RITZ THEATER NEWBURGH 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

2008

Legal Domicile

Principal Officer

LISA SILVERSTONE

Phone

8455626940

Tax Period

2023-01-01 to 2023-12-31

RITZ THEATER NEWBURGH INC, founded in 2008, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $5K in total revenue in fiscal year 2023. Revenue surged 81% from the prior year, signaling strong growth momentum. Expenses of $57K exceeded revenue, resulting in a 1034% operating deficit.

Mission

The Ritz Theater is the last remaining historic theater in the City of Newburgh. Neglect and fire have claimed the others. Our goals for the restoration of the Ritz are to create a venue for live performances, provide employment training and educational opportunities for the residents of the community, and provide a home for local arts and performance groups.Venue for live performance: The restoration of the Ritz Theater will connect Newburghs rich potential with surrounding communities and New York City. Currently, there are very few venues for live performance in Newburgh. The restoration will provide the community with a state-of-the-art theater.Employment training and educational opportunities: We have established a partnership with the Bardavon Opera House/Ulster Performing Arts Center. Staff of both theaters will train residents of the adjacent Cornerstone Residence and members of the community in various capacities, from light and sound operation to box office and administrative

Program Service Accomplishments

Program 1

Expenses: $56,814

DEVELOPMENT AND FOSTERING OF LIVE PERFORMANCES, LOCAL ART AND LIVE PERFORMANCE GROUPS. TO CREATE EMPLOYMENT OPPORTUNITIES FOR THE COMMUNITY AND PROVIDE A HOME FOR LOCAL ARTS AND PERFORMANCE GROUPS TO...

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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 $5,011

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,011

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $56,814

Other Expenses $56,814

TOTAL EXPENSES $56,814

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,011	$2,765	+0.8%
Expenses	$56,814	$51,975	+0.1%
Net Income	$-51,803	$-49,210	+0.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$226,191

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lisa Silverstone	Executive Dir.	10.00	Officer	$0	$0	$127,649
Cathie Jones	CFO	10.00	Officer	$0	$0	$98,542
Bridget Hayes	President	0.25	Officer Director	$0	$0	$0
Maritza Calderon-Caballero	Vice President	0.25	Officer Director	$0	$0	$0
Elizabeth Rowley	Treasurer	0.25	Officer Director	$0	$0	$0
Virginia McCurdy	Secretary	0.25	Officer Director	$0	$0	$0
Ashley Collazo	Board member	0.25	Director	$0	$0	$0
Jonathan Deull	Board member	0.25	Director	$0	$0	$0
Jacqui Jarmann	Board Member	0.25	Director	$0	$0	$0
Nancy Layne	Board member	0.25	Director	$0	$0	$0
Anusha Mehar	Board member	0.25	Director	$0	$0	$0
Likkia Moody	Board Member	0.25	Director	$0	$0	$0
Angela Paul Gaito	Board member	0.25	Director	$0	$0	$0
Jules Ridgeway	Board member	0.25	Director	$0	$0	$0
Alicia Roe	board member	0.25	Director	$0	$0	$0
Sergio Valentin	board member	0.25	Director	$0	$0	$0
Shawn Strong	board member	0.25	Director	$0	$0	$0
Willie Williams	board member	0.25	Director	$0	$0	$0
Candyce Young	board member	0.25	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	No data	No data	No data	No data
2023	$5,011	$56,814	$734,534	$-51,803
2022	$2,765	$51,975	$761,716	$-49,210
2021	$4,576	$53,933	$790,351	$-49,357
2020	$12,251	$113,867	$818,463	$-101,616
2019	$8,449	$44,735	$910,309	$-36,286
2018	$65,289	$56,041	$936,875	$9,248