NATIONAL COMEDY CENTER OPERATOR INC

EIN: 820774057 501(c)(3) Arts, Culture & Humanities

JAMESTOWN, NY

Total Revenue
$3,479,455
Total Expenses
$5,199,201
Total Assets
$22,122,589
Net Assets
$-760,144
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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
2017
Legal Domicile
NY
Principal Officer
TOM BENSON
Phone
7164840800
Tax Period
2023-01-01 to 2023-12-31

NATIONAL COMEDY CENTER OPERATOR INC, founded in 2017, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.5M in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $5.2M exceeded revenue, resulting in a 49% operating deficit.

Mission

THE MISSION OF THE NATIONAL COMEDY CENTER IS TO PROVIDE EDUCATION ON THE COMEDIC ARTS IN THE FORM OF COMMENTARY AND CONTEXTUALIZATION OF ITS BODIES OF WORK, TELLING THE VITAL STORY OF COMEDY IN AMERICA ACROSS ALL ERAS AND GENRES OF THE ART FORM. AS A NON-PROFIT CULTURAL INSTITUTION, THE MUSEUM CELEBRATES COMEDY'S GREAT MINDS AND UNIQUE VOICES, WHILE PROVIDING AN EXAMINATION OF THE TIME-HONED CREATIVE PROCESSES THAT HAVE ELEVATED COMEDY TO AN ART.

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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 $2,538,853
Program Service Revenue $922,671
Investment Income $0
Other Revenue $17,931
TOTAL REVENUE $3,479,455

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,673,670
Fundraising Expenses $226,690
Program Expenses $3,260,306
Other Expenses $3,525,531
TOTAL EXPENSES $5,199,201

Year-over-Year Comparison

2023 2022 Change
Revenue $3,479,455 $5,147,483 -0.3%
Expenses $5,199,201 $5,722,997 -0.1%
Net Income $-1,719,746 $-575,514 +2.0%
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
9
Independent Members
9
Employees
61
Volunteers
200

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
5
$213,557
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGE PANEBIANCO MEMBER 5.00
Director
$0 $0 $0
LOUIS DEPPAS MEMBER 5.00
Director
$0 $0 $0
MIKE LATONE TREASURER 5.00
Officer Director
$0 $0 $0
CINDY ARONSON SECRETARY 5.00
Officer Director
$0 $0 $0
JEROME LEE YAW MEMBER 5.00
Director
$0 $0 $0
HOLLY SULLIVAN VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
JON ALBRO MEMBER 5.00
Director
$0 $0 $0
TOM BENSON PRESIDENT 5.00
Officer Director
$0 $0 $0
SARAH DEMINK MEMBER 5.00
Director
$0 $0 $0
JOURNEY GUNDERSON EXECUTIVE DIRECTOR 32.00
Officer
$37,987 $23,622 $213,557
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 No data No data No data No data
2023 $3,479,455 $5,199,201 $22,122,589 $-1,719,746
2022 $5,147,483 $5,722,997 $23,972,241 $-575,514
2021 $2,926,105 $4,375,729 $24,581,570 $-1,449,624
2020 $1,968,343 $3,639,020 $25,921,176 $-1,670,677
2019 $2,393,602 $4,130,319 $27,242,253 $-1,736,717
2018 $7,382,851 $2,502,262 $28,871,408 $4,880,589
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