DULUTH PLAYHOUSE INC (EIN 410694692) - 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

Legal Domicile

Principal Officer

JUSTIN PECK

Phone

2187337551

Tax Period

2024-09-01 to 2025-08-31

DULUTH PLAYHOUSE INC is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.6M in total revenue in fiscal year 2024. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $3.5M exceeded revenue, resulting in a 36% operating deficit.

Mission

TO OPERATE A COMMUNITY THEATRE AND PROVIDE COMMUNITY EDUCATION AND CLASSES IN THEATRE IN THE DULUTH AREA

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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 $415,371

Program Service Revenue $2,100,454

Investment Income $24,147

Other Revenue $72,500

TOTAL REVENUE $2,612,472

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,056,750

Fundraising Expenses $64,670

Program Expenses $3,126,679

Other Expenses $2,485,965

TOTAL EXPENSES $3,542,715

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,612,472	$8,584,505	-0.7%
Expenses	$3,542,715	$3,458,097	+0.0%
Net Income	$-930,243	$5,126,408	-1.2%

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

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

$134,980

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WES DRUMMOND	EXECUTIVE DI	40.00	Officer	$129,980	$5,000	$134,980
JENNIFER BERRY	BOARD	1.00	Director	$0	$0	$0
ANNIE CARMICHAEL	BOARD	1.00	Director	$0	$0	$0
RYAN COOLE	BOARD	1.00	Director	$0	$0	$0
MONIQUE FORCIER	BOARD	1.00	Director	$0	$0	$0
STACY JOHNSTON	SECRETARY	1.00	Officer Director	$0	$0	$0
DIANA LAWREY	BOARD	1.00	Director	$0	$0	$0
JILL LOFALD	BOARD	1.00	Director	$0	$0	$0
DAN MARKHAM	BOARD	1.00	Director	$0	$0	$0
MEGAN MERTH	TREASURER	1.00	Officer Director	$0	$0	$0
JUSTIN PECK	PRESIDENT	1.00	Officer Director	$0	$0	$0
DANIELLE THRALOW	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CHRIS VIRTA	BOARD	1.00	Director	$0	$0	$0
KIKI WATTS	BOARD	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
2025	$2,612,472	$3,542,715	$26,204,852	$-930,243
2024	$8,584,505	$3,458,097	$27,089,732	$5,126,408
2023	$3,573,993	$2,885,004	$19,353,475	$688,989
2022	$3,003,530	$2,823,335	$18,649,161	$180,195
2021	$1,688,980	$1,472,715	$18,815,654	$216,265
2020	$1,867,294	$2,122,911	$18,599,391	$-255,617
2019	$3,037,523	$2,792,250	$19,133,101	$245,273
2018	$10,455,404	$2,125,759	$19,179,087	$8,329,645

DULUTH PLAYHOUSE INC