THEATRE FOR A NEW AUDIENCE INC (EIN 133059081) - Form 990 Financial Analysis & Trantor Score

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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

1979

Legal Domicile

Principal Officer

JEFFREY HOROWITZ

Phone

2122292819

Tax Period

2023-09-01 to 2024-08-31

THEATRE FOR A NEW AUDIENCE INC, founded in 1979, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.7M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $7.2M exceeded revenue, resulting in a 26% operating deficit.

Mission

GROSS UP OF DEFERRED COMPENSATION/PENSION CONTRIBUTION IS STIPULATED IN EMPLOYMENT AGREEMENT AND APPROVED BY COMPENSATION COMMITTEE.

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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 $3,327,143

Program Service Revenue $1,719,345

Investment Income $653,017

Other Revenue $50,001

TOTAL REVENUE $5,749,506

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,195,930

Fundraising Expenses $1,022,726

Program Expenses $5,622,523

Other Expenses $3,052,520

TOTAL EXPENSES $7,248,450

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,749,506	$7,071,150	-0.2%
Expenses	$7,248,450	$7,803,328	-0.1%
Net Income	$-1,498,944	$-732,178	+1.0%

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

293

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

$1,895,445

Total Directors

$1,838,258

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY HOROWITZ	Pres/AD/CEO	40.00	Officer Director	$1,128,170	$453,004	$1,581,174
DOROTHY RYAN-LEITCH	VP/Sec/MD	40.00	Officer Director	$183,270	$24,411	$207,681
JAMES LYNES	DIR OF INSTL ADVAN	40.00		$133,838	$24,411	$158,249
GEORGE BRENNAN	CAP CAMPAIGN DIR	40.00		$110,420	$10,477	$120,897
MARY SORMELEY	TREAS/FIN DIR.	32.00	Officer	$106,064	$526	$106,590
JEREMY BLUNT	GENERAL MANAGER	40.00		$94,536	$5,437	$99,973
ARIN ARBUS	BOARD MEMBER	5.00	Director	$32,343	$0	$32,343
RICCARDO HERNANDEZ	BOARD MEMBER	2.00	Director	$7,797	$0	$7,797
JOHN LAHR	MEMBER	2.00	Director	$4,042	$0	$4,042
JOHN DOUGLAS THOMPSON	BOARD MEMBER	1.00	Director	$3,400	$121	$3,521
BIANCA VIVION BROOKS	BOARD MEMBER	1.00	Director	$1,700	$0	$1,700
CONSTANCE CHRISTENSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSH WEISBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN BERENDT	BOARD MEMBER	1.00	Director	$0	$0	$0
BENTON CAMPBELL	BOARD MEMBER	1.00	Director	$0	$0	$0
ALAN BELLER	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHLEEN WALSH	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
KATHRYN HUNTER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT A CARO	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARON DUNN	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM KIRDAHY	BOARD MEMBER	1.00	Director	$0	$0	$0
DANA IVEY	BOARD MEMBER	1.00	Director	$0	$0	$0
HARRY J LENNIX	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH SAMULSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
SEYMOUR LESSER	BOARD MEMBER	1.00	Director	$0	$0	$0
FREDERICK WISEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY M LOEB ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
CATHERINE MACIARIELLO	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW E FISHBEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
AUDREY HEFFERNAN MEYER	BOARD MEMBER	1.00	Director	$0	$0	$0
ALAN POLONSKY	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG STEINER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIE MAIGNAN	MEMBER	1.00	Director	$0	$0	$0
PHILIP R ROTNER	BOARD MEMBER	1.00	Director	$0	$0	$0
DARYL D SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL STRANAHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN TURTURRO	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT BUCKHOLZ	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
SUSAN STOCKEL	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
2024	$5,749,506	$7,248,450	$21,090,246	$-1,498,944
2023	$7,071,150	$7,803,328	$21,038,288	$-732,178
2022	$7,155,231	$6,397,442	$22,016,343	$757,789
2022	$947,495	No data	$21,995,527	No data
2021	$4,130,515	$2,648,656	$24,286,476	$1,481,859
2020	$5,609,349	$6,144,685	$20,341,039	$-535,336
2019	$8,177,723	$7,566,854	$19,975,041	$610,869
2018	$5,014,046	$5,537,218	$20,141,594	$-523,172

THEATRE FOR A NEW AUDIENCE INC