NEW ART CITY THEATRE (EIN 922945597) - 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

2023

Legal Domicile

Principal Officer

BEVERLY WARD

Phone

2034346119

Tax Period

2024-10-01 to 2025-09-30

NEW ART CITY THEATRE, founded in 2023, is a small nonprofit in the Arts, Culture & Humanities sector that reported $331K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $60K, a strong 18% operating margin.

Mission

TO FORGE A NEW PATH TO OPPORTUNITY FOR ARTISTS WHO CREATE THEATRE. BY GIVING EQUAL ACCESS TO DIVERSE VOICES, AND INVITING A BROADER AUDIENCE TO JOIN US, WE ASPIRE TO ELEVATE ALL THAT IS COMPELLING ABOUT ORIGINAL THEATRE AND ITS ABILITY TO PROMOTE UNITY, INSPIRE CURIOSITY, AND PROVIDE JOY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $282,916

Program Service Revenue $47,596

Investment Income $188

Other Revenue $0

TOTAL REVENUE $330,700

Expense Breakdown

Grants Paid $0

Salaries & Benefits $172,754

Fundraising Expenses $16,532

Program Expenses $167,763

Other Expenses $97,725

TOTAL EXPENSES $270,479

Year-over-Year Comparison

	2024	2023	Change
Revenue	$330,700	$352,132	-0.1%
Expenses	$270,479	$226,229	+0.2%
Net Income	$60,221	$125,903	-0.5%

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

$84,550

Total Directors

$50,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEVERLY WARD	FOUNDER/V PR	40.00	Officer Director	$50,900	$0	$50,900
KIRBY WARD	FOUNDER/ARTI	40.00	Officer	$33,650	$0	$33,650
ANNE PAUL KING	MEMBER AT LA	2.00	Director	$0	$0	$0
JEFF LAMBERT	MEMBER AT LA	2.00	Director	$0	$0	$0
NEAL LASSILA	PRESIDENT	2.00	Director	$0	$0	$0
SANDRA M LASSILA	TREASURER	2.00	Director	$0	$0	$0
JUDITH Y RUSSO	SECRETARY	2.00	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
2025	$330,700	$270,479	$235,657	$60,221
2024	$352,132	$226,229	$188,010	$125,903

NEW ART CITY THEATRE