KORSA MUSICAL THEATER (EIN 341990661) - 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

2004

Legal Domicile

Principal Officer

Molly Marion

Phone

5105955514

Tax Period

2024-09-01 to 2025-08-31

KORSA MUSICAL THEATER, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $663K in total revenue in fiscal year 2024.

Mission

Korsa Musical Theater produces professional caliber musical theater while providing exceptional training to students 7th grade and above.

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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 $324,272

Program Service Revenue $325,047

Investment Income $13,541

Other Revenue $0

TOTAL REVENUE $662,860

Expense Breakdown

Grants Paid $0

Salaries & Benefits $430,644

Fundraising Expenses $24,767

Program Expenses $561,471

Other Expenses $258,335

TOTAL EXPENSES $688,979

Year-over-Year Comparison

	2024	2023	Change
Revenue	$662,860	$622,093	+0.1%
Expenses	$688,979	$725,518	-0.1%
Net Income	$-26,119	$-103,425	-0.7%

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

100

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

$112,038

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jennifer Boesing	Producing Artistic Director	40	Key Emp Highest	$112,038	$0	$112,038
Molly Marion	Chair	10	Officer Director	$0	$0	$0
Susie Falk	Director	3	Director	$0	$0	$0
Kathrine Campbell	Secretary	10	Officer Director	$0	$0	$0
Craig Broscow	Treasurer	10	Officer Director	$0	$0	$0
Ariel Mazel-Gee	Director	3	Director	$0	$0	$0
Rosa Luevano	Director	3	Director	$0	$0	$0
Jennifer Kawar	Director	3	Director	$0	$0	$0
Kevin Singer	Director	3	Director	$0	$0	$0
Whitney Moss	Director	3	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
2025	$662,860	$688,979	$169,497	$-26,119
2024	$622,093	$725,518	$210,374	$-103,425
2023	$564,001	$574,921	$298,179	$-10,920
2022	$538,539	$502,787	$330,981	$35,752
2021	$423,219	$306,809	$257,137	$116,410
2020	$380,661	$328,547	$166,822	$52,114

KORSA MUSICAL THEATER