APOLLO THEATER FOUNDATION INC (EIN 133630066) - 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

1991

Legal Domicile

Principal Officer

MICHELLE EBANKS

Phone

2125315300

Tax Period

2023-07-01 to 2024-06-30

APOLLO THEATER FOUNDATION INC, founded in 1991, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $14.5M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $21.6M exceeded revenue, resulting in a 49% operating deficit.

Mission

THE APOLLO THEATER IS A COMMISSIONER AND PRESENTER; CATALYST FOR NEW ARTISTS, AUDIENCES, AND CREATIVE WORKFORCE; AND PARTNER IN THE PROJECTION OF THE AFRICAN AMERICAN NARRATIVE AND ITS ROLE IN THE DEVELOPMENT OF AMERICAN AND GLOBAL CULTURE.

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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 $7,265,584

Program Service Revenue $5,829,651

Investment Income $885,078

Other Revenue $532,423

TOTAL REVENUE $14,512,736

Expense Breakdown

Grants Paid $98,751

Salaries & Benefits $12,657,583

Fundraising Expenses $2,101,701

Program Expenses $14,606,010

Other Expenses $8,888,886

TOTAL EXPENSES $21,645,220

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,512,736	$17,794,172	-0.2%
Expenses	$21,645,220	$20,826,453	+0.0%
Net Income	$-7,132,484	$-3,032,281	+1.4%

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

480

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

$560,303

Total Directors

Key Employees

$557,461

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES PHILLIPS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
RICHARD PARSONS	CHAIRMAN EMERITUS	1.00	Officer Director	$0	$0	$0
RONALD O PERELMAN	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
PATRICIA MILLER ZOLLAR	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
WILLIE E WOODS	TREASURER	1.00	Officer Director	$0	$0	$0
DAISEY M HOLMES	SECRETARY	1.00	Officer Director	$0	$0	$0
ANDRE BRANCH	MEMBER	1.00	Director	$0	$0	$0
LOU D'AMBROSIO	MEMBER	1.00	Director	$0	$0	$0
TINA R DAVIS	MEMBER	1.00	Director	$0	$0	$0
MICHELLE GADSDEN-WILLIAMS	MEMBER	1.00	Director	$0	$0	$0
MARK GETACHEW	MEMBER	1.00	Director	$0	$0	$0
AARON HOLIDAY	MEMBER	1.00	Director	$0	$0	$0
DEREK JONES	MEMBER	1.00	Director	$0	$0	$0
KWANZA JONES	MEMBER	1.00	Director	$0	$0	$0
ROBERT K KRAFT	MEMBER	1.00	Director	$0	$0	$0
CAROLYN MINICK MASON	MEMBER	1.00	Director	$0	$0	$0
KEVIN MORRISON	MEMBER	1.00	Director	$0	$0	$0
RACQUEL ODEN	MEMBER	1.00	Director	$0	$0	$0
KAREN L PAVLIN	MEMBER	1.00	Director	$0	$0	$0
JOANN PRICE	MEMBER	1.00	Director	$0	$0	$0
HOWARD SCHIFFMAN	MEMBER	1.00	Director	$0	$0	$0
BRONSON VAN WYCK	MEMBER	1.00	Director	$0	$0	$0
CARLOS WHITAKER	MEMBER	1.00	Director	$0	$0	$0
DAWANNA WILLIAMS	MEMBER	1.00	Director	$0	$0	$0
PHARRELL WILLIAMS	MEMBER	1.00	Director	$0	$0	$0
NATHANIEL ZILKHA	MEMBER	1.00	Director	$0	$0	$0
MICHELLE EBANKS	PRESIDENT & CEO	35.00	Officer	$174,837	$15,543	$190,380
JONELLE PROCOPE	FORMER PRESIDENT & CEO	35.00		$358,837	$16,850	$375,687
ALDO SCROFANI	COO	35.00	Officer	$356,723	$13,200	$369,923
KAMILAH FORBES	EXECUTIVE PRODUCER	35.00	Key Emp	$266,532	$9,758	$276,290
DONNA LIEBERMAN	SR.DIRECTOR OF DEVELOPMENT	35.00	Key Emp	$247,210	$33,961	$281,171
KELLY MCKAIG	SR. DIRECTOR OF FINANCE	35.00	Highest	$169,614	$23,089	$192,703
FATIMA JONES	CHIEF MARKETING OFFICER	35.00	Highest	$178,136	$7,749	$185,885
LAURA E GREER	ASSOCIATE PRODUCER	35.00	Highest	$144,524	$19,204	$163,728
QAADI MCKENNEY	SR.DIRECTOR OF THEATER OPS	35.00	Highest	$139,180	$20,087	$159,267
LEATRICE L ELLZY-MCNAIR	SR.DIRECTOR OF PROGRAMMING	35.00	Highest	$145,000	$1,115	$146,115

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	$14,512,736	$21,645,220	$65,191,517	$-7,132,484
2023	$17,794,172	$20,826,453	$71,653,135	$-3,032,281
2022	$21,417,691	$17,632,507	$74,776,228	$3,785,184
2021	$33,324,849	$11,028,022	$69,978,827	$22,296,827
2020	$16,998,153	$16,242,970	$47,572,527	$755,183
2019	$18,190,567	$17,372,862	$47,113,769	$817,705
2018	$17,597,504	$17,569,396	$45,791,326	$28,108

APOLLO THEATER FOUNDATION INC