MCCARTER THEATRE COMPANY (EIN 210724198) - 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

1960

Legal Domicile

Principal Officer

MARTIN MILLER

Phone

6092586500

Tax Period

2024-07-01 to 2025-06-30

MCCARTER THEATRE COMPANY, founded in 1960, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $14.7M in total revenue in fiscal year 2024. Net assets of $32.0M represent 26 months of operating reserves.

Mission

MCCARTER IS ONE OF COUNTRY'S FLAGSHIP PRODUCING THEATRES, A VIBRANT COMMUNITY GATHERING SPACE, AND CENTER FOR THE PERFORMING ARTS.

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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 $4,957,926

Program Service Revenue $7,641,235

Investment Income $2,038,670

Other Revenue $82,428

TOTAL REVENUE $14,720,259

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,711,760

Fundraising Expenses $1,021,802

Program Expenses $12,897,357

Other Expenses $6,743,113

TOTAL EXPENSES $15,454,873

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,720,259	$13,907,448	+0.1%
Expenses	$15,454,873	$14,568,107	+0.1%
Net Income	$-734,614	$-660,659	+0.1%

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

235

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

$828,650

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIELA BONAFEDE-CHHABRA	PRESIDENT	10.00	Officer Director	$0	$0	$0
ASHLEY AITKEN-DAVIES	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
NEHA DESAI SHAH	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
BEN HAMMOND	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
JAMES P HERRING	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
ELLIOT ASARNOW	TREASURER	2.00	Officer Director	$0	$0	$0
RITA MCGRATH	SECRETARY	2.00	Officer Director	$0	$0	$0
RHONDA ADAMS-MEDINA	TRUSTEE	1.00	Director	$0	$0	$0
JAMES BARROOD	TRUSTEE	1.00	Director	$0	$0	$0
CLAUDINA BONETTI	TRUSTEE	1.00	Director	$0	$0	$0
CARMELO CINTRON	TRUSTEE	1.00	Director	$0	$0	$0
JOHN CLARKE	TRUSTEE (THRU 1/25)	1.00	Director	$0	$0	$0
ANDREW FARRIS	TRUSTEE	1.00	Director	$0	$0	$0
BONNIE GUTH	TRUSTEE	1.00	Director	$0	$0	$0
ERIC HAGIN	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH MCNEILLY	TRUSTEE	1.00	Director	$0	$0	$0
ROHIT MEHROTRA	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT A MINTZ	TRUSTEE (THRU 6/25)	1.00	Director	$0	$0	$0
AQUATIA L OWENS	TRUSTEE	1.00	Director	$0	$0	$0
DOUGLAS PALMER	TRUSTEE (THRU 6/25)	1.00	Director	$0	$0	$0
PAMELA PRUITT	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD QUINN	TRUSTEE	1.00	Director	$0	$0	$0
W ROCHELLE CALHOUN	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL ROSE	TRUSTEE	1.00	Director	$0	$0	$0
KIM SWANN	TRUSTEE	1.00	Director	$0	$0	$0
MARK THIERFELDER	TRUSTEE (THRU 1/25)	1.00	Director	$0	$0	$0
JESSE TREU	TRUSTEE	1.00	Director	$0	$0	$0
DAVID WALKER	TRUSTEE	1.00	Director	$0	$0	$0
SARAH RASMUSSEN	ARTISTIC DIRECTOR	40.00	Officer	$328,439	$50,931	$379,370
MARTIN MILLER	EXECUTIVE DIRECTOR	40.00	Officer	$335,966	$17,552	$353,518
SUDHA IYER	CFO (THRU 9/24)	40.00	Officer	$84,911	$10,851	$95,762
TONI MARIE DAVIS	DIRECTOR OF FINANCE (FROM 1/25)	40.00	Officer	$0	$0	$0
JOE PEACOCK	DIRECTOR OF DEVELOPMENT	40.00	Highest	$145,064	$12,973	$158,037
KELLY RYMAN	DIRECTOR OF MKTG & AUDIENCE STRATEGY	40.00	Highest	$145,049	$31,443	$176,492
PAULA ABREU	DIRECTOR OF PRESENTED PROGRAMMING	40.00	Highest	$141,110	$31,923	$173,033
DEBBIE BISNO	DIRECTOR OF UNIVERSITY & ARTISTIC PARTNERSHIPS	40.00	Highest	$138,160	$17,199	$155,359
DIXIE UFFELMAN	DIRECTOR OF PRODUCTION	40.00	Highest	$118,993	$32,101	$151,094

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	$14,720,259	$15,454,873	$36,094,924	$-734,614
2024	No data	No data	No data	No data
2023	$9,197,183	$13,817,604	$37,715,976	$-4,620,421
2022	$14,338,092	$11,363,913	$43,142,569	$2,974,179
2021	$7,589,397	$5,031,427	$42,200,271	$2,557,970
2020	$11,621,825	$11,861,824	$28,336,036	$-239,999
2019	$12,229,189	$13,174,085	$30,224,958	$-944,896

MCCARTER THEATRE COMPANY