Passage Theatre Company Inc

EIN: 222679031 501(c)(3) Arts, Culture & Humanities

Trenton, NJ

Total Revenue
$679,223
Total Expenses
$728,607
Total Assets
$82,439
Net Assets
$-10,391
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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

Legal Domicile
NJ
Phone
6093920766
Tax Period
2024-07-01 to 2025-06-30

Passage Theatre Company Inc is a small nonprofit in the Arts, Culture & Humanities sector that reported $679K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

The Passage Theatre Company is committed to the creation and production of socially relevant new plays and community devised arts programming that transforms the lives of individuals and community.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $569,746
Program Service Revenue $49,362
Investment Income $0
Other Revenue $60,115
TOTAL REVENUE $679,223

Expense Breakdown

Grants Paid $0
Salaries & Benefits $301,442
Fundraising Expenses $144,425
Program Expenses $444,798
Other Expenses $427,165
TOTAL EXPENSES $728,607

Year-over-Year Comparison

2024 2023 Change
Revenue $679,223 $563,625 +0.2%
Expenses $728,607 $571,751 +0.3%
Net Income $-49,384 $-8,126 +5.1%
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

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Governance

Voting Members
15
Independent Members
15
Employees
25
Volunteers
50

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
5
$66,053
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brishen Miller Artistic ED 40.00
Officer
$60,322 $5,731 $66,053
Cheri Hennessy Trustee 1.00
Director
$0 $0 $0
Elvin Montero Trustee 1.00
Director
$0 $0 $0
Caroline Wylie Chairperson 3.00
Officer Director
$0 $0 $0
Jim Gordon Trustee 1.00
Director
$0 $0 $0
Chris Martin Treasurer 3.00
Officer Director
$0 $0 $0
Brian Joyce Trustee 1.00
Director
$0 $0 $0
Marelyn Rivera Trustee 1.00
Director
$0 $0 $0
Matthew Cooper Trustee 1.00
Director
$0 $0 $0
Joan Mercantini Trustee 1.00
Director
$0 $0 $0
Marcia Jaffe Trustee 1.00
Director
$0 $0 $0
Alexis Morgan Trustee 1.00
Director
$0 $0 $0
Sheree Campbell Secretary 2.00
Officer Director
$0 $0 $0
Darren Green Trustee 1.00
Director
$0 $0 $0
Beth Reddy Trustee 1.00
Director
$0 $0 $0
Rachel Brenna Trustee 1.00
Director
$0 $0 $0
D Vance Smith Vice President 2.00
Officer 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 $679,223 $728,607 $82,439 $-49,384
2024 $563,625 $571,751 $88,342 $-8,126
2023 $831,047 $630,537 $132,453 $200,510
2022 $374,831 $692,016 $54,890 $-317,185
2021 $537,193 $436,462 $178,931 $100,731
2020 $457,254 $421,916 $116,251 $35,338
2019 $424,025 $480,038 $33,145 $-56,013
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