THEATER DEVELOPMENT COUNCIL LOCAL DEVELOPMENT CORP (EIN 260728288) - 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

2000

Legal Domicile

Phone

2127203300

Tax Period

2024-06-01 to 2025-05-31

THEATER DEVELOPMENT COUNCIL LOCAL DEVELOPMENT CORP, founded in 2000, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 37151% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 99% operating margin.

Mission

The Theater Subdistrict Council (TSC) is organized for the purpose of promoting theater and theater-related use and preservation within the theater subdistrict and promoting the (Continued on Schedule O, Statement 1)

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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 $1,392,355

Program Service Revenue $0

Investment Income $7,539

Other Revenue $0

TOTAL REVENUE $1,399,894

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $13,357

TOTAL EXPENSES $13,357

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,399,894	$3,758	+371.5%
Expenses	$13,357	$12,701	+0.1%
Net Income	$1,386,537	$-8,943	-156.0%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC ADAMS	Chairman	2.00	Officer Director	$0	$0	$0
ADRIENNE ADAMS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DAN GARODNICK	Treasurer	2.00	Officer Director	$0	$0	$0
MARK LEVINE	Secretary	2.00	Officer Director	$0	$0	$0
VICTORIA BAILEY	BOARD MEMBER	2.00	Director	$0	$0	$0
LIN-MANUEL MIRANDA	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID HENRY HWANG	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID PARISH	CFO	2.00	Officer	$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	$1,399,894	$13,357	$1,583,985	$1,386,537
2024	$3,758	$12,701	$197,448	$-8,943
2023	$2,203	$13,400	$206,391	$-11,197
2022	$33	$9,509	$215,488	$-9,476
2022	$33	$9,509	$215,488	$-9,476
2021	$73	$10,600	$225,249	$-10,527
2021	$73	$10,600	$225,249	$-10,527
2020	$1,698	$12,650	$256,211	$-10,952
2019	$4,889	$1,117,036	$467,064	$-1,112,147

THEATER DEVELOPMENT COUNCIL LOCAL DEVELOPMENT CORP