HISTORIC DESOTO THEATRE FOUNDATION INC (EIN 263123118) - 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

2008

Legal Domicile

Principal Officer

LEANNE COOK

Phone

7062376070

Tax Period

2023-01-01 to 2023-12-31

HISTORIC DESOTO THEATRE FOUNDATION INC, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $441K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $307K, a strong 70% operating margin.

Mission

TO RESTORE HISTORIC DESOTO THEATRE TO ITS FORMER GLORY

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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 (2023)

Revenue Breakdown

Contributions & Grants $374,224

Program Service Revenue $0

Investment Income $172

Other Revenue $66,615

TOTAL REVENUE $441,011

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $103,545

Other Expenses $133,545

TOTAL EXPENSES $133,545

Year-over-Year Comparison

	2023	2022	Change
Revenue	$441,011	$344,489	+0.3%
Expenses	$133,545	$120,505	+0.1%
Net Income	$307,466	$223,984	+0.4%

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

1049

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
LEANNE COOK	PRESIDENT	3.00	Director	$0	$0	$0
JIM POWELL	PAST PRESIDENT	1.00		$3,975	$0	$3,975
AMANDA SWENDSEN	SECRETARY	1.00	Director	$0	$0	$0
MATT LEVIN	TREASURER	3.00	Director	$0	$0	$0
DANNY PRICE	VICE PRESIDENT	1.00	Director	$0	$0	$0
ANDY BRESSETTE	CHAIR OF BUILDING COMMITTEE	1.00	Director	$0	$0	$0
DAVID CLONTS	DIRECTOR	1.00	Director	$0	$0	$0
DAN GITOMER	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA STEWART	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
CHASON MULL	DIRECTOR	1.00	Director	$0	$0	$0
GREG PRICE	DIRECTOR	1.00	Director	$0	$0	$0
LAUREEN RIZZI	DIRECTOR	1.00	Director	$0	$0	$0
AMY MENDES	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE WILLIAMS	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$441,011	$133,545	$1,359,208	$307,466
2022	$344,489	$120,505	$1,070,202	$223,984
2021	$521,956	$261,130	$863,608	$260,826
2020	$110,249	$73,444	$611,231	$36,805
2019	$149,136	$125,829	$590,139	$23,307
2018	$141,159	$87,791	$581,681	$53,368

HISTORIC DESOTO THEATRE FOUNDATION INC