NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.THE APOLLO THEATER ENVISIONS A NEW AMERICAN CANON CENTERED ON CONTRIBUTIONS TO THE PERFORMING ARTS BY ARTISTS OF THE AFRICAN DIASPORA, IN AMERICA AND BEYOND.
THE APOLLO'S 2023-2024 SEASON WAS ROOTED IN THE IDEAS OF GROWTH, EVOLUTION, AND DISRUPTION AS THE INSTITUTION EXPANDED ITS PHYSICAL FOOTPRINT FOR THE FIRST TIME IN ITS NEARLY 90-YEAR HISTORY. THE...
THE APOLLO'S 2023-2024 SEASON WAS ROOTED IN THE IDEAS OF GROWTH, EVOLUTION, AND DISRUPTION AS THE INSTITUTION EXPANDED ITS PHYSICAL FOOTPRINT FOR THE FIRST TIME IN ITS NEARLY 90-YEAR HISTORY. THE APOLLO STAGES AT THE VICTORIA IS A DEDICATED ARTISTIC HOME FOR EARLY- AND MID-CAREER ARTISTS OF COLOR ACROSS DISCIPLINES AND A SPACE FOR LARGER DEVELOPMENTAL RESIDENCIES. THE THEMES OF ERASURE, DEFIANCE, DISRUPTION, ACTIVISM, AND SOCIAL JUSTICE WERE WOVEN INTO MORE THAN 80 ARTISTIC OFFERINGS THROUGHOUT THE SEASON.
EDUCATION AND COMMUNITY ENGAGEMENTTHE APOLLO REMAINS A LEADING CULTURAL ANCHOR FOR UPPER MANHATTAN AND THE 125TH STREET CORRIDOR, ENGAGING AN ANNUAL AUDIENCE OF MORE THAN150,000, INCLUDING HARLEM AND...
EDUCATION AND COMMUNITY ENGAGEMENTTHE APOLLO REMAINS A LEADING CULTURAL ANCHOR FOR UPPER MANHATTAN AND THE 125TH STREET CORRIDOR, ENGAGING AN ANNUAL AUDIENCE OF MORE THAN150,000, INCLUDING HARLEM AND NEW YORK RESIDENTS AS WELL AS NATIONAL AND INTERNATIONAL TOURISTS. IN ADDITION TO PERFORMING ARTS, THE APOLLO OFFERS COMMUNITY PROGRAMS THAT ADDRESS IMPORTANT ISSUES AND MEANINGFULLY ENGAGE OUR NEIGHBORHOOD INCLUDING: A FREE ANNUAL OPEN HOUSE; APOLLO HISTORIC BACKSTAGE TOURS; SUBSIDIZED TICKETING PROGRAMS THE FREE UPTOWN HALL SERIES FOSTERING DIALOGUE AROUND PRESSING ISSUES IN OUR COMMUNITY;(CONTINUED ON SCHEDULE O)A MONTH OF FREE AND AFFORDABLE HOLIDAY PROGRAMMING EACH DECEMBER; AND AN ARRAY OF FREE AND LOW-COST PROGRAMS THROUGHOUT THE YEAR, INCLUDING A WIDE-REACHING TICKET ACCESS PROGRAM ENSURING BROAD ACCESSIBILITY TO THE THEATER'S RANGE OF PERFORMING ARTS AND ENTERTAINMENT. THE APOLLO THEATER IS COMMITTED TO ENGAGING STUDENTS AND YOUTH THROUGH INNOVATIVE EDUCATION INITIATIVES. THE APOLLO THEATER ACADEMY OFFERS HANDS-ON PROGRAMS TO DEVELOP CAREER AND LEADERSHIP SKILLS IN UNDER-SERVED TEENS BY ENGAGING THEM IN "BEHIND THE SCENES" ARTS AND ENTERTAINMENT PROFESSIONS INCLUDING TECHNICAL THEATER APPRENTICESHIPS, ADMINISTRATIVE INTERNSHIPS, AND INFORMATIVE PANEL DISCUSSIONS. THE APOLLO ORAL HISTORY PROJECT IS AN IN-DEPTH IN-SCHOOL PROGRAM WHERE HARLEM STUDENTS TRANSFORM LOCAL HISTORY INTO ORIGINAL THEATRICAL AND MULTIMEDIA PROJECTS. EXTENDING THE APOLLO EXPERIENCE TO A NEW GENERATION OF THEATERGOERS WHILE SUPPORTING CLASSROOM LEARNING AND IN-SCHOOL WORK, SCHOOL DAY LIVE AND FAMILY SHOWTIME PERFORMANCES ALLOW MORE THAN 11,000 STUDENTS, TEACHERS, AND FAMILIES TO EXPERIENCE WORLD-CLASS PERFORMING ARTS PRESENTATIONS ON THE APOLLO STAGES. THROUGH ITS PERFORMING ARTS PROGRAM, EDUCATION AND COMMUNITY INITIATIVES, AND OTHER ENDEAVORS SUCH AS DIGITAL MEDIA AND THE ARCHIVES, THE ICONIC APOLLO THEATER EXTENDS ITS LEGACY AS A WORLD RENOWNED PERFORMING ARTS CENTER AND A NURTURING HOME FOR DIVERSE ARTISTS. THE THEATER CONTINUES TO SHOWCASE POPULAR AND EMERGING TALENT AND ENGAGE AUDIENCES WITH ITS ARTISTIC, EDUCATION AND COMMUNITY PROGRAMMING. WITH DEMONSTRATED LONGEVITY AS A SIGNIFICANT AMERICAN CULTURAL CENTER, THE APOLLO REMAINS A CELEBRATED AND ACCESSIBLE VENUE FOR DIVERSE AUDIENCES, ARTISTS AND COMMUNITIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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