MUSICAL THEATRE FACTORY INC

EIN: 471254076 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$300,839
Total Expenses
$377,872
Total Assets
$60,696
Net Assets
$-22,175
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NY
Principal Officer
ABIGAIL GRUBB
Phone
5407986618
Tax Period
2023-07-01 to 2024-06-30

MUSICAL THEATRE FACTORY INC, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $301K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $378K exceeded revenue, resulting in a 26% operating deficit.

Mission

THE ORGANIZATION IS DEDICATED TO HELP MUSICAL THEATRE ARTISTS DEVELOP AND PRESENT NEW WORK IN A COLLABORATIVE ATMOSPHERE FROM PRESSURES OF CRITICAL AND COMMERCIAL SUCCESSES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $327,241
Program Service Revenue $4,784
Investment Income $4
Other Revenue $-31,190
TOTAL REVENUE $300,839

Expense Breakdown

Grants Paid $0
Salaries & Benefits $189,366
Fundraising Expenses $74,129
Program Expenses $189,806
Other Expenses $188,506
TOTAL EXPENSES $377,872

Year-over-Year Comparison

2023 2022 Change
Revenue $300,839 $235,313 +0.3%
Expenses $377,872 $492,337 -0.2%
Net Income $-77,033 $-257,024 -0.7%
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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Governance

Voting Members
7
Independent Members
7
Employees
9
Volunteers
N/A

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
6
$94,243
Total Directors
13
$50,077
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AARON SALLEY PRESIDENT (RESIGNED OCTOBER 2023) 30.00
Officer Director
$50,077 $0 $50,077
ABIGAIL GRUBB INTERIM MANAGING DIRECTOR AND PRESIDENT 40.00
Officer
$44,166 $0 $44,166
SHAKINA NAYFACK BOARD CHAIRPERSON 1.00
Officer Director
$0 $0 $0
ARIDY NOX SECRETARY (RESIGNED APRIL 2024) 1.00
Officer Director
$0 $0 $0
ARIEL ESTRADA SECRETARY 1.00
Officer Director
$0 $0 $0
OPHELIA CHUA TREASURER 1.00
Officer Director
$0 $0 $0
JANE JUNG BOARD MEMBER 1.00
Director
$0 $0 $0
AMY GOLDWASSER BOARD MEMBER 1.00
Director
$0 $0 $0
CATHERINE PULLEY-DENNISON BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH KIPP-GIUSTI BOARD MEMBER (REMOVED SEPTEMBER 2024) 1.00
Director
$0 $0 $0
JEFFREY TRACHTMAN BOARD MEMBER (RESIGNED DECEMBER 2024) 1.00
Director
$0 $0 $0
JULIET MOSER BOARD MEMBER (RESIGNED JUNE 2024) 1.00
Director
$0 $0 $0
BENJ PASEK BOARD MEMBER (REMOVED MARCH 2024) 1.00
Director
$0 $0 $0
MELISSA HAIZLIP BOARD MEMBER (REMOVED MARCH 2024) 1.00
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 $300,839 $377,872 $60,696 $-77,033
2023 $313,462 $612,851 $141,674 $-299,389
2023 $235,313 $492,337 $132,447 $-257,024
2022 $469,524 $238,093 $402,024 $231,431
2021 $285,120 $234,753 $107,889 $50,367
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