NAUTILUS MUSIC THEATER

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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

1992

Legal Domicile

Principal Officer

Ben Krywosz

Phone

6512989913

Tax Period

2023-09-01 to 2024-08-31

NAUTILUS MUSIC THEATER, founded in 1992, is a small nonprofit in the Arts, Culture & Humanities sector that reported $168K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $191K exceeded revenue, resulting in a 14% operating deficit.

Mission

Nautilus provides opportunities for the artistic growth of music-theater artists who create, develop, & produce new operas & other forms of music-theater. We seek to use partnerships between creator, performers, and audiences, as well as to create professional training programs for artists. (See Schedule O for complete statement.)

Program Service Accomplishments

Program 1

Expenses: $84,207 Revenue: $90,193

ARTIST DEVELOPMENT: Ongoing training and development of music-theater artists including writers, composers, performers and directors. These programs usually include our 3-week long Wesley Balk...

ARTIST DEVELOPMENT: Ongoing training and development of music-theater artists including writers, composers, performers and directors. These programs usually include our 3-week long Wesley Balk Institute, our Composer-Librettist Studio, and selected educational activities. In FY24, we held our 41st Balk Institute and our 69th (in St. Paul) and 70th (in Washington DC) Composer-Librettest Studios. We also held multiple working sessions on a proposed film documentary about American musical storytelling, as well as private coachings and auditions.

Program 2

Expenses: $31,945 Revenue: $43,520

COMMUNITY COMMISSIONS: Projects initiated by or commissioned for specific communities, such as arts organizations, academic institutions, or human service organizations. Projects for FY24 included...

COMMUNITY COMMISSIONS: Projects initiated by or commissioned for specific communities, such as arts organizations, academic institutions, or human service organizations. Projects for FY24 included master classes with Boston Conservatory; workshop projects on PROGRESSIVE LENS, REMEMBER ME, and the MIXER MOSAIC; a collaboration session with the Opera Reading Project; and other short-term consultancies.

Program 3

Expenses: $49,150 Revenue: $32,472

ROUGH CUTS: A series of public presentations of work-in-progress dialogues between artists and audiences, and explorations of the creative process, focused on new works and emerging artists. Having reinstated our Rough Cuts series in FY24, we presented eight regular Rough Cuts, along with two Art Crawl appearances.

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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 $138,463

Program Service Revenue $29,476

Investment Income $188

Other Revenue $0

TOTAL REVENUE $168,127

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,717

Fundraising Expenses $4,385

Program Expenses $167,288

Other Expenses $146,391

TOTAL EXPENSES $191,108

Year-over-Year Comparison

	2023	2022	Change
Revenue	$168,127	$144,883	+0.2%
Expenses	$191,108	$148,237	+0.3%
Net Income	$-22,981	$-3,354	+5.9%

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

$34,533

Total Directors

$900

Key Employees