Goodwill Theatre Inc

Nonprofit profile at a glance

EIN
161612384
IRS 990 coverage
2011–2023
Forms available
Form 990 2023
Location
Johnson City, NY, USA
Phone
6077722404
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Theater

Official website

Reported finances

Revenue
$1,009,887
Expenses
$770,754
Assets
$5,471,007
Liabilities
$1,816,078

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • Naima Kradjian (CEO)
  • Albert Kukol (Vice President)
  • Tera Stanton (President)

Highest reported compensation

  • Naima Kradjian (CEO): $63,600 total reported compensation
  • Lynn Bond (Fiscal Director): $44,633 total reported compensation
  • Matthew Nowakowski (Fiscal Director): $1,353 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of Goodwill Theatre Inc. is to enrich our community by providing access to professional quality performing arts, entertainment, and events in a multi-stage complex.

What it reported doing in 2023

The primary purpose of the organization is to create a regional performing arts center that will enrich the lives of residents and visitors through education, events and performances. Presently, the main focus is towards renovating the historic goodwill theatre building. This phase is anticipated to be completed in 2026. Education and arts programing are presently being offered in the historic firehouse which is also being restored.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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 - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 57
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 70
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 52.1%; rating input score 52
  • Program expense ratio: 68.1%; rating input score 68
  • Fundraising efficiency: $15.19 raised per $1 spent on fundraising; rating input score 51; 51st percentile among comparable filings

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: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 23.7%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 7.1; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0.33; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 14.2%; rating input score 24; 24th percentile among comparable filings

Growth

  • Program expense growth: 4.9% per year; rating input score 100; 44th percentile among comparable filings
  • Revenue growth: -2.6% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: 4.9% per year; rating input score 100; 39th percentile among comparable filings

Details

  • Where the money goes: 52.1% of revenue deployed · 68.1% of spending went to programs
  • Governance: 16 of 16 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $525K in reported program spending
  • Leadership: top reported pay $64K · 19 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 13 filing years from 2011 to 2023
  • Contacts: How to reach this organization
  • Money network: 3 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.

  • Review — Financial Efficiency: Mission deployment rate scored 52/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 51/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.
  • High — Sustainability: Officer compensation ratio scored 24/100.