GARDEN STATE THEATRE ORGAN SOCIETY INC (EIN 237328116) - 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

1974

Legal Domicile

Principal Officer

LEON POPICK

Phone

2672498964

Tax Period

2024-01-01 to 2024-12-31

GARDEN STATE THEATRE ORGAN SOCIETY INC, founded in 1974, is a micro nonprofit that reported $36K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $31K left a modest 13% surplus.

Mission

GARDEN STATE THEATRE ORGAN SOCIETY, INC. IS DEDICATED TO THE RESTORATION AND PRESERVATION OF THE THEATRE PIPE ORGAN AND ITS MUSIC IN NEW JERSEY.

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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 $39,935

Program Service Revenue $3,280

Investment Income $-7,561

Other Revenue $53

TOTAL REVENUE $35,707

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $29,802

Other Expenses $31,167

TOTAL EXPENSES $31,167

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,707	$56,234	-0.4%
Expenses	$31,167	$27,330	+0.1%
Net Income	$4,540	$28,904	-0.8%

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
BERNIE ANDERSON	1ST VP	N/A	Officer Director	$0	$0	$0
MICHAEL CIPOLLETTI	PRESIDENT	N/A	Officer Director	$0	$0	$0
PAUL CITTI	2ND VP	N/A	Officer Director	$0	$0	$0
CATHY MARTIN	SECRETARY	N/A	Officer Director	$0	$0	$0
LEON POPICK	TREASURER	N/A	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
2024	$35,707	$31,167	$1,885,693	$4,540
2023	$56,234	$27,330	$1,635,039	$28,904
2022	$79,051	$55,397	$1,427,091	$23,654
2021	$86,037	$26,735	$1,571,592	$59,302
2020	$60,619	$14,319	$1,356,927	$46,300
2019	$43,972	$26,326	$1,262,896	$17,646
2018	$41,364	$26,748	$1,097,965	$14,616

GARDEN STATE THEATRE ORGAN SOCIETY INC