HAT CITY MUSIC THEATER INC

EIN: 364488532 501(c)(3) Arts, Culture & Humanities

DANBUTY, CT

Total Revenue
$78,623
Total Expenses
$61,534
Total Assets
$131,302
Net Assets
$116,905
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
CT
Principal Officer
David Katz
Phone
2037462694
Tax Period
2024-07-01 to 2025-06-30

HAT CITY MUSIC THEATER INC, founded in 2002, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $79K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $17K, a strong 22% operating margin.

Mission

HCMT strives to educate the general public on the performing arts by presenting programs of music and dramatic works, and offering competitions in the performing arts. HCMT produces "The American Prize" (TAP), a series of competitions for individuals, community and arts organizations. Unique in scope and structure (participants submit recorded performances), TAP, now in its sixteenth year,is designed to evaluate, recognize and reward the best performers, ensembles, composers and arts administrators, throughout the United States.

Program Service Accomplishments

Program 1
Expenses: $31,346 Revenue: $64,212

Hat City Music Theater again sponsored "The American Prize" (TAP). TAP is a series of competitions in the performing arts and awarded prize money to 65 particpants during the year.

Program 2
Expenses: $20,698 Revenue: $0

Continued contractual administrative and professional-related expenditures associated with prior theatrical productions.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $9,635
Program Service Revenue $57,116
Investment Income $4,776
Other Revenue $7,096
TOTAL REVENUE $78,623

Expense Breakdown

Grants Paid $0
Salaries & Benefits $17,424
Fundraising Expenses $0
Program Expenses $52,044
Other Expenses $44,110
TOTAL EXPENSES $61,534

Year-over-Year Comparison

2024 2023 Change
Revenue $78,623 $70,334 +0.1%
Expenses $61,534 $54,102 +0.1%
Net Income $17,089 $16,232 +0.1%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
1
Employees
2
Volunteers
1

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
2
$15,174
Total Directors
3
$15,174
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID KATZ PRESIDENT 30.00
Officer Director
$11,150 $0 $11,150
LAURA LEE SECRETARY 10.00
Officer Director
$4,024 $0 $4,024
MICHAEL ACTIS-GRANDE DIRECTOR 2.00
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
2025 $78,623 $61,534 $131,302 $17,089
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