ALLIANCE OF RESIDENT THEATRES NEW … - 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

1972

Legal Domicile

Principal Officer

Talia Corren

Phone

2122446667

Tax Period

2024-07-01 to 2025-06-30

ALLIANCE OF RESIDENT THEATRES NEW YORK INC, founded in 1972, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.4M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $6.5M exceeded revenue, resulting in a 20% operating deficit.

Mission

FOUNDED IN 1972 BY 49 OFF-BROADWAY THEATRES TO SERVE AND PROMOTE THIS INDUSTRY, THE ALLIANCE OF RESIDENT THEATRES/NEW YORK (A.R.T./NEW YORK) IS THE SERVICE AND ADVOCACY ORGANIZATION FOR NEW YORK CITY'S NOT-FOR-PROFIT THEATRE COMMUNITY AND HAS CURRENT MEMBERSHIP OF OVER 280 THEATRES AND THEATRE-RELATED ORGANIZATIONS FROM ALL FIVE BOROUGHS.

Program Service Accomplishments

Program 1

Expenses: $5,372,852 Revenue: $2,382,838

THE ALLIANCE OF RESIDENT THEATRES/NEW YORK (A.R.T./NEW YORK) IS THE SERVICE AND ADVOCACY ORGANIZATION FOR NEW YORK CITY'S NOT-FOR-PROFIT THEATRE COMMUNITY. FOUNDED IN 1972, A.R.T./NEW YORK SUPPORTS OVER 410 MEMBER THEATRES IN REALIZING THEIR RICH ARTISTIC VISIONS AND SERVING THEIR AUDIENCES WELL. LOCATED THROUGHOUT NEW YORK STATE AND THE FIVE BOROUGHS OF NEW YORK CITY, A.R.T./NEW YORK MEMBERS ARE THE MOST ARTISTICALLY INFLUENTIAL AND CULTURALLY DIVERSE THEATRE COMMUNITY IN THE NATION. A.R.T./NEW YORK'S SERVICES INCLUDE: AFFORDABLE OFFICE, STUDIO, AND PERFORMANCE SPACE RENTALS; PROFESSIONAL DEVELOPMENT WORKSHOPS; ROUNDTABLE DISCUSSIONS AND FIELD-WIDE CONVENINGS; MULTI-FACETED INITIATIVES TO ADDRESS EQUITY, DIVERSITY, INCLUSION, AND ACCESS THROUGHOUT THE FIELD; LONG-TERM ARTS CONSULTANCIES; CASH AND IN-KIND GRANTS; LOW-INTEREST CASH FLOW AND REAL ESTATE LOANS; RESEARCH ON THE FIELD; AND ADVOCACY.

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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 $2,884,844

Program Service Revenue $2,382,838

Investment Income $107,417

Other Revenue $7,086

TOTAL REVENUE $5,382,185

Expense Breakdown

Grants Paid $686,300

Salaries & Benefits $1,964,507

Fundraising Expenses $286,616

Program Expenses $5,372,852

Other Expenses $3,694,644

TOTAL EXPENSES $6,482,861

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,382,185	$4,237,865	+0.3%
Expenses	$6,482,861	$6,731,185	0.0%
Net Income	$-1,100,676	$-2,493,320	-0.6%

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

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

$260,027

Total Directors