VARIATIONS THEATRE GROUP INC (EIN 272241279) - 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

2010

Legal Domicile

Principal Officer

Kirk Gostkowski

Phone

9172612446

Tax Period

2024-01-01 to 2024-12-31

VARIATIONS THEATRE GROUP INC, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $725K in total revenue in fiscal year 2024.

Mission

Variations Theatre Group dba Chain Theatre creates artistic work that invokes a visceral response through the media of theatre and film. We provide opportunities for New York based artists through productions and providing our spaces to other small theatre companies.

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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 $179,928

Program Service Revenue $544,538

Investment Income $0

Other Revenue $420

TOTAL REVENUE $724,886

Expense Breakdown

Grants Paid $0

Salaries & Benefits $160,667

Fundraising Expenses $2,500

Program Expenses $652,352

Other Expenses $563,545

TOTAL EXPENSES $726,712

Year-over-Year Comparison

	2024	2023	Change
Revenue	$724,886	$741,582	0.0%
Expenses	$726,712	$685,812	+0.1%
Net Income	$-1,826	$55,770	-1.0%

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

$36,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kirk Gostkowski	President of the Board	40	Officer Highest	$36,400	$0	$36,400
Michael Horowitz	Member at Large	2	Director	$0	$0	$0
Matt Blank	Member at Large	2	Director	$0	$0	$0
Marshall Crutchfield	Treasurer	2	Officer	$0	$0	$0
John Long	Secretary	2	Officer	$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	$724,886	$726,712	$2,165,429	$-1,826
2023	$741,582	$685,812	$2,505,412	$55,770
2022	$581,562	$598,807	$290,114	$-17,245
2021	$269,478	$215,671	$263,276	$53,807

VARIATIONS THEATRE GROUP INC