MUSIC HALL REVITALIZATION COMPANY … - Form 990 Financial Data

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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

TIMOTHY J MALONEY

Phone

5139774103

Tax Period

2023-01-01 to 2023-12-31

MUSIC HALL REVITALIZATION COMPANY INC, founded in 2010, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $9K in total revenue in fiscal year 2023. Revenue fell 85% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $9K, a strong 100% operating margin.

Mission

THE MISSION OF THE COMPANY IS TO ACHIEVE ITS VISION OF A REVITALIZED MUSIC HALL BY HARNESSING AND DEVELOPING THE HARD WORK, FINANCIAL COMMITMENT, AND PASSIONATE BELIEFS OF GREATER CINCINNATI CITIZENS. THE COMPANY WILL FACILITATE AND ENCOURAGE ALL PEOPLE IN THE REGION TO JOIN TOGETHER, TO STAND ON THE SHOULDERS OF THE VISIONARIES WHO CREATED MUSIC HALL IN 1878, AND TO EQUAL THOSE VISIONARIES' ACHIEVEMENTS AND LEADERSHIP SO THAT MUSIC HALL CAN BECOME A PREMIER ARTS AND CULTURAL VENUE FOR THE TWENTY-FIRST CENTURY AND SERVE AS A JEWEL IN THE QUEEN CITY'S CROWN BY ATTRACTING DIVERSE AND VARIED AUDIENCES TO MANY KINDS OF ARTS PERFORMANCES AND EVENTS. THE GOAL OF THE COMPANY IS TO MAKE MUSIC HALL A GLITTERING AND SPECTACULAR ANCHOR FOR A VIBRANT OVER-THE-RHINE COMMUNITY, TO CELEBRATE OUR HISTORY AND OUR FUTURE AS AN URBAN DESTINATION, AND TO PROVIDE A WORLD-CLASS HOME BASE FOR THE CINCINNATI SYMPHONY ORCHESTRA, CINCINNATI OPERA, CINCINNATI MAY FESTIVAL, CINCINNATI BALLET, AND OTHER ARTS AND CULTURAL ACTIVITIES. IN ACCOMPLISHING ITS MISSION, THE COMPANY WILL REVITALIZE MUSIC HALL SO THAT IT WILL EFFICIENTLY AND ECONOMICALLY SERVE THE NEEDS AND DESIRES OF CLASSICAL, ORCHESTRAL, AND POPULAR SYMPHONIC AND CHAMBER MUSIC, OPERA, CHORAL FESTIVALS, BALLET, A VARIETY OF TOURING SHOWS, SPECIAL EVENTS, AND A DIVERSE VARIETY OF COMMUNITY EVENTS AND ACTIVITIES. THE COMPANY WILL DEVELOP AN ONGOING PLAN THAT WILL CREATE AND MAINTAIN THE FUNCTIONAL INTEGRITY OF AND COMMUNITY SUPPORT FOR MUSIC HALL FOR GENERATIONS TO COME.

Program Service Accomplishments

Program 1

Expenses: $24

THE MUSIC HALL REVITALIZATION COMPANY (MHRC) WAS FORMED TO COORDINATE THE EFFORT TO RENOVATE MUSIC HALL. THE PRIMARY OBJECTIVES OF MHRC ARE TO MAKE THE MUSIC HALL EXPERIENCE TRULY EXTRAORDINARY FOR AUDIENCES, AND TO RE-ESTABLISH THE FACILITY AS A VIBRANT ANCHOR IN OVER-THE-RHINE - A NEIGHBORHOOD BUSTLING WITH NEW DEVELOPMENT.

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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 $8,534

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $8,534

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24

Other Expenses $24

TOTAL EXPENSES $24

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,534	$58,750	-0.9%
Expenses	$24	$9,543	-1.0%
Net Income	$8,510	$49,207	-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
OTTO M BUDIG JR	DIRECTOR	1.00	Director	$0	$0	$0
ALVA JEAN CRAWFORD	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH J DEHNER	TREASURER	1.00	Officer Director	$0	$0	$0
THOMAS GARBER	DIRECTOR	1.00	Director	$0	$0	$0
GARY T HUFFMAN	DIRECTOR	1.00	Director	$0	$0	$0
PETER E KOENIG	SECRETARY	1.00	Officer Director	$0	$0	$0
PHILLIP P LANHAM	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
TIMOTHY J MALONEY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MYERS	DIRECTOR	1.00	Director	$0	$0	$0
ROXANNE QUALLS	DIRECTOR	1.00	Director	$0	$0	$0
J DAVID ROSENBERG	DIRECTOR	1.00	Director	$0	$0	$0
MURRAY SINCLAIRE JR	CHAIR	1.00	Officer Director	$0	$0	$0
DUDLEY S TAFT	DIRECTOR	1.00	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	$8,534	$24	$98,911,853	$8,510
2022	$58,750	$9,543	$98,903,343	$49,207
2021	$94,610	$14,168	$98,859,136	$80,442
2020	$330,442	$32,643	$98,773,694	$297,799
2019	$2,749,429	$37,931	$98,475,895	$2,711,498
2018	$2,332,418	$54,845	$95,657,131	$2,277,573

MUSIC HALL REVITALIZATION COMPANY INC