Amt Theater Inc

Nonprofit profile at a glance

EIN
923774513
IRS 990 coverage
2023–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
9173882630
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities

Reported finances

Revenue
$955,028
Expenses
$990,329
Assets
$12,331
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Highest reported compensation

  • TAMARA FLANNAGAN-DITMYER (CO-PRESIDENTS): $50,400 total reported compensation
  • SHARON OSOWSKI (TREASURER): $50,400 total reported compensation
  • ZOE REEVE (BOARD MEMBER): $32,615 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Amt theater aims to entertain, educate and inspire people through the arts. Amt theater shall provide audiences the opportunity to attend and participate in quality presentations of the finest theatrical works available. We are dedicated to enhancing quality of life through art, events and workshops. Amt will create opportunities for hands-on learning experiences in all aspects of theater production and management to adults and children in order to foster and develop their talents.

What it reported doing in 2024

Amt theater's new play reading series features works from different, unpublished writers, intended to introduce new plays and new authors to the hell's kitchen community and show the writers how their plays worked in front of a live audience. Our youth theater program offers an opportunity for students (age 8 - 18) to perform in published broadway musicals with a team of New York artists leading the way by teaching them classes in acting, singing, dancing and writing. Nyc experience is where amt theater partners with idea guadalajara to bring students from mexico and give them a chance to experience life behind the scenes on broadway with outstanding training by industry professionals.

Operating model

Revenue model
Donor-supported. 84% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 92
  • Accountability: 34
  • Sustainability: 26
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.8%; rating input score 88
  • Program expense ratio: 84.7%; rating input score 85
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 11.1%; rating input score 11; 9th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -3.7%; rating input score 26; 26th percentile among comparable filings
  • Total-asset coverage ratio: 0.01; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 15.3%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: 113% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 92.1% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: -117.7% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 87.8% of revenue deployed · 84.7% of spending went to programs
  • Governance: 1 of 9 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $839K in reported program spending
  • Leadership: top reported pay $50K · 9 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Independent voting board scored 11/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Sustainability: Operating margin scored 26/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 22/100.