SKYLIGHT MUSIC THEATRE CORP (EIN 390975374) - 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

1963

Legal Domicile

Principal Officer

SUSAN VARELA

Phone

4142917811

Tax Period

2023-07-01 to 2024-06-30

SKYLIGHT MUSIC THEATRE CORP, founded in 1963, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.4M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $3.9M exceeded revenue, resulting in a 60% operating deficit.

Mission

TO BRING THE FULL SPECTRUM OF MUSIC THEATRE WORKS TO A DIVERSE AUDIENCE

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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 $1,121,709

Program Service Revenue $1,027,170

Investment Income $49,334

Other Revenue $233,996

TOTAL REVENUE $2,432,209

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,972,532

Fundraising Expenses $124,082

Program Expenses $3,200,785

Other Expenses $1,908,341

TOTAL EXPENSES $3,880,873

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,432,209	$2,874,762	-0.2%
Expenses	$3,880,873	$4,407,822	-0.1%
Net Income	$-1,448,664	$-1,533,060	-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

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

273

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
VALERIE JOHNSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
BARB BOLENS	TREASURER	1.00	Officer Director	$0	$0	$0
ALEXANDER FRASER	VP OF GOVERNANCE	1.00	Officer Director	$0	$0	$0
ROGER DICKSON	VP OF DEVELOPMENT	1.00	Officer Director	$0	$0	$0
MICHAEL LUEDER	SECRETARY	1.00	Officer Director	$0	$0	$0
MARY MCNULTY	VP OF MARKETING	1.00	Officer Director	$0	$0	$0
ROBERT BABISH	DIRECTOR	1.00	Director	$0	$0	$0
F TESSA ESCAMILLA BARTELS	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN BERNSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
MARY BRIDGES	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN CASEY	DIRECTOR	1.00	Director	$0	$0	$0
COLIN CABOT	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
W ALBERT HAMWRIGHT JR	DIRECTOR	1.00	Director	$0	$0	$0
MARNI KING	DIRECTOR	1.00	Director	$0	$0	$0
LINDSEY KOPPS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE LASKA	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LEE	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD MILLER	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY SPELLER	DIRECTOR	1.00	Director	$0	$0	$0
DAN WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
HERB ZIEN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN VARELA	EXECUTIVE DIRECTOR	50.00	Officer	$0	$0	$0
MICHAEL UNGER	ARTISTIC DIRECTOR	50.00	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
2025	No data	No data	No data	No data
2024	$2,432,209	$3,880,873	$2,656,309	$-1,448,664
2024	No data	No data	No data	No data
2023	$2,874,762	$4,407,822	$4,241,856	$-1,533,060
2022	$3,977,944	$3,682,229	$3,450,356	$295,715
2021	$2,772,188	$1,678,519	$3,840,201	$1,093,669
2020	$2,678,050	$3,177,433	$2,965,418	$-499,383
2019	$3,369,158	$3,793,187	$3,060,058	$-424,029

SKYLIGHT MUSIC THEATRE CORP