TEATRO GRATTACIELO 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

1994

Legal Domicile

Principal Officer

STEFANOS KORONEOS

Phone

2125957127

Tax Period

2024-01-01 to 2024-12-31

TEATRO GRATTACIELO INC, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $407K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $388K left a modest 5% surplus.

Mission

TEATRO GRATTACIELO PROMOTES THE RICH TRADITION OF OPERA BY REVITALIZING LESSER-KNOWN WORKS, COMMISSIONING NEW OPERAS, AND SUPPORTING EMERGING ARTISTS. DEDICATEED TO MAKING OPERA ACCESSIBLE TO EVERY CORNER OF NEW YORK CITY, THE ORGANIZATION CONNECTS WITH COMMUNITIES OF ALL CULTURAL, SOCIAL AND ECONOMIC EXPERIENCES, CONTRIBUTING TO THE SUSTAINABILITY OF THE ART FORM.

Program Service Accomplishments

Program 1

Expenses: $285,067 Revenue: $16,935

TEATRO GRATTACIELO PRODUCED 4 OPERAS (THE WORLD PREMIERE OF BEYOND THE HORIZON BY NICHOLAS FLAGELLO, GAETONA DONIZETTIS ELIXER OF LOVE, AND TWO CO-PORDUCTIONS PRESENTED IN NEW JERSEY AND GREECE)...

TEATRO GRATTACIELO PRODUCED 4 OPERAS (THE WORLD PREMIERE OF BEYOND THE HORIZON BY NICHOLAS FLAGELLO, GAETONA DONIZETTIS ELIXER OF LOVE, AND TWO CO-PORDUCTIONS PRESENTED IN NEW JERSEY AND GREECE), CONTINUED TO EXPAND ITS FREE EDUCATIONAL PROGRAM CREATIVE TABLEAUX WITH THE ADDITION OF WORK-BASED LEARNING INTERNSHIPS, AND CELEBRATED ITS 30TH ANNIVERSARY WITH A GALA AT THE COLUMBUS CITIZENS FOUNDATION. THE ORGANIZATION PROVIDED PAID WORK TO OVER 90 ARTISTS AND SUPPORTED EMERGING TALENT THROUGH PROFESSIONAL PERFORMANCE OPPORTUNITIES AND COMMUNITY COLLABORATIONS ACROSS NEW YORK CITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $389,821

Program Service Revenue $16,935

Investment Income $0

Other Revenue $0

TOTAL REVENUE $406,756

Expense Breakdown

Grants Paid $420

Salaries & Benefits $154,330

Fundraising Expenses $19,831

Program Expenses $285,067

Other Expenses $233,281

TOTAL EXPENSES $388,031

Year-over-Year Comparison

	2024	2023	Change
Revenue	$406,756	$356,621	+0.1%
Expenses	$388,031	$353,684	+0.1%
Net Income	$18,725	$2,937	+5.4%

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

Volunteers

N/A

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

$60,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEFANOS KORONEOS	GENERAL AND ARTISTICC DIRECTOR	40.00	Officer	$60,000	$0	$60,000
ENZO PIZZIMENTI	CHAIRMAN OF THE BOARD	10.00	Officer Director	$0	$0	$0
KATHARINE MAXWELL	EDUCATIONAL OUTREACH OFFICER	1.00	Director	$0	$0	$0
DAVID SANTIAGO	CULTURAL OUTREACH OFFICER	1.00	Director	$0	$0	$0
JUDI KENDE	TREASURER	1.00	Officer Director	$0	$0	$0
SUZANNE MARIE MUSHO	STRATEGIC PLANNING	1.00	Director	$0	$0	$0
DUANE D PRINTZ	FOUNDING DIRECTOR	1.00	Director	$0	$0	$0
LOUIS A TALLARINI	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN DAVID METCALFE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARCO MASTRACCI	BOARD MEMBER	1.00	Director	$0	$0	$0
JANA KING	COMMUNITY ENGAGEMENT OFFICER	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
2025	No data	No data	No data	No data
2024	$406,756	$388,031	$282,970	$18,725
2023	$356,621	$353,684	$169,297	$2,937
2022	$345,867	$340,442	$166,477	$5,425
2021	$383,568	$292,215	$157,766	$91,353
2020	$152,269	$90,653	$69,459	$61,616
2019	$120,646	$126,384	$3,703	$-5,738
2018	$65,753	$141,777	$6,409	$-76,024