NEW HAZLETT CENTER FOR THE PERFORM… - Form 990 Financial Data

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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

2004

Legal Domicile

Principal Officer

RENE CONRAD

Phone

4123204610

Tax Period

2024-07-01 to 2025-06-30

NEW HAZLETT CENTER FOR THE PERFORMING ARTS, founded in 2004, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.3M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE A NURTURING, COLLABORATIVE ENVIRONMENT FOR ARTISTS, LEVERAGING PEOPLE, SPACE AND TECHNOLOGY TO CREATE AND PRESENT CHALLENGING AND DYNAMIC ART.

Program Service Accomplishments

Program 1

Expenses: $676,394 Revenue: $304,201

THE THEATER SUPPORTED THE PRESENTATION OF LIVE THEATRICAL PRODUCTIONS, DANCE PERFORMANCES, AND MUSIC EVENTS FOR AUDIENCES OF 300-500 ATTENDEES. THE THEATER SERVES AS A STABLE, AFFORDABLE HOME FOR...

THE THEATER SUPPORTED THE PRESENTATION OF LIVE THEATRICAL PRODUCTIONS, DANCE PERFORMANCES, AND MUSIC EVENTS FOR AUDIENCES OF 300-500 ATTENDEES. THE THEATER SERVES AS A STABLE, AFFORDABLE HOME FOR PITTSBURGH'S DIVERSE SMALL ARTS GROUPS, PROVIDING MODERN EQUIPMENT, KNOWLEDGEABLE TECHNICAL STAFF, FUNCTIONAL DRESSING ROOMS, AND FLEXIBLE SPACES.

Program 2

Expenses: $185,928 Revenue: $14,353

THE THEATER WORKS WITH EMERGING AND MID-CAREER PERFORMING ARTISTS AND THEATRICAL DESIGNERS TO PRODUCE A NEW WORK OR WORK CURRENTLY IN DEVELOPMENT FOR PERFORMANCE AT THE THEATER. THE THEATER PROVIDES A STIPEND TO EACH ARTIST AS WELL AS SIGNIFICANT SUPPORT INCLUDING USE OF THE THEATER, REHEARSAL SPACE, TECHNICAL LABOR, EQUIPMENT, DOCUMENTATION, AND MARKETING. THEATER STAFF MENTOR EACH ARTIST THROUGH THE PROJECT THROUGHOUT THE YEAR, PROVIDING THE ARTISTS WITH EXPERIENCE IN ALL FACETS OF PROJECT MANAGEMENT AND THE SKILLS REQUIRED FOR SHEPHERDING FUTURE PROJECTS ON THEIR OWN.

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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 $758,059

Program Service Revenue $318,554

Investment Income $57,697

Other Revenue $28,176

TOTAL REVENUE $1,162,486

Expense Breakdown

Grants Paid $0

Salaries & Benefits $760,361

Fundraising Expenses $145,397

Program Expenses $862,322

Other Expenses $559,519

TOTAL EXPENSES $1,331,444

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,162,486	$1,121,222	+0.0%
Expenses	$1,331,444	$1,235,130	+0.1%
Net Income	$-168,958	$-113,908	+0.5%

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

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

$108,392

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN GILLIS KRUMAN	PRESIDENT	1.50	Officer Director	$0	$0	$0
MELANIE LUCHT	VICE PRESIDENT	1.50	Officer Director	$0	$0	$0
JONATHAN FORTIER	SECRETARY	1.50	Officer Director	$0	$0	$0
SHANE GASTECKI	TREASURER	1.50	Officer Director	$0	$0	$0
BEVIN BAKER	DIRECTOR	1.00	Director	$0	$0	$0
GODFREY BETHEA JR	DIRECTOR	1.00	Director	$0	$0	$0
SARAH COLLEGE	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS J GIANARIS	DIRECTOR	1.00	Director	$0	$0	$0
LAURA GREENAWALT	DIRECTOR	1.00	Director	$0	$0	$0
MIKE LARSON-EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD E RAUH	DIRECTOR	1.00	Director	$0	$0	$0
EVAN STEIN	DIRECTOR	1.00	Director	$0	$0	$0
ROB ZELLERS	DIRECTOR	1.00	Director	$0	$0	$0
DANA FRUZYNSKI	DIRECTOR - THROUGH 10/24	1.00	Director	$0	$0	$0
REBECCA CULYBA	DIRECTOR - THROUGH 4/25	1.00	Director	$0	$0	$0
RENE CONRAD	EXECUTIVE DIRECTOR	40.00	Officer	$100,797	$7,595	$108,392

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	$1,162,486	$1,331,444	$3,201,826	$-168,958
2024	$1,121,222	$1,235,130	$3,341,309	$-113,908
2023	$952,572	$1,080,920	$3,450,265	$-128,348
2022	$1,625,850	$1,018,573	$3,730,888	$607,277
2021	$1,117,852	$733,839	$3,067,616	$384,013
2020	$1,403,501	$939,132	$2,644,436	$464,369
2019	$868,798	$893,871	$2,225,927	$-25,073

NEW HAZLETT CENTER FOR THE PERFORMING ARTS