS IN, CREATING CIVIC DIALOGUE THAT INSPIRES A BETTER UNDERSTANDING OF THE WORLD BEYOND THE COMMUNITIES GEOGRAPHIC BOUNDARIES. STREET THEATER PLAYS TO AN ESTIMATED 25,000 PEOPLE EACH SUMMER.

Program 3

Expenses: $113,431 Revenue: $27,670

COMMUNITY FESTIVAL - THE COMMUNITY FESTIVAL PROGRAM IS A RESULT OF THE THEATERS STRONG COMMITMENT TO THE COMMUNITY. CONSISTING OF THE VILLAGE HALLOWEEN COSTUME BALL AND THE LOWER EAST SIDE FESTIVAL OF THE ARTS, IT GIVES LOW-INCOME NEIGHBORHOOD RESIDENTS AND CURIOUS OUT-OF-TOWNERS ALIKE THE OPPORTUNITY TO EXPERIENCE SOME OF THE ARTISTIC DIVERSITY OF NEW YORK CITY FOR FREE. THE HALLOWEEN BALL SHOWCASES OVER 200 ARTISTS AND PERFORMERS AT A MULTI-LEVEL THEATRICAL EVENT, SPILL OUT ONTO THE STREET, WHOSE PERFORMANCES ARE FREE TO THE PUBLIC. THE LOWER EAST SIDE FESTIVAL OF THE ARTS IS A FREE THREE-DAY WEEKEND LONG EXTRAVAGANZA CELEBRATING THE CULTURAL AND ARTISTIC DIVERSITY OF THE LOWER EAST SIDE. ARTS IN EDUCATION - THE THEATERS ARTS IN EDUCATION PROGRAM IS A 10-WEEK AFTERSCHOOL PROGRAM TEACHING CREATIVE EXPRESSION THROUGH A VARIETY OF THEATRICAL MEDIUMS. THIS PROGRAM IS HELD TWICE A YEAR IN THE FALL AND SPRING. APPROXIMATELY 20 STUDENTS, AGES 8 THROUGH 12, ATTEND THIS PROGRAM EACH SESSION. THIS PROGRAM HELPS STUDENTS DEVELOP SELF-CONFIDENCE THROUGH DIFFERENT DISCIPLINES OF PERFORMANCE AND MANY STUDENTS HAVE GONE ON TO PARTICIPATE IN OTHER PROGRAMS AT THE THEATER.

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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 $1,320,372

Program Service Revenue $445,670

Investment Income $0

Other Revenue $-12,523

TOTAL REVENUE $1,753,519

Expense Breakdown

Grants Paid $84,850

Salaries & Benefits $221,997

Fundraising Expenses $46,135

Program Expenses $1,028,132

Other Expenses $975,893

TOTAL EXPENSES $1,282,740

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,753,519	$1,650,597	+0.1%
Expenses	$1,282,740	$1,150,549	+0.1%
Net Income	$470,779	$500,048	-0.1%

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

Volunteers

200

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

$53,475

Total Directors

$75,046

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDER BARTENIEFF	OPS MGR / BOD	30.00	Officer Director	$33,600	$0	$33,600
MARK MARCANTE	Director	40.00	Director	$21,571	$0	$21,571
CRYSTAL FIELD	President	40.00	Officer Director	$19,875	$0	$19,875
JANET COOPER PIONTEK	CHAIR	1.00	Officer Director	$0	$0	$0
PHILIP HACKETT	Secretary/tresa	1.00	Officer Director	$0	$0	$0
joan Kane	Director	1.00	Director	$0	$0	$0
MYRNA DUARTE	Director	1.00	Director	$0	$0	$0
DEENA HARBURG	Director	1.00	Director	$0	$0	$0
JONATHAN FREEMAN	Director	1.00	Director	$0	$0	$0
JOEL KUPFERMAN	Director	1.00	Director	$0	$0	$0
EDUARDO MACHADO	Director	1.00	Director	$0	$0	$0
TIM ROBBINS	Director	1.00	Director	$0	$0	$0
MARY TIERNEY	Director	1.00	Director	$0	$0	$0
ANDREA FULTON	Director	1.00	Director	$0	$0	$0
MICHAEL SCOTT PRICE	Director	1.00	Director	$0	$0	$0
ROBERT GREER	Director	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	$1,753,519	$1,282,740	$3,955,293	$470,779
2024	$1,650,597	$1,150,549	$3,488,305	$500,048
2023	$1,775,738	$1,168,891	$2,949,824	$606,847
2022	$1,186,055	$867,631	$2,374,441	$318,424
2021	$672,148	$514,518	$2,082,861	$157,630
2020	$792,781	$765,968	$1,929,413	$26,813
2019	$992,825	$923,503	$1,784,738	$69,322

THEATER FOR THE NEW CITY FOUNDATION INC