APPLAUSE ACADEMY MA 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

2009

Legal Domicile

Principal Officer

TIMOTHY KNIEF

Phone

7742265148

Tax Period

2023-09-01 to 2024-08-31

APPLAUSE ACADEMY MA INC, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $313K in total revenue in fiscal year 2023. Expenses of $347K exceeded revenue, resulting in a 11% operating deficit.

Mission

WE ARE A NON-PROFIT YOUTH THEATRICAL ORGANIZATION OFFERING MAIN STAGE PRODUCTIONS; MUSICAL

Program Service Accomplishments

Program 1

Expenses: $304,650 Revenue: $0

MAIN STAGE PRODUCTIONS CHILDREN PARTICIPATE IN FULL LENGTH MUSICAL THEATRE PRODUCTIONS IN WHICH THEY LEARN MUSIC, CHOREOGRAPHY, ACTING TECHNIQUES AND CHARACTER DEVELOPMENT. DURING THE REHEARSAL...

MAIN STAGE PRODUCTIONS CHILDREN PARTICIPATE IN FULL LENGTH MUSICAL THEATRE PRODUCTIONS IN WHICH THEY LEARN MUSIC, CHOREOGRAPHY, ACTING TECHNIQUES AND CHARACTER DEVELOPMENT. DURING THE REHEARSAL PERIOD, CHILDREN ARE INTRODUCED TO THE AUDITION PROCESS AND ATTEND A REHEARSAL SCHEDULE. SHOWS CONCLUDE WITH COSTUME FITTINGS, TECHNICAL REHEARSALS, MAKEUP AND LIVE PERFORMANCES IN FRONT OF PUBLIC AUDIENCES.

Program 2

Expenses: $0 Revenue: $0

VACATION THEATRE CAMP DURING THE 2021-2022 FISCAL YEAR FEBRUARY, APRIL AND SUMMER THEATRE CAMPS WERE OFFERED. DURING THEATRE CAMPS ORIGINAL MUSICAL THEATRE SHOWS ARE PRODUCED IN 5 DAYS. CHILDREN ARE DIVIDED ACCORDING TO AGE. EVERY 30 MINUTES CHILDREN ROTATE TO A DIFFERENT THEATRICAL ACIVITY TO HELP THEM MASTER THE PRODUCTION IN 5 DAYS. ROTATIONS INCLUDE MUSIC CHOREOGRAPHY, ACTING THEATRE GAMES, CRAFTS, COSTUME FITTINGS, MAKEUP AND HOW TO EFFECTIVELY USE PROPS. VACATION THEATRE CAMP CONCLUDES WITH A LIVE PERFORMANCE IN FRONT OF A PUBLIC AUDIENCE COMPLETE WITH SETS, LIGHTING, AUDIO, COSTUMES AND PROPS.

Program 3

Expenses: $0 Revenue: $0

VOICE LESSONS DURING VOICE LESSONS STUDENTS WORK ONE-ON-ONE WITH THE VOICE TEACHER TO LEARN PROPER BREATHING TECHNIQUES, BREATH SUPPORT, PITCH MATING AND HEALTHY SIGNING TECHNIQUES. DURING THE...

VOICE LESSONS DURING VOICE LESSONS STUDENTS WORK ONE-ON-ONE WITH THE VOICE TEACHER TO LEARN PROPER BREATHING TECHNIQUES, BREATH SUPPORT, PITCH MATING AND HEALTHY SIGNING TECHNIQUES. DURING THE COSTUME ASSISTANT PROGRAM CHILDREN WORK DIRECTLY WITH THE COSTUME DESIGNER TO LEARN HOW TO TAKE MEASUREMENTS, CUT PATTERNS, USE A SEWING MACHINE, INSERT ZIPPERS, SEW BUTTONS, SNAPS AND FASTENERS. UNDER THE DIRECTION OF THE COSTUME DESIGNER CHILDREN CREATE THE COSTUMES THAT ARE WORN BY THE ACTORS IN OUR PRODUCTION.

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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 $55,000

Program Service Revenue $255,000

Investment Income $0

Other Revenue $3,100

TOTAL REVENUE $313,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $304,650

Other Expenses $347,346

TOTAL EXPENSES $347,346

Year-over-Year Comparison

	2023	2022	Change
Revenue	$313,100	$309,630	+0.0%
Expenses	$347,346	$351,910	0.0%
Net Income	$-34,246	$-42,280	-0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY KNIEF	PRESIDENT & EXEC DIRECTOR	20.00	Officer Director	$0	$0	$0
TIMOTHY KNIEF	SHOW DIRECTOR	35.00	Officer Director	$0	$0	$0
KELLY MCGRATH	TREASURER	2.00	Officer Director	$0	$0	$0
JONATHAN ANDRE	CLERK/SECRETARY	5.00	Officer Director	$0	$0	$0
OLIVIA FONSECA	DIRECTOR	5.00	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
2024	$313,100	$347,346	$175,399	$-34,246
2024	$364,171	$466,904	$134,517	$-102,733
2023	$309,630	$351,910	$223,012	$-42,280
2022	$333,838	$343,691	$269,499	$-9,853
2021	$263,910	$123,672	$289,793	$140,238
2020	$132,558	$155,723	$120,357	$-23,165