JOYCE THEATER FOUNDATION 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

1980

Legal Domicile

Principal Officer

LINDA SHELTON

Phone

2126919740

Tax Period

2023-09-01 to 2024-08-31

JOYCE THEATER FOUNDATION INC, founded in 1980, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $17.2M in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $16.1M left a modest 6% surplus.

Mission

TO SERVE AND SUPPORT THE ART OF DANCE AND CHOREOGRAPHY, PROMOTE THE RICHNESS AND VARIETY OF THE ART FORM IN ITS FULLEST EXPRESSION, AND ENHANCE THE PUBLIC INTEREST IN, AND APPRECIATION OF, DANCE AND THE ALLIED ARTS OF MUSIC, DESIGN, AND THEATER.

Program Service Accomplishments

Program 1

Expenses: $6,687,551 Revenue: $4,513,746

DANCE PRESENTING:THE JOYCE PRESENTS A DIVERSE ROSTER OF ARTISTS FROM AROUND THE WORLD AND IS RESPONSIBLE FOR FINANCING AND MANAGING ALL SERVICES INCLUDING ARTISTIC FEES, ADVERTISING/PROMOTION AND...

DANCE PRESENTING:THE JOYCE PRESENTS A DIVERSE ROSTER OF ARTISTS FROM AROUND THE WORLD AND IS RESPONSIBLE FOR FINANCING AND MANAGING ALL SERVICES INCLUDING ARTISTIC FEES, ADVERTISING/PROMOTION AND TECHNICAL COSTS. IN FY24, THE JOYCE PRESENTED 25 DANCE COMPANIES OVER 33 WEEKS AT THE JOYCE THEATER.

Program 2

Expenses: $1,453,114 Revenue: $755,635

ENGAGEMENT ASSISTANCENON-PROFIT DANCE COMPANIES AND OTHERS RENT THE JOYCE THEATER AT A HIGHLY SUBSIDIZED WEEKLY RENTAL FEE. IN FY24, THE JOYCE RENTED THE THEATER TO 14 DANCE COMPANIES AND ONE OTHER...

Program 3

Expenses: $2,423,442 Revenue: $785,175

PRODUCING, TOURING, AND ARTIST SERVICES:CHOREOGRAPHERS, DANCERS AND MUSICIANS ARE IDENTIFIED AND INVITED TO COLLABORATE ON DANCE CREATION PROJECTS. THESE PROJECTS MAY TAKE FROM THREE MONTHS TO THREE YEARS CULMINATING WITH A PREMIERE OF THE WORK AT THE JOYCE THEATER WITH FURTHER EXPECTATIONS OF TOURING UNDER THE JOYCE THEATER PRODUCTIONS PROGRAM. FIVE CREATION PROJECTS WERE COMPLETED IN FY24. THREE PROJECTS WERE TOURED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $8,841,908

Program Service Revenue $6,941,168

Investment Income $1,166,195

Other Revenue $240,469

TOTAL REVENUE $17,189,740

Expense Breakdown

Grants Paid $454,758

Salaries & Benefits $7,702,622

Fundraising Expenses $1,321,874

Program Expenses $12,841,749

Other Expenses $7,943,657

TOTAL EXPENSES $16,101,037

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,189,740	$11,655,562	+0.5%
Expenses	$16,101,037	$13,367,597	+0.2%
Net Income	$1,088,703	$-1,712,035	-1.6%

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

167

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

$1,246,109

Total Directors

$889,341

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMIT WADHWANEY	CHAIR	1.00	Officer Director	$0	$0	$0
CHARLES M ADELMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
STEPHANIE R BRESLOW	TREASURER	1.00	Officer Director	$0	$0	$0
JANE E GOLDBERG	SECRETARY	1.00	Officer Director	$0	$0	$0
R RICHARD ABLON	TRUSTEE	1.00	Director	$0	$0	$0
ROB ASHFORD	TRUSTEE	1.00	Director	$0	$0	$0
MONICA F AZARE	TRUSTEE	1.00	Director	$0	$0	$0
JOHN M BASNAGE DE BEAUVAL	TRUSTEE	1.00	Director	$0	$0	$0
AJAY BHANDARAM	TRUSTEE	1.00	Director	$0	$0	$0
ALAN CUMMING	TRUSTEE	1.00	Director	$0	$0	$0
KEANE EHSANI	TRUSTEE	1.00	Director	$0	$0	$0
JOHN FALK	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL FELLER	TRUSTEE	1.00	Director	$0	$0	$0
MELINA FISHER	TRUSTEE	1.00	Director	$0	$0	$0
RONALD GUMBAZ	TRUSTEE	1.00	Director	$0	$0	$0
TONI HOOVER	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT MUSIKER	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN G PAPPAJOHN	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN M PESNER	TRUSTEE	1.00	Director	$0	$0	$0
MERYL ROSOFSKY	TRUSTEE	1.00	Director	$0	$0	$0
SAUL SANDERS	TRUSTEE	1.00	Director	$0	$0	$0
LAUREN E SHORTT	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN FAWCETT SOSIN	TRUSTEE	1.00	Director	$0	$0	$0
MONICA B VOLDSTAD	TRUSTEE	1.00	Director	$0	$0	$0
CATHY WEINROTH	TRUSTEE	1.00	Director	$0	$0	$0
MADELYN WILS	TRUSTEE	1.00	Director	$0	$0	$0
JKERRY CLAYTON	CHAIR EMERITUS	1.00	Director	$0	$0	$0
VIRGINIA A MILLHISER	CHAIR EMERITUS	1.00	Director	$0	$0	$0
LINDA SHELTON	EXECUTIVE DIRECTOR	40.00	Officer Director	$840,651	$48,690	$889,341
MARGARET HOLLENBECK	DIRECTOR OF FINANCE	40.00	Officer	$300,875	$55,893	$356,768
DANIELLE GEE	DIRECTOR OF PROGRAMMING	40.00	Highest	$148,734	$18,199	$166,933
HUONG HOANG	GENERAL MANAGER	40.00	Highest	$132,557	$22,889	$155,446
ANDREW SHEAGREN	DIRECTOR OF MARKETING	40.00	Highest	$130,371	$25,070	$155,441
LOUIS ALBRUZZESE	DIRECTOR OF OPERATIONS	40.00	Highest	$130,183	$24,184	$154,367
JEFFREY SEGAL	DIRECTOR OF PRODUCTION	40.00	Highest	$116,773	$47,847	$164,620

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	No data	No data	No data	No data
2024	$17,189,740	$16,101,037	$76,399,416	$1,088,703
2023	$11,655,562	$13,367,597	$60,029,989	$-1,712,035
2022	$13,871,756	$13,943,902	$59,883,244	$-72,146
2021	$14,438,714	$6,071,412	$65,012,257	$8,367,302
2020	$11,935,544	$8,984,518	$53,324,878	$2,951,026
2019	$12,934,322	$11,559,203	$49,307,889	$1,375,119
2018	$9,867,857	$9,986,683	$49,345,024	$-118,826