MADISON PROJECT

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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

2006

Legal Domicile

Principal Officer

ROB BAILIS

Phone

3104343430

Tax Period

2022-07-01 to 2023-06-30

MADISON PROJECT, founded in 2006, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.0M in total revenue in fiscal year 2022. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $5.3M left a modest 12% surplus.

Mission

THE BROAD STAGE GATHERS ARTISTS, THINKERS AND AUDIENCES TO CELEBRATE OUR SHARED HUMANITY AND EXPAND THE ROLE THE ARTS PLAY IN THE VITALITY OF OUR DIVERSE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $4,173,986 Revenue: $1,053,297

THE MADISON PROJECT PRESENTED 69 PERFORMANCES OF MUSIC, OPERA, THEATER AND DANCE DURING THE FISCAL YEAR JUNE 30, 2023.EDUCATION & OUTREACH - THE MADISON PROJECT PRESENTED 26 FAMILY PERFORMANCES...

THE MADISON PROJECT PRESENTED 69 PERFORMANCES OF MUSIC, OPERA, THEATER AND DANCE DURING THE FISCAL YEAR JUNE 30, 2023.EDUCATION & OUTREACH - THE MADISON PROJECT PRESENTED 26 FAMILY PERFORMANCES, LECTURES, AND MASTER CLASSES FOR STUDENTS OF ALL AGES DURING THE FISCAL YEAR JUNE 30, 2023.

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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 (2022)

Revenue Breakdown

Contributions & Grants $4,603,607

Program Service Revenue $1,053,297

Investment Income $269,506

Other Revenue $96,945

TOTAL REVENUE $6,023,355

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,855,448

Fundraising Expenses $682,372

Program Expenses $4,173,986

Other Expenses $3,277,800

TOTAL EXPENSES $5,287,748

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6,023,355	$4,846,739	+0.2%
Expenses	$5,287,748	$6,001,306	-0.1%
Net Income	$735,607	$-1,154,567	-1.6%

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

$328,678

Total Directors

$457,059

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR KATHRYN E JEFFERY	DIRECTOR	5.00	Director	$0	$84,564	$434,167
ROBERT BAILIS	EXECUTIVE DIRECTOR	40.00	Officer	$114,627	$43,359	$328,678
NANCY GREENSTEIN	DIRECTOR	2.00	Director	$0	$11,601	$16,401
SUSAN AMINOFF	DIRECTOR	2.00	Director	$0	$1,691	$6,491
JENNIFER DIENER	CHAIR	5.00	Officer Director	$0	$0	$0
BARBARA HERMAN	SECRETARY	5.00	Officer Director	$0	$0	$0
ANNE TAUBMAN	VICE-CHAIR & TREASURER	5.00	Officer Director	$0	$0	$0
KATRIN CZINGER	DIRECTOR	2.00	Director	$0	$0	$0
LAURIE BENENSON	DIRECTOR	2.00	Director	$0	$0	$0
GERUN RILEY	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD KENDALL	DIRECTOR	2.00	Director	$0	$0	$0
LAURA MASLON	DIRECTOR	2.00	Director	$0	$0	$0
PHILLIP ROTNER	DIRECTOR	2.00	Director	$0	$0	$0
MARK SMITH	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN STOCKEL	DIRECTOR	2.00	Director	$0	$0	$0
GREGORY RAE	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$6,023,355	$5,287,748	$20,463,440	$735,607
2022	$4,846,739	$6,001,306	$18,228,148	$-1,154,567
2021	$12,945,005	$2,171,182	$22,229,755	$10,773,823
2021	$12,945,005	$2,171,182	$22,229,755	$10,773,823
2020	$3,855,174	$4,112,746	$9,988,895	$-257,572
2019	$4,947,991	$5,205,972	$9,745,847	$-257,981
2018	$8,248,929	$8,457,757	$9,900,094	$-208,828