CHELSEA ART THEATER INC (EIN 824309682) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

Patricia Blau

Phone

9199298428

Tax Period

2023-01-01 to 2023-12-31

CHELSEA ART THEATER INC, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $631K in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $609K left a modest 3% surplus.

Mission

The mission of the Chelsea theater is to entertain, inspire and engage through film to enrich our diverse community.

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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 (2023)

Revenue Breakdown

Contributions & Grants $150,272

Program Service Revenue $468,091

Investment Income $5,115

Other Revenue $7,435

TOTAL REVENUE $630,913

Expense Breakdown

Grants Paid $0

Salaries & Benefits $218,223

Fundraising Expenses $30,709

Program Expenses $482,241

Other Expenses $390,701

TOTAL EXPENSES $608,924

Year-over-Year Comparison

	2023	2022	Change
Revenue	$630,913	$429,960	+0.5%
Expenses	$608,924	$472,244	+0.3%
Net Income	$21,989	$-42,284	-1.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Emily Kaas	Executive Director	40.0	Highest	$45,000	$0	$45,000
Patricia Blau	Treasurer	6	Director	$0	$0	$0
Tinka Deal	Secretary	1	Officer Director	$0	$0	$0
Linda Luftig	Board Chair	3	Officer Director	$0	$0	$0
Charlene Regester	At large	1	Director	$0	$0	$0
Miguel Rojas Sotelo	At Large	1	Director	$0	$0	$0
Joe Dirr	Assistant Treasurer	3	Director	$0	$0	$0
Alexander Roth	Vice Chair	4	Officer Director	$0	$0	$0
Bryan Gilliam	At Large	1	Director	$0	$0	$0
Anna Rooney	At Large	1	Director	$0	$0	$0
Charles Humble	Emeritus - Past Chair	1		$0	$0	$0
Bonnie Bevan	Emeritus	1		$0	$0	$0
Tom Henkel	Emeritus	1		$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	No data	No data	No data	No data
2023	$630,913	$608,924	$441,410	$21,989
2022	$429,960	$472,244	$412,730	$-42,284
2021	$578,096	$360,996	$465,392	$217,100
2020	$377,140	$362,371	$240,958	$14,769
2019	$557,930	$527,397	$160,549	$30,533

CHELSEA ART THEATER INC