5TH AVENUE THEATRE ASSOCIATION (EIN 911087612) - 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

1979

Legal Domicile

Principal Officer

WILLIAM R BERRY

Phone

2066251418

Tax Period

2023-08-01 to 2024-07-31

5TH AVENUE THEATRE ASSOCIATION, founded in 1979, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $23.9M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $31.1M exceeded revenue, resulting in a 30% operating deficit.

Mission

TO NURTURE, ADVANCE, AND CELEBRATE ALL ASPECTS OF THE GREAT ART FORM: THE MUSICAL.

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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 $8,693,366

Program Service Revenue $14,640,884

Investment Income $102,637

Other Revenue $421,279

TOTAL REVENUE $23,858,166

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,603,541

Fundraising Expenses $1,725,388

Program Expenses $25,167,090

Other Expenses $13,486,617

TOTAL EXPENSES $31,129,708

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,858,166	$29,011,581	-0.2%
Expenses	$31,129,708	$32,611,326	0.0%
Net Income	$-7,271,542	$-3,599,745	+1.0%

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

Governance

Voting Members

Independent Members

Employees

737

Volunteers

725

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

$705,388

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD MEADOWS	PRESIDENT	2.00	Officer Director	$0	$0	$0
GRACE YUAN	SECRETARY	2.00	Officer Director	$0	$0	$0
TOM HANDLEY	TREASURER	2.00	Officer Director	$0	$0	$0
BETH PORTER	CHAIR	2.00	Officer Director	$0	$0	$0
KENNY ALHADEFF	MEMBER	2.00	Director	$0	$0	$0
MARISA BEHNKE	MEMBER	2.00	Director	$0	$0	$0
MICHAEL COX	MEMBER	2.00	Director	$0	$0	$0
RANDY HODGINS	MEMBER	2.00	Director	$0	$0	$0
NINA JENNINGS	MEMBER	2.00	Director	$0	$0	$0
LEE KELLER	MEMBER	2.00	Director	$0	$0	$0
PAT KENNEDY	MEMBER	2.00	Director	$0	$0	$0
SASA KIRKPATRICK	MEMBER	2.00	Director	$0	$0	$0
KYLE LEVINE	MEMBER	2.00	Director	$0	$0	$0
CARMEN MAYO	MEMBER	2.00	Director	$0	$0	$0
JOHN OPPENHEIMER	MEMBER	2.00	Director	$0	$0	$0
JOHN PAYES	MEMBER	2.00	Director	$0	$0	$0
STEPHEN P REYNOLDS	MEMBER	2.00	Director	$0	$0	$0
BONNIE TOWNE	MEMBER	2.00	Director	$0	$0	$0
GARY TUCCI	MEMBER	2.00	Director	$0	$0	$0
BECCA WERT	MEMBER	2.00	Director	$0	$0	$0
BILL WERT	MEMBER	2.00	Director	$0	$0	$0
EILEEN GLASSER WESLEY	MEMBER	2.00	Director	$0	$0	$0
KENNETH WILLMAN	MEMBER	2.00	Director	$0	$0	$0
RACHEL ROBERT	CHIEF FINANCIAL OFFICER	40.00	Officer	$144,039	$12,927	$156,966
WILLIAM R BERRY	PRODUCING ARTISTIC DIRECTOR	40.00	Officer	$225,044	$14,547	$239,591
BERNADINE C GRIFFIN	MANAGING DIRECTOR THRU 10/23	40.00	Officer	$198,846	$14,023	$212,869
KATIE MALTAIS	MANAGING DIRECTOR FROM 11/23	40.00	Officer	$84,231	$11,731	$95,962
FABRIZIO ALMEIDA	HR DIRECTOR	40.00	Highest	$118,390	$10,046	$128,436
LAUREL HORTON	HEAD CARPENTER	40.00	Highest	$139,448	$10,046	$149,494
MATTHEW PERRI	RESIDENT MUSIC SUPERVISOR	40.00	Highest	$119,556	$10,046	$129,602
JOAN TOGGENBURGER	DIRECTOR OF PRODUCTION	40.00	Highest	$121,812	$10,046	$131,858
BECKY WITMER	DIR. OF MARKETING & GUEST SVCS	40.00	Highest	$136,013	$10,046	$146,059

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	$23,858,166	$31,129,708	$19,453,831	$-7,271,542
2023	$29,011,581	$32,611,326	$28,233,555	$-3,599,745
2022	$23,695,338	$24,804,324	$27,073,287	$-1,108,986
2021	$18,258,677	$8,806,072	$25,132,895	$9,452,605
2020	$22,661,308	$24,040,858	$19,781,467	$-1,379,550
2019	$32,234,032	$28,845,839	$17,471,083	$3,388,193
2018	$24,562,233	$26,103,980	$14,921,239	$-1,541,747

5TH AVENUE THEATRE ASSOCIATION