MAGIC THEATRE INC

EIN: 941733420 501(c)(3) Arts, Culture & Humanities

SAN FRANCISCO, CA

Total Revenue
$1,545,813
Total Expenses
$1,712,629
Total Assets
$592,086
Net Assets
$71,209
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
CA
Phone
4154418001
Tax Period
2024-09-01 to 2025-08-31

MAGIC THEATRE INC, founded in 1971, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Expenses of $1.7M exceeded revenue, resulting in a 11% operating deficit.

Mission

MAGIC THEATRE IS A PLACE WHERE EMERGING AND ESTABLISHED PLAYWRIGHTS ENGAGE AUDIENCES IN A UNIQUE EXPERIENCE; THE CHANCE TO PARTICIPATE IN THE DEVELOPMENT OF NEW WORK THAT IS STAGED IN AN INTIMATE, PROFESSIONAL SETTING THAT SPEAKS TO CONTEMPORARY ISSUES WITH ORIGINALITY AND WIT, A SENSE OF URGENCY AND ADVENTURE.

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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 $1,249,035
Program Service Revenue $188,328
Investment Income $5
Other Revenue $108,445
TOTAL REVENUE $1,545,813

Expense Breakdown

Grants Paid $0
Salaries & Benefits $954,766
Fundraising Expenses $227,265
Program Expenses $1,135,283
Other Expenses $757,863
TOTAL EXPENSES $1,712,629

Year-over-Year Comparison

2024 2023 Change
Revenue $1,545,813 $1,509,520 +0.0%
Expenses $1,712,629 $1,678,277 +0.0%
Net Income $-166,816 $-168,757 0.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
83
Volunteers
2

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
$0
Total Directors
12
$200,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SEAN SAN JOSE ARTISTIC DIRECTOR 40.00
Director
$120,000 $0 $120,000
LEIGH WOLF CHAIRMAN 6.00
Officer Director
$0 $0 $0
KAREN DONOVAN TREASURER 5.00
Officer Director
$0 $0 $0
KATHRYN KERSEY CHAIRMAN 12.00
Officer Director
$0 $0 $0
COLMAN DOMINGO BOARD MEMBER 1.00
Director
$0 $0 $0
IRENE FAYE DULLER BOARD MEMBER 8.00
Director
$0 $0 $0
ANNE LAI SECRETARY 4.00
Officer Director
$0 $0 $0
ANGELA MARINO BOARD MEMBER 2.00
Director
$0 $0 $0
KEVIN NELSON MANAGING DIRECTOR 40.00
Director
$80,000 $0 $80,000
RICHARD TSANG BOARD MEMBER 3.00
Director
$0 $0 $0
JOAN OSATO BOARD MEMBER 5.00
Director
$0 $0 $0
KATHERINE DANIELS SECRETARY 6.00
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
2025 $1,545,813 $1,712,629 $592,086 $-166,816
2024 $1,509,520 $1,678,277 $809,422 $-168,757
2023 $1,145,406 $1,512,443 $1,086,905 $-367,037
2022 $1,370,865 $1,194,788 $908,140 $176,077
2022 $1,445,865 $1,194,788 $983,140 $251,077
2021 $843,584 $687,508 $829,639 $156,076
2020 $1,401,144 $1,323,605 $689,768 $77,539
2019 $1,344,826 $1,360,125 $511,146 $-15,299
2018 $1,834,234 $1,754,076 $584,655 $80,158
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