KLEINHANS MUSIC HALL MANAGEMENT INC (EIN 160743064) - 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

1940

Legal Domicile

Principal Officer

DANIEL HART

Phone

7168850331

Tax Period

2024-07-01 to 2025-06-30

KLEINHANS MUSIC HALL MANAGEMENT INC, founded in 1940, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.1M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $5.9M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO MAINTAIN AND OPERATE KLEINHANS MUSIC HALL IN THE CITY OF BUFFALO.

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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 $3,464,850

Program Service Revenue $1,566,240

Investment Income $0

Other Revenue $44,823

TOTAL REVENUE $5,075,913

Expense Breakdown

Grants Paid $0

Salaries & Benefits $520,285

Fundraising Expenses $0

Program Expenses $5,660,460

Other Expenses $5,374,855

TOTAL EXPENSES $5,895,140

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,075,913	$4,392,376	+0.2%
Expenses	$5,895,140	$4,960,692	+0.2%
Net Income	$-819,227	$-568,316	+0.4%

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

115

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

$498,370

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMY OCZEK	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
KAREN ARRISON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CINDY ABBOTT-LETRO	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER ELIOPOULOS	TREASURER	1.00	Officer Director	$0	$0	$0
TANIA WERBIZKY	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID RIVERA	BOARD MEMBER	1.00	Director	$0	$0	$0
AKRUTI BABARIA	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL HART	EXECUTIVE DIRECTOR	1.00	Officer	$0	$25,233	$357,015
KEVIN JAMES	VP OF FINANCE AND ADMINISTRATION	1.00	Officer	$0	$23,543	$141,355

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	$5,075,913	$5,895,140	$3,981,218	$-819,227
2024	$4,392,376	$4,960,692	$5,194,430	$-568,316
2023	$6,443,241	$4,461,611	$6,279,403	$1,981,630
2022	$3,008,145	$1,209,771	$2,473,828	$1,798,374
2021	$422,317	$477,009	$647,647	$-54,692
2020	$597,405	$694,409	$861,829	$-97,004
2019	$826,316	$764,478	$951,491	$61,838

KLEINHANS MUSIC HALL MANAGEMENT INC