POLARIS PRODUCTIONS

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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

Lecee Galmiche Johnson

Phone

9176589014

Tax Period

2019-01-01 to 2019-12-31

POLARIS PRODUCTIONS, founded in 2010, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $68K in total revenue in fiscal year 2019. Revenue surged 77% from the prior year, signaling strong growth momentum.

Mission

Polaris Productions produces musical theater for young people, ages 7 through 22, to help them develop their craft and give them performance experience. This experience helps our young performers obtain work in theater, and helps them win admission to performing arts high schools and colleges. Participation in theater also teaches kids and teens the life skills they need to be successful as they transition into adulthood.

Program Service Accomplishments

Program 1

Expenses: $28,261 Revenue: $10,284

"Thoroughly Modern Millie". Produced the classic musical "Thoroughly Modern Millie", performed by young people ages 12 through 20 in New York, NY. Seventeen young actors took part, supported by four theater professionals and eight adult and teenage volunteers. In April 2019, six public performances were held at Teatro LATEA in Manhattan, with a total audience participation of about 215 people. Thoroughly Modern Millie" received one Outstanding Performer award and six nominations from National Youth Arts.

Program 2

Expenses: $12,279 Revenue: $12,994

"The Addams Family". Our fall 2019 program, The Addams Family, rehearsed once weekly, beginning in September, for a total of eight weeks. Two performances were held in November 2019. The project was to mount a small production of The Addams Family at the Flamboyan Theater in lower Manhattan. Sixteen kids participated, ages 8-18, with total audience participation of 144. Eight of these kids went on to take part in the Spring 2020 production of Legally Blonde, which began rehearsals in December 2019. Legally Blonde was put on pause when the pandemic broke out in NYC in March 2020.

Program 3

Expenses: $7,110 Revenue: $6,787

"Really Rosie Theater Camp." Our July 2019 summer program was a two week long, weekday theater camp experience for children ages 7 through 13. The kids rehearsed the Maurice Sendak-Carole King...

"Really Rosie Theater Camp." Our July 2019 summer program was a two week long, weekday theater camp experience for children ages 7 through 13. The kids rehearsed the Maurice Sendak-Carole King musical "Really Rosie" and held two studio performances. Audience participation was about 75 people, with two theater professionals and two high school student volunteers leading the program.

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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 (2019)

Revenue Breakdown

Contributions & Grants $29,267

Program Service Revenue $38,323

Investment Income $0

Other Revenue $318

TOTAL REVENUE $67,908

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,037

Fundraising Expenses $586

Program Expenses $56,114

Other Expenses $48,348

TOTAL EXPENSES $74,385

Year-over-Year Comparison

	2019	2018	Change
Revenue	$67,908	$38,412	+0.8%
Expenses	$74,385	$69,391	+0.1%
Net Income	$-6,477	$-30,979	-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

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
Steven Tenney	Director	0	Director	$0	$0	$0
Ellen Barnett	Director	0	Director	$0	$0	$0
Melinda Cross	Director	0	Director	$0	$0	$0
LeCee Galmiche Johnson	President	2	Officer	$0	$0	$0
Glen Johnson	Secretary-Treasurer	5	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
2019	$67,908	$74,385	$1,807	$-6,477
2018	$38,412	$69,391	$4,029	$-30,979