THE NATIONAL FOUNDATION FOR MUSICAL THEATRE INC

EIN: 831537885 501(c)(3) Arts, Culture & Humanities

OWATONNA, MN

Total Revenue
$65,780
Total Expenses
$47,773
Total Assets
$649,288
Net Assets
$648,660
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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
MN
Principal Officer
JOHN THEW
Phone
6124087533
Tax Period
2023-01-01 to 2023-12-31

THE NATIONAL FOUNDATION FOR MUSICAL THEATRE INC, founded in 2018, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $66K in total revenue in fiscal year 2023. The organization ran a surplus of $18K, a strong 27% operating margin.

Mission

THE NATIONAL FOUNDATION FOR MUSICAL THEATRE IS A COMMUNITY OF PRODUCERS, INSTITUTIONS, AND MUSICAL THEATRE ENTHUSIASTS SUPPORTING THE DEVELOPMENT, PRODUCTION, AND APPRECIATION OF MUSICAL THEATRE. WE UNDERSTAND THAT IT OFTEN TAKES HUNDREDS OF THOUSANDS OF DOLLARS TO DEVELOP A SINGLE MUSICAL. TRY TO MOVE THAT SHOW TO BROADWAY AND IT CAN TAKE MILLIONS OF DOLLARS MORE. WHILE THIS IS TYPICALLY MORE THAN ONE PERSON OR INSTITUTION CAN AFFORD ON THEIR OWN, IF WE POOL OUR RESOURCES, TOGETHER WE CAN MAKE A TREMENDOUS IMPACT.

Program Service Accomplishments

Program 1
Expenses: $25,500

WE FUND READINGS, WORKSHOPS, AND MUSICAL THEATRE PRODUCTIONS ACROSS THE COUNTRY. THROUGH OUR PROGRAMS, WE ENCOURAGE ACTIVITIES THAT UNITE AND HEAL THE NATION THROUGH MUSICAL THEATRE, AND EDUCATE THE...

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WE FUND READINGS, WORKSHOPS, AND MUSICAL THEATRE PRODUCTIONS ACROSS THE COUNTRY. THROUGH OUR PROGRAMS, WE ENCOURAGE ACTIVITIES THAT UNITE AND HEAL THE NATION THROUGH MUSICAL THEATRE, AND EDUCATE THE NEXT GENERATION TO THE EXTRAORDINARY IMPACT THIS ART FORM CAN HAVE ON OUR CULTURE. THE NATIONAL FOUNDATION FOR MUSICAL THEATRE AWARDS GRANTS FOR THE PRODUCTION OR PRESENTATION OF NEW MUSICALS, WORKS FROM THE EXISTING CANON, DEVELOPMENT LABORATORIES, SHOWCASES, AND ARTIST RESIDENCIES.

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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 $2,446
Program Service Revenue $0
Investment Income $63,263
Other Revenue $71
TOTAL REVENUE $65,780

Expense Breakdown

Grants Paid $16,500
Salaries & Benefits $12,000
Fundraising Expenses $4,467
Program Expenses $25,500
Other Expenses $19,273
TOTAL EXPENSES $47,773

Year-over-Year Comparison

2023 2022 Change
Revenue $65,780 $-11,795 -6.6%
Expenses $47,773 $38,796 +0.2%
Net Income $18,007 $-50,591 -1.4%
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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Governance

Voting Members
4
Independent Members
3
Employees
N/A
Volunteers
3

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
4
$12,000
Total Directors
4
$12,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN THEW PRESIDENT 5.00
Officer Director
$12,000 $0 $12,000
TROY BERMEL VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
ELIZABETH WENZEL TREASURER 0.50
Officer Director
$0 $0 $0
SIBYL GRUHL SECRETARY 0.50
Officer 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 No data No data No data No data
2023 $65,780 $47,773 $649,288 $18,007
2022 $-11,795 $38,796 $614,602 $-50,591
2021 $780,204 $17,926 $756,809 $762,278
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