MUSIC THEATRE PHILLY INC

EIN: 475487539 501(c)(3) Arts, Culture & Humanities

PHILADELPHIA, PA

Total Revenue
$779,606
Total Expenses
$782,174
Total Assets
$45,462
Net Assets
$-74,076
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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
2018
Legal Domicile
PA
Principal Officer
TIMOTHY POPP
Phone
2675344975
Tax Period
2024-01-01 to 2024-12-31

MUSIC THEATRE PHILLY INC, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $780K in total revenue in fiscal year 2024. Revenue surged 86% from the prior year, signaling strong growth momentum.

Mission

MUSIC THEATRE PHILLY, INC. IS A COMMUNITY-BASED ORGANIZATION FOCUSED ON CREATING A PROFESSIONAL TRAINING GROUND FOR YOUNG ARTISTS BY CULTIVATING A CREATIVE, ENCOURAGING, AND DISCIPLINED ENVIRONMENT, WHILE MAINTAINING THE INTEGRITY OF THE ART FORM OF MUSICAL THEATRE. MUSIC THEATRE PHILLY'S MISSION IS TO CREATE A LOCAL, SAFE AND NURTURING ENVIRONMENT FOR INCLUSIVE PARTICIPATION IN ENRICHING THEATRE, MUSIC AND DANCE EXPERIENCES. ACCORDINGLY, MUSIC THEATRE PHILLY'S PROGRAMS ARE DESIGNED TO BUILD CONFIDENCE, RESPECT, AND TEAMWORK, WHILE HELPING EACH INDIVIDUAL FIND THEIR PERSONAL VOICE THROUGH ARTISTIC TRAINING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $15,412
Program Service Revenue $764,194
Investment Income $0
Other Revenue $0
TOTAL REVENUE $779,606

Expense Breakdown

Grants Paid $0
Salaries & Benefits $338,183
Fundraising Expenses $28,430
Program Expenses $508,444
Other Expenses $443,991
TOTAL EXPENSES $782,174

Year-over-Year Comparison

2024 2023 Change
Revenue $779,606 $418,243 +0.9%
Expenses $782,174 $393,516 +1.0%
Net Income $-2,568 $24,727 -1.1%
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

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Governance

Voting Members
4
Independent Members
4
Employees
22
Volunteers
1

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
3
$73,500
Total Directors
4
$73,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELINDA DOUGHERTY BAIADA PRESIDENT 30.00
Officer Director
$0 $0 $0
DAVID BAIADA TREASURER 4.00
Officer Director
$0 $0 $0
TIMOTHY POPP EXECUTIVE DI 40.00
Officer Director
$73,500 $0 $73,500
JEFFERY COON DIRECTOR 4.00
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
2024 $779,606 $782,174 $45,462 $-2,568
2023 $418,243 $393,516 $26,836 $24,727
2022 $277,632 $337,223 $10,791 $-59,591
2021 $113,390 $117,770 $66,148 $-4,380
2020 $59,903 $122,823 $65,268 $-62,920
2019 $206,468 $197,520 $30,901 $8,948
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