THE SECOND STAGE THEATRE INC

EIN: 133021180 501(c)(3) Arts, Culture & Humanities

New York, NY

Total Revenue
$28,749,503
Total Expenses
$28,397,224
Total Assets
$57,642,356
Net Assets
$35,448,155
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
NY
Principal Officer
ADAM SIEGEL
Phone
2127878302
Tax Period
2023-09-01 to 2024-08-31

THE SECOND STAGE THEATRE INC, founded in 1979, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $28.7M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

SECOND STAGE CREATES AND CHAMPIONS PLAYS AND MUSICALS BY LIVING AMERICAN WRITERS, AND GIVES NEW LIFE TO CONTEMPORARY AMERICAN PLAYS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,415,139
Program Service Revenue $22,812,845
Investment Income $445,386
Other Revenue $76,133
TOTAL REVENUE $28,749,503

Expense Breakdown

Grants Paid $0
Salaries & Benefits $13,807,545
Fundraising Expenses $2,124,684
Program Expenses $21,573,404
Other Expenses $14,589,679
TOTAL EXPENSES $28,397,224

Year-over-Year Comparison

2023 2022 Change
Revenue $28,749,503 $26,248,193 +0.1%
Expenses $28,397,224 $28,981,303 0.0%
Net Income $352,279 $-2,733,110 -1.1%
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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Governance

Voting Members
31
Independent Members
30
Employees
751
Volunteers
700

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
8
$1,460,788
Total Directors
38
$1,311,877
Key Employees
2
$388,009
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Carole Rothman President & Art Dir. thru 8/24 40.0
Officer Director
$497,892 $537,985 $1,035,877
McBrien A Dunbar Head Carpenter, Hayes Theater 40.0
Highest
$229,485 $67,698 $297,183
Amelia S Roy head Electrician, Hayes Theater 40.0
Highest
$215,511 $63,575 $279,086
LISA LAWER POST INTERIM EXEC. DIRECTOR, thru 04/2025 40.0
Officer Director
$276,000 $0 $276,000
Christopher J Gossard Stagehand, Hayes Theater 40.0
Highest
$158,070 $46,630 $204,700
katherine L McCauley Head Properties, Hayes Theater 40.0
Highest
$156,540 $46,179 $202,719
Laura Dilorenzo Chief Marketing Officer 40.0
Key Emp
$172,692 $25,367 $198,059
LINDSEY FORDEN Chief Development Officer 40.0
Key Emp
$148,525 $41,425 $189,950
Bennett H Leak Interim Artistic Director 40.0
Officer
$126,268 $22,643 $148,911
Christopher T McGinnis General Manager 40.0
Highest
$124,601 $21,758 $146,359
Kevin Brockman Co-chair 5.0
Officer Director
$0 $0 $0
Terry Lindsay Co-chair 5.0
Officer Director
$0 $0 $0
Laurie Erlandson vice-chair & Treasurer 5.0
Officer Director
$0 $0 $0
Gabrielle London Palitz Secretary 5.0
Officer Director
$0 $0 $0
Lauren Bright Board Member 2.0
Director
$0 $0 $0
Mia Campbell Board Member 2.0
Director
$0 $0 $0
Debra Martin Chase Board Member 2.0
Director
$0 $0 $0
Lawrence g Creel Board Member, thru 12/2023 2.0
Director
$0 $0 $0
Margaret Dees Board Member 2.0
Director
$0 $0 $0
Frances D Fergusson Board Member, THRU 06/2024 2.0
Director
$0 $0 $0
Tony Goldwyn Board Member 2.0
Director
$0 $0 $0
Alyse Graham Board Member 2.0
Director
$0 $0 $0
Mary Tavener Holmes Board Member 2.0
Director
$0 $0 $0
Wendy Evans Joseph Board Member 2.0
Director
$0 $0 $0
Anthony C M Kiser Board Member, THRU 03/2024 2.0
Director
$0 $0 $0
Janet Lynne Knopf Board Member 2.0
Director
$0 $0 $0
Sarah Kupferman Board Member 2.0
Director
$0 $0 $0
Gina Maria Leonetti Board Member 2.0
Director
$0 $0 $0
Andrea Taylor Lindsay Board Member 2.0
Director
$0 $0 $0
Oren Michels Board Member, THRU 06/2024 2.0
Director
$0 $0 $0
Robert Nash Board Member 2.0
Director
$0 $0 $0
Lynn Nottage Board Member, thru 09/2023 2.0
Director
$0 $0 $0
Alice Pacthod Board Member 2.0
Director
$0 $0 $0
Adrian j Perry Board Member 2.0
Director
$0 $0 $0
Bambi Putnam Board Member 2.0
Director
$0 $0 $0
Pesha Rudnick Board Member 2.0
Director
$0 $0 $0
Nathan E Saint-Amand Board Member 2.0
Director
$0 $0 $0
Motoko Sakurai Board Member 2.0
Director
$0 $0 $0
Stephen c Sherrill Board Member 2.0
Director
$0 $0 $0
Sydney r Shuman Board Member, thru 09/2023 2.0
Director
$0 $0 $0
Stewart r Smith Board Member 2.0
Director
$0 $0 $0
John Sorkin Board Member 2.0
Director
$0 $0 $0
Angela Sun Board Member 2.0
Director
$0 $0 $0
Natasa Valocchi Board Member 2.0
Director
$0 $0 $0
Susan Wasserstein Board Member 2.0
Director
$0 $0 $0
Candace K Weir Board Member 2.0
Director
$0 $0 $0
ADAM SIEGEL EXECUTIVE DIR. as of 04/2025 0.0
Officer
$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 $28,749,503 $28,397,224 $57,642,356 $352,279
2023 $26,248,193 $28,981,303 $59,039,864 $-2,733,110
2022 $28,285,521 $24,566,839 $61,805,911 $3,718,682
2021 $8,654,071 $8,199,262 $62,708,833 $454,809
2020 $12,363,767 $19,258,685 $57,071,628 $-6,894,918
2019 $18,169,889 $18,227,250 $62,257,965 $-57,361
2018 $44,686,084 $19,250,204 $67,469,368 $25,435,880
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