NEW FEDERAL THEATRE INC

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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

1976

Legal Domicile

Principal Officer

ELIZABETH VAN DYKE

Phone

2123531176

Tax Period

2024-07-01 to 2025-06-30

NEW FEDERAL THEATRE INC, founded in 1976, is a small nonprofit in the Arts, Culture & Humanities sector that reported $530K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $640K exceeded revenue, resulting in a 21% operating deficit.

Mission

NEW FEDERAL THEATRE'S MISSION IS TO INTEGRATE MINORITIES AND WOMEN INTO THE MAINSTREAM OF AMERICAN THEATRE BY TRAINING ARTISTS FOR THE PROFESSION AND BY PRESENTING PLAYS BY MINORITIES AND WOMEN TO INTEGRATED, MULTICULTURAL AUDIENCES.

Program Service Accomplishments

Program 1

Expenses: $508,682 Revenue: $55,601

NEW FEDERAL THEATRE'S PROGRAMMING FOR THE 2024-25 SEASON INCLUDED: ANCESTRAL VOICES SOLO FESTIVAL, A PRODUCTION OF THE WASH, STUDENT WORKSHOPS, WONDERMENT AND WISDOM ROUNDTABLES, AND THE SOLO...

NEW FEDERAL THEATRE'S PROGRAMMING FOR THE 2024-25 SEASON INCLUDED: ANCESTRAL VOICES SOLO FESTIVAL, A PRODUCTION OF THE WASH, STUDENT WORKSHOPS, WONDERMENT AND WISDOM ROUNDTABLES, AND THE SOLO PERFORMANCE COLLECTIVE.

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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 $471,746

Program Service Revenue $55,601

Investment Income $2,618

Other Revenue $170

TOTAL REVENUE $530,135

Expense Breakdown

Grants Paid $0

Salaries & Benefits $230,912

Fundraising Expenses $74,926

Program Expenses $508,682

Other Expenses $343,662

TOTAL EXPENSES $640,496

Year-over-Year Comparison

	2024	2023	Change
Revenue	$530,135	$464,790	+0.1%
Expenses	$640,496	$675,799	-0.1%
Net Income	$-110,361	$-211,009	-0.5%

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

$60,000

Total Directors

$94,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN SCUTCHINS	CO-CHAIR	1.00	Officer Director	$0	$0	$0
CLAUDE WINFIELD	CO-CHAIR	1.00	Officer Director	$0	$0	$0
REV RHONDA AKANKE MCLEAN-NUR	TREASURER	1.00	Officer Director	$0	$0	$0
DEBORAH MCGEE	SECRETARY	1.00	Officer Director	$0	$0	$0
ELIZABETH VAN DYKE	BOARD MEMBER/PRODUCING ARTISTIC DIR.	1.00	Officer Director	$60,000	$0	$60,000
JUNE R BALLINGER	BOARD MEMBER	1.00	Director	$700	$0	$700
JENNY CALIXTE	BOARD MEMBER	1.00	Director	$0	$0	$0
GAIL COOPER HECHT	BOARD MEMBER	1.00	Director	$400	$0	$400
A DEAN IRBY	BOARD MEMBER	1.00	Director	$0	$0	$0
WOODIE KING JR	BOARD MEMBER	1.00	Director	$33,300	$0	$33,300
JOSEPH C LEWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
EVELYN NELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
PETRONIA PALEY	BOARD MEMBER	1.00	Director	$0	$0	$0
KAY RADTKE	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANE RICHARDS	BOARD MEMBER	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	$530,135	$640,496	$441,763	$-110,361
2024	$464,790	$675,799	$587,456	$-211,009
2023	$481,153	$427,501	$656,198	$53,652
2022	$491,762	$447,901	$605,437	$43,861
2021	$741,149	$263,113	$624,758	$478,036
2020	$314,201	$298,733	$181,102	$15,468
2018	$356,772	$419,959	$57,157	$-63,187