THEATER LEAGUE INC

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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

1976

Legal Domicile

Principal Officer

Mark Edelman

Phone

8169166275

Tax Period

2025-01-01 to 2025-12-31

THEATER LEAGUE INC, founded in 1976, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2025. Revenue decreased 14% compared to the prior year. Expenses of $9.8M exceeded revenue, resulting in a 441% operating deficit.

Mission

TO PROVIDE FOR THE DEVELOPMENT OF THE PERFORMING ARTS AS A CULTURAL AND EDUCATIONAL RESOURCE.

Program Service Accomplishments

Program 1

Expenses: $971,992 Revenue: $971,992

PRODUCING AND PRESENTING BROADWAY MUSICALS, PLAYS AND NEW WORKS IN LOCAL PERFORMING ARTS CENTERS AND ENRICHING THE LIVES IN THE COMMUNITIES WE SERVE.

Program 2

Expenses: $16,261 Revenue: $0

THEATER ROCKS (REACH OUT TO KIDS) IS THEATHER LEAGUE'S EDUCATIONAL OUTREACH PROGRAM. TARGETING STUDENTS IN TITLE I AND SIMILARLY DISADVANTAGE YOUNG PEOPLE, THE ORGANIZATION-- WORKING WITH LOCAL...

THEATER ROCKS (REACH OUT TO KIDS) IS THEATHER LEAGUE'S EDUCATIONAL OUTREACH PROGRAM. TARGETING STUDENTS IN TITLE I AND SIMILARLY DISADVANTAGE YOUNG PEOPLE, THE ORGANIZATION-- WORKING WITH LOCAL SERVICE ORGANIZATION IN SOME CASES-- PROVIDES FREE OR SUBSIDIZED TICKETS TO PERFORMANCES OF ITS OWN PRESENTATIONS AND OTHER PROFESSIONAL PERFORMING ARTS EVENTS IN THE COMMUNITIES WE SERVE. STUDENTS ALSO ATTEND QUESTION AND ANSWER SESSIONS WITH THEATER PROFESSIONALS AND ENGAGE IN POST-SHOW DISCUSSIONS AND CLASSROOM EFFORTS (INCLUDING ARTS AND CRAFTS PROJECTS) TO EXPAND THE IMPACT OF THEIR THEATERGOING EXPERIENCE

Program 3

Expenses: $724 Revenue: $0

THEATER LEAGUE DEVELOPS AND COMMISSIONS PLAYS LIKE FOUR CHILDREN, WHICH TRACES THE LIVES OF FOUR TEENAGERS WHO LIVED IN POLAND DURING THE HOLOCAUST AND GENOCIDES IN ARMENIA, CAMBODIA AND SARAJEVO...

THEATER LEAGUE DEVELOPS AND COMMISSIONS PLAYS LIKE FOUR CHILDREN, WHICH TRACES THE LIVES OF FOUR TEENAGERS WHO LIVED IN POLAND DURING THE HOLOCAUST AND GENOCIDES IN ARMENIA, CAMBODIA AND SARAJEVO, REMINDING AUDIENCES THAT WITHOUT VIGILANCE, THESE TRAGEDIES CAN HAPPEN ANYTIME, ANYWHERE. ADDITIONAL PROJECTS INCLUDE MUSICAL ADAPTATIONS OF CLASSICAL WORKS AND PLAYS ABOUT HISTORICAL CHARACTERS

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,000

Program Service Revenue $1,344,376

Investment Income $466,082

Other Revenue $0

TOTAL REVENUE $1,811,458

Expense Breakdown

Grants Paid $8,594,388

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $988,977

Other Expenses $1,201,938

TOTAL EXPENSES $9,796,326

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,811,458	$2,101,531	-0.1%
Expenses	$9,796,326	$14,317,609	-0.3%
Net Income	$-7,984,868	$-12,216,078	-0.3%

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

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
Mark Edelman	President	5.00	Officer Director	$0	$0	$0
Alice Jacks Achtenberg	Vice President	2.00	Officer Director	$0	$0	$0
Ellen Goldman	Secretary	1.00	Officer Director	$0	$0	$0
Mike Azorsky	Treasurer	1.00	Officer Director	$0	$0	$0
Dr Phyllis Carozza	Director	1.00	Director	$0	$0	$0
Jack Holland	Director	1.00	Director	$0	$0	$0
John Johntz	Director	1.00	Director	$0	$0	$0
Nancy Trager	Director	1.00	Director	$0	$0	$0
Sue Rollins	Director	1.00	Director	$0	$0	$0
Matt Lentz	Director	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	$1,811,458	$9,796,326	$7,252,203	$-7,984,868
2024	$2,101,531	$14,317,609	$15,242,722	$-12,216,078
2023	$5,419,516	$5,522,607	$27,501,277	$-103,091
2022	$1,974,369	$6,853,217	$27,534,408	$-4,878,848
2021	$2,126,157	$1,711,489	$32,499,002	$414,668
2020	$2,354,910	$2,124,903	$32,156,773	$230,007
2019	$10,376,668	$9,772,994	$30,754,099	$603,674
2018	$22,674,443	$20,761,568	$29,732,873	$1,912,875