TOWN HALL FOUNDATION INC

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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

1978

Legal Domicile

Principal Officer

NEVIN STEINBERG

Phone

2129971003

Tax Period

2023-09-01 to 2024-08-31

TOWN HALL FOUNDATION INC, founded in 1978, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.8M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATION'S PRIMARY MISSION AND PURPOSE IS THE SUPPORT AND PRESERVATION OF THE TOWN HALL, A NATIONAL HISTORIC LANDMARK BUILDING OF HISTORICAL SIGNIFICANCE. THIS IS ACCOMPLISHED WITH THE PRESENTATION OF EDUCATIONAL AND ARTISTIC EVENTS IN THE BUILDING'S AUDITORIUM AND IN PUBLIC SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $3,852,864 Revenue: $3,967,553

PRODUCTION ACTIVITIES TOWN HALL PRODUCED EDUCATIONAL AND ARTISTIC EVENTS AND PROGRAMS.

Program 2

Expenses: $2,900,654 Revenue: $2,986,999

HALL RENTAL ACTIVITIES RENTING THE PREMISES TO OTHERS FOR PRODUCTION OF EDUCATIONAL AND ARTISTIC EVENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $704,263

Program Service Revenue $6,954,552

Investment Income $104,166

Other Revenue $0

TOTAL REVENUE $7,762,981

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,219,137

Fundraising Expenses $265,875

Program Expenses $6,753,518

Other Expenses $4,433,373

TOTAL EXPENSES $7,652,510

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,762,981	$6,384,160	+0.2%
Expenses	$7,652,510	$6,561,791	+0.2%
Net Income	$110,471	$-177,631	-1.6%

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

$181,980

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEVIN STEINBERG	PRESIDENT	6.00	Officer Director	$0	$0	$0
TOM WIRTSHAFTER	PRESIDENT EMERITUS	2.00	Officer Director	$0	$0	$0
MARVIN LEFFLER	PRESIDENT EMERITUS	2.00	Officer Director	$0	$0	$0
RITA ROBBINS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SUSAN ZOHN	EXECUTIVE VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JOAN RALL	TREASURER	4.00	Officer Director	$0	$0	$0
DAVID MCCARTHY	TREASURER (THROUGH 1/18/24)	4.00	Officer Director	$0	$0	$0
TIMOTHY STAMBAUGH	SECRETARY	4.00	Officer Director	$0	$0	$0
ELLEN MILLER-WACHTEL	GENERAL COUNSEL	4.00	Director	$0	$0	$0
TENIOLA ADEDIPE	TRUSTEE	1.00	Director	$0	$0	$0
SHAUNA DENKENSOHN	TRUSTEE (THROUGH 1/18/24)	1.00	Director	$0	$0	$0
ANNE FRANK-SHAPIRO	TRUSTEE	1.00	Director	$0	$0	$0
JOHN A JENKINS	TRUSTEE	2.00	Director	$0	$0	$0
FRED GABRIEL	TRUSTEE	1.00	Director	$0	$0	$0
NATALIE MORENO	TRUSTEE	2.00	Director	$0	$0	$0
MADHU SOUTHWORTH	TRUSTEE	1.00	Director	$0	$0	$0
GITA GUPTE	TRUSTEE	1.00	Director	$0	$0	$0
JAMES SHACKELFORD	TRUSTEE	2.00	Director	$0	$0	$0
TED LAMBERT	EXECUTIVE DIRECTOR	40.00	Officer	$181,980	$0	$181,980
MELAY ARAYA	ARTISTIC DIRECTOR	40.00	Highest	$152,604	$0	$152,604

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	No data	No data	No data	No data
2024	$7,762,981	$7,652,510	$12,384,829	$110,471
2023	$6,384,160	$6,561,791	$12,426,826	$-177,631
2022	$7,125,964	$5,934,634	$11,234,832	$1,191,330
2021	$2,221,507	$2,593,837	$8,596,190	$-372,330
2020	$5,211,438	$5,295,939	$7,007,712	$-84,501
2019	$6,697,513	$5,916,937	$6,646,913	$780,576
2018	$5,214,400	$4,881,633	$6,033,192	$332,767