Millburn, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Paper Mill Playhouse, founded in 1938, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $31.4M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $28.2M left a modest 10% surplus.
MISSION PAPER MILL PLAYHOUSE ENTERTAINS, INSPIRES, AND ENRICHES LIVES. AS THE NATION'S PREMIER MUSICAL THEATER, WE FOSTER A CREATIVE ENVIRONMENT TO ADVANCE THE ART FORM, EDUCATE STUDENTS, DEVELOP FUTURE THEATER LOVERS, NURTURE INCLUSION, AND PROVIDE ACCESS FOR ALL. VISION THE VISION OF PAPER MILL PLAYHOUSE IS TO BE INTERNATIONALLY RECOGNIZED AS THE LEADING MUSICAL THEATER WHERE NEW AND REIMAGINED MUSICALS AND INNOVATIVE EDUCATION PROGRAMS ARE CULTIVATED. PAPER MILL PLAYHOUSE IS THE PLACE WHERE ARTISTS, THEATER LOVERS, AND STUDENTS COME TOGETHER TO REALIZE THEIR CREATIVITY AND TO BE INSPIRED BY THE THEATER'S UNMATCHED PASSION AND COMMITMENT TO EXCELLENCE.
Paper Mill Playhouse has been a cherished New Jersey arts institution for 86 years, with a national reputation that continues to grow. As a producing theater, Paper Mill's collaboration with other...
Paper Mill Playhouse has been a cherished New Jersey arts institution for 86 years, with a national reputation that continues to grow. As a producing theater, Paper Mill's collaboration with other regional theaters and leading independent producers brings audiences the best in musical theater, from celebrated revivals to groundbreaking new works. Education and outreach programs nurture young people's creativity and empathy. Paper Mill brings decades of leadership in cultural access and is at the forefront of autism-friendly theater. Paper Mill Playhouse received the 2016 Regional Theatre Tony Award in recognition of its contribution to the national field. During the FY25 season, Paper Mill produced new productions of "Jersey Boys", "White ChristmasDisney's "The Little Mermaid" which all played to near capacity audiences. The season also included the popular new musical "Mystic Pizza", and the world premiere of "Take the Lead". Several new marketing and program initiatives introduced new, younger and more diverse audiences to Paper Mill throughout the season. During this season, the Paper Mill production of The Great Gatsby continued to run on Broadway and opened in London's West End. In October 2024, Paper Mill launched the public phase of the Next Act Campaign, a $43.7 Million capital campaign to renovate Paper Mill's facilities and grounds. The campaign will fund a multi-phased renovation project that will include a more welcoming lobby and front-of-house experience for patrons, an expansion of our Carriage House restaurant, and necessary back-of-house and campus-wide improvements. Construction on the back-of-house phase began in the spring of 2024. Paper Mill is still recovering from the effects of the Covid 19 pandemic. The company has experienced a significant increase in expenses, and a decline in the subscriber audience base and associated revenues, since re-opening in 2021.
Paper Mill's Education, Outreach and Access programs engage young people in the joy of live theater through the Adopt-A-School Project, Paper Mill Theater School, Rising Star Awards, Summer Musical...
Paper Mill's Education, Outreach and Access programs engage young people in the joy of live theater through the Adopt-A-School Project, Paper Mill Theater School, Rising Star Awards, Summer Musical Theater Conservatory and its New Voices concerts, and Theater for Young Audiences. Paper Mill has decades of leadership in breaking barriers to the arts, including accessibility for individuals with disabilities and cultural partnerships with New Jersey's schools and community-based organizations. As the first theater in the country to present a comprehensive autism-friendly performance, Paper Mill has expanded its offerings of welcoming and inclusive shows, theater classes and outreach for children with autism and developmental disabilities, their families and friends.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $31,356,415 | $28,554,805 | +0.1% |
| Expenses | $28,173,069 | $29,887,431 | -0.1% |
| Net Income | $3,183,346 | $-1,332,626 | -3.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MICHAEL STOTTS | EXECUTIVE DIRECTOR | 40.0 |
Officer
|
$360,537 | $23,912 | $384,449 |
| MARK S HOEBEE | Artistic Director | 40.0 |
Officer
|
$374,619 | $8,025 | $382,644 |
| LAURA GREEN | DIRECTOR OF PRODUCTION | 40.0 |
Highest
|
$160,562 | $23,580 | $184,142 |
| Cody A Andrus | DirECTOR of Marketing | 40.0 |
Highest
|
$138,711 | $37,197 | $175,908 |
| JOSHUA COHEN | DIRECTOR OF FINANCE | 40.0 |
Highest
|
$139,191 | $30,657 | $169,848 |
| ANDREW KAWCZYNSKI | HEAD ELECTRICIAN | 40.0 |
Highest
|
$140,324 | $26,963 | $167,287 |
| THOMAS BRENNAN | MASTER CARPENTER | 40.0 |
Highest
|
$138,365 | $23,764 | $162,129 |
| CAROLYN FEROLITO | Chair | 3.0 |
Officer
Director
|
$0 | $0 | $0 |
| TED BOURKE | Vice-Chair | 3.0 |
Officer
Director
|
$0 | $0 | $0 |
| HOWARD HIRSCH | Vice-Chair | 3.0 |
Officer
Director
|
$0 | $0 | $0 |
| DEBORAH KENNEDY | Vice-Chair | 3.0 |
Officer
Director
|
$0 | $0 | $0 |
| Glenn Yarnis | Secretary | 3.0 |
Officer
Director
|
$0 | $0 | $0 |
| Joan Palermo | Treasurer | 3.0 |
Officer
Director
|
$0 | $0 | $0 |
| Howard Albert | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| BOB ALLISON | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| AUDREY BARTNER | board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| RUTHI BYRNE | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| ROBERT CLARKE | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| CUONG DO | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| JAMES FAKULT | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| JANE HIGGINS | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| Josh Jacobstein | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| DALE LAZAROVITCH | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| ALEXANDER MCDONALD | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| IAN MOUNT | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| NUNO RODRIGUES | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| RITA SALLIS | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| Maida Tansey | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| ELSA THOMAS | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| Beth Vartuli | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| Lana Gold Walder | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| Nancy Weeks | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| Matthew Wilcox | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Kevin Worley | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Paula Alston | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Sofia Cocoziello | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Rick Davis | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Meghan Farley-Astrachan | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Christian Giordano | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $31,356,415 | $28,173,069 | $60,409,575 | $3,183,346 |
| 2024 | $28,554,805 | $29,887,431 | $54,148,559 | $-1,332,626 |
| 2023 | $32,536,218 | $31,724,303 | $53,443,307 | $811,915 |
| 2022 | $43,681,310 | $19,532,770 | $40,080,075 | $24,148,540 |
| 2021 | $8,770,993 | $6,806,559 | $20,009,816 | $1,964,434 |
| 2020 | $16,157,800 | $17,490,705 | $17,732,014 | $-1,332,905 |
| 2019 | $21,161,654 | $19,360,109 | $19,298,883 | $1,801,545 |
| 2018 | $21,982,734 | $19,808,043 | $16,695,441 | $2,174,691 |
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