ASBURY PARK THEATER COMPANY

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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

2019

Legal Domicile

Principal Officer

RANDY KORNBERG

Phone

7324552202

Tax Period

2025-01-01 to 2025-12-31

ASBURY PARK THEATER COMPANY, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $196K in total revenue in fiscal year 2025. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $65K, a strong 33% operating margin.

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.

Program Service Accomplishments

Program 1

Expenses: $126,467 Revenue: $70,842

ASBURY PARK THEATER COMPANY PROVIDES THE DELIVERY OF MUSICAL AND DRAMATIC THEATRICAL PRODUCTIONS, CONCERTS, SHOWS AND EVENTS TO ARTS CONSUMERS. ASBURY PARK THEATER COMPANY PROVIDES THE INSTRUCTION OF THEATER ARTS TO YOUTH AND ADULT CONSUMERS, ALONG WITH THE DEVELOPMENT OF NEW THEATRICAL WORKS UTILIZING LOCAL 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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $129,919

Program Service Revenue $70,842

Investment Income $0

Other Revenue $-5,220

TOTAL REVENUE $195,541

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,702

Fundraising Expenses $0

Program Expenses $126,467

Other Expenses $121,457

TOTAL EXPENSES $130,159

Year-over-Year Comparison

	2025	2024	Change
Revenue	$195,541	$208,816	-0.1%
Expenses	$130,159	$193,305	-0.3%
Net Income	$65,382	$15,511	+3.2%

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

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

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

$8,702

Total Directors

Key Employees

Highest Compensated

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	$0	$0	$0
WILLIAM WHITEFIELD	ASSISTANT DIRECTOR	30.00	Officer	$8,702	$0	$8,702

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	$195,541	$130,159	$167,703	$65,382
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