NEW FREEDOM THEATRE INC (EIN 231984407) - 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

1968

Legal Domicile

Principal Officer

CHRIS PERKS

Phone

2676871764

Tax Period

2020-09-01 to 2021-08-31

NEW FREEDOM THEATRE INC, founded in 1968, is a small nonprofit that reported $134K in total revenue in fiscal year 2020. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $349K exceeded revenue, resulting in a 160% operating deficit.

Mission

THE ORGANIZATION IS DEDICATED TO PROVIDING ANNUALSEASONS OF PROFESSIONAL PLAYS AND PERFORMING ARTS TRAINING TO FOSTER LEADERSHP AND MULTICULTURAL UNDERSTANDING IN THE PHILADELPHIA METROPOLITAN AREA.

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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 (2020)

Revenue Breakdown

Contributions & Grants $32,034

Program Service Revenue $0

Investment Income $102,066

Other Revenue $0

TOTAL REVENUE $134,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $30,373

Program Expenses $271,288

Other Expenses $348,712

TOTAL EXPENSES $348,712

Year-over-Year Comparison

	2020	2019	Change
Revenue	$134,100	$471,964	-0.7%
Expenses	$348,712	$384,529	-0.1%
Net Income	$-214,612	$87,435	-3.5%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR DAMEON ALEXANDER	DIRECTOR	5.00	Director	$0	$0	$0
LEROY TICE ESQ	DIRECTOR	5.00	Director	$0	$0	$0
LORENZO HARRIS	DIRECTOR	5.00	Director	$0	$0	$0
KARL JENKINS	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
CHRIS PERKS	TREASURER	5.00	Officer Director	$0	$0	$0
JILL SCOTT	DIRECTOR	5.00	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
2021	$134,100	$348,712	$7,682,133	$-214,612
2020	$471,964	$384,529	$7,906,681	$87,435
2019	$169,385	$339,624	$7,820,121	$-170,239
2018	$307,045	$359,545	$8,000,238	$-52,500

NEW FREEDOM THEATRE INC