MUSICALFARE THEATRE COMPANY 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

SUSAN GRELICK

Phone

7168398565

Tax Period

2024-09-01 to 2025-08-31

MUSICALFARE THEATRE COMPANY INC, founded in 1994, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 4% surplus.

Mission

A PROFESSIONAL GROUP DESIGNED TO BRING TOP QUALITY MUSICAL PRODUCTIONS TO THE WESTERN NEW YORK PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $1,237,195 Revenue: $1,775,632

DURING THE 2024-25 SEASON, MUSICALFARE PRODUCED 4 MUSICAL THEATRE PRODUCTIONS FOR A TOTAL OF 119 PERFORMANCES AT ITS AMHERST MAINSTAGE, 1 MUSICALFARE THEATRE PRODUCTION FOR A TOTAL OF 12 PERFORMANCES AT SHEA'S 710 IN DOWNTOWN BUFFALO, AND 17 CABARET PERFORMANCES AT ITS CABARET IN AMHERST. A TOTAL OF 20,716 PATRONS ATTENDED THESE PERFORMANCES. ONCE AGAIN, MUSICALFARE CONTINUED TO OFFER AFFORDABLE TICKETS TO ITS QUALITY MUSICAL THEATRE PRODUCTIONS WITH 1/2 PRICE DISCOUNTS FOR ITS PREVIEW PERFORMANCES, GREATLY REDUCED TICKET PRICES FOR STUDENTS AND VETERANS, AND FREE TICKETS OFFERED THROUGH THE ARTS ACCESS PROGRAM OF ARTS SERVICES INC.

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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 $931,258

Program Service Revenue $790,163

Investment Income $19,142

Other Revenue $35,069

TOTAL REVENUE $1,775,632

Expense Breakdown

Grants Paid $0

Salaries & Benefits $964,335

Fundraising Expenses $239,770

Program Expenses $1,237,195

Other Expenses $735,158

TOTAL EXPENSES $1,699,493

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,775,632	$1,414,834	+0.3%
Expenses	$1,699,493	$1,742,609	0.0%
Net Income	$76,139	$-327,775	-1.2%

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

112

Volunteers

140

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

$146,629

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	EXECUTIVE DI	40.00	Officer	$100,146	$46,483	$146,629
SUSAN GRELICK	PRESIDENT/BR	2.00	Officer Director	$0	$0	$0
ANDREA GALLAGHER	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
DANIEL HURLEY	TREASURER /	2.00	Officer Director	$0	$0	$0
JENNIFER OWEN	SECRETARY/BR	2.00	Officer Director	$0	$0	$0
JOSEPH ABOUZEID	BOARD MEMBER	0.50	Director	$0	$0	$0
RACHAEL BROWN	BOARD MEMBER	0.50	Director	$0	$0	$0
PATRICIA CLABEAUX	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID CRISTANTELLO	CHAIR/BOARD	1.00	Director	$0	$0	$0
THOMAS DIXON	BOARD MEMBER	0.50	Director	$0	$0	$0
KELLY MARKS	CHAIR/BOARD	1.00	Director	$0	$0	$0
TONY DELMONTE	BOARD MEMBER	0.50	Director	$0	$0	$0
ERIC HEUSINGER	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID WEDEKINDT	CHAIR/BOARD	1.00	Director	$0	$0	$0
CARISSA LEONE	BOARD MEMBER	0.50	Director	$0	$0	$0
BRANDYE MERRIWEATHER	BOARD MEMBER	0.50	Director	$0	$0	$0
MELISSA PAULL GOLDBERG	BOARD MEMBER	0.50	Director	$0	$0	$0
RICHARD SATTERWHITE	BOARD MEMBER	0.50	Director	$0	$0	$0
BRENDAN STONE	BOARD MEMBER	0.50	Director	$0	$0	$0
HAYLEY SULLIVAN	BOARD MEMBER	0.50	Director	$0	$0	$0
GREG URBAN	BOARD MEMBER	0.50	Director	$0	$0	$0
TERRY ALFORD	BOARD MEMBER	0.50	Director	$0	$0	$0
MARK NOTARIUS	BOARD MEMBER	0.50	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	$1,775,632	$1,699,493	$920,077	$76,139
2024	$1,414,834	$1,742,609	$669,879	$-327,775
2023	$1,550,382	$1,713,566	$1,040,904	$-163,184
2022	$1,734,114	$1,241,859	$1,128,491	$492,255
2021	$718,109	$675,473	$1,024,185	$42,636
2020	$1,171,541	$1,249,905	$665,281	$-78,364
2019	$1,370,265	$1,371,672	$732,468	$-1,407
2018	$1,291,499	$1,297,379	$747,497	$-5,880