ASBURY PARK THEATER COMPANY

EIN: 841878642 501(c)(3) Arts, Culture & Humanities

ASBURY PARK, NJ

Total Revenue
$208,816
Total Expenses
$193,305
Total Assets
$102,321
Net Assets
$102,321
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NJ
Principal Officer
RANDY KORNBERG
Phone
7324552202
Tax Period
2024-01-01 to 2024-12-31

ASBURY PARK THEATER COMPANY, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $209K in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum. Expenses of $193K left a modest 7% surplus.

Mission

ASBURY PARK THEATER COMPANY IS DEDICATED TO CREATING AND PROVIDING POWERFUL, INVIGORATING, AND TRANSFORMATIVE PROFESSIONAL THEATER AND THEATER-ARTS EDUCATION THAT INSPIRES, CELEBRATES AND ENRICHES OUR COMMUNITY. FROM NEW WORKS, REIMAGINED CLASSICS TO PROVOCATIVE HIGH-ENERGY MUSICAL PERFORMANCES, THE ASBURY PARK THEATER COMPANY IS HOME TO ESTABLISHED, EMERGING AND LOCAL PROFESSIONAL THEATER ARTISTS.

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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 $131,669
Program Service Revenue $76,819
Investment Income $0
Other Revenue $328
TOTAL REVENUE $208,816

Expense Breakdown

Grants Paid $0
Salaries & Benefits $53,684
Fundraising Expenses $0
Program Expenses $185,230
Other Expenses $139,621
TOTAL EXPENSES $193,305

Year-over-Year Comparison

2024 2023 Change
Revenue $208,816 $126,407 +0.7%
Expenses $193,305 $223,112 -0.1%
Net Income $15,511 $-96,705 -1.2%
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

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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
10
Independent Members
10
Employees
N/A
Volunteers
N/A

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
$51,639
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT ALLISON PRESIDENT 10.00
Officer Director
$0 $0 $0
JEANNE MONTANO-GIANNETTA VICE PRESIDENT 10.00
Officer Director
$0 $0 $0
RANDY KORNBERG TREASURER 10.00
Officer Director
$0 $0 $0
CHRISTINA SMITH TRUSTEE 5.00
Director
$0 $0 $0
THOMAS GILMOUR TRUSTEE 5.00
Director
$0 $0 $0
THOMAS ARNONE TRUSTEE 5.00
Director
$0 $0 $0
BRIAN THOMPSON TRUSTEE 5.00
Director
$0 $0 $0
BRIAN O'BRIEN TRUSTEE 5.00
Director
$0 $0 $0
MARYLYN ROCKY TRUSTEE 5.00
Director
$0 $0 $0
DARRELL WILLIS TRUSTEE 5.00
Director
$0 $0 $0
ROBERT ANGELINI EXECUTIVE DIRECTOR 30.00
Officer
$24,324 $0 $24,324
WILLIAM WHITEFIELD ASSISTANT DIRECTOR 30.00
Officer
$27,315 $0 $27,315
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 $208,816 $193,305 $102,321 $15,511
2023 $126,407 $223,112 $86,810 $-96,705
2022 $297,163 $146,189 $183,515 $150,974
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