FRIENDS OF THE ALGER THEATER (EIN 382462010) - 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

1983

Legal Domicile

Principal Officer

Jacqueline Grant

Phone

2485255070

Tax Period

2024-10-01 to 2025-09-30

FRIENDS OF THE ALGER THEATER, founded in 1983, is a micro nonprofit that reported $83K in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $52K, a strong 63% operating margin.

Mission

We are an all-volunteer non-profit organization whose mission is to enrich our neighborhoods by ACTIVATING and RESTORING our historic theater to create a welcoming DESTINATION for programs created BY and FOR our neighbors.

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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 $2,909

Program Service Revenue $72,000

Investment Income $3

Other Revenue $7,796

TOTAL REVENUE $82,708

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $245

Program Expenses $16,868

Other Expenses $30,889

TOTAL EXPENSES $30,889

Year-over-Year Comparison

	2024	2023	Change
Revenue	$82,708	$212,846	-0.6%
Expenses	$30,889	$103,581	-0.7%
Net Income	$51,819	$109,265	-0.5%

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

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
Bernard Theisen	Acting Treasurer	6.00		$0	$0	$0
Jacqueline Grant	President and Secretary	18.00	Officer Director	$0	$0	$0
Clinton Griffin III	Vice President	3.00	Officer Director	$0	$0	$0
Marc Tirikian	Board Member	3.00	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	$82,708	$30,889	$691,276	$51,819
2024	$212,846	$103,581	$639,457	$109,265
2023	$77,621	$44,100	$530,192	$33,521
2022	$67,573	$19,873	$496,671	$47,700
2021	$59,951	$22,049	$448,971	$37,902

FRIENDS OF THE ALGER THEATER