TCR FOUNDATION (EIN 426074882) - 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

1931

Legal Domicile

Principal Officer

PAT DEIGNAN

Phone

3194317706

Tax Period

2024-08-01 to 2025-07-31

TCR FOUNDATION, founded in 1931, is a small nonprofit in the Arts, Culture & Humanities sector that reported $100K in total revenue in fiscal year 2024. Revenue surged 81% from the prior year, signaling strong growth momentum. Expenses of $515K exceeded revenue, resulting in a 414% operating deficit.

Mission

TO MAINTAIN AND OPERATE REAL ESTATE USED BY THE COMMUNITY THEATRE OF CEDAR RAPIDS, INC. A PUBLICLY SUPPORTED CULTURAL ORGANIZATION AND HOLD A MAJORITY OF ENDOWED FUNDS.

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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 $0

Program Service Revenue $0

Investment Income $100,298

Other Revenue $0

TOTAL REVENUE $100,298

Expense Breakdown

Grants Paid $85,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $490,517

Other Expenses $430,121

TOTAL EXPENSES $515,121

Year-over-Year Comparison

	2024	2023	Change
Revenue	$100,298	$55,516	+0.8%
Expenses	$515,121	$873,145	-0.4%
Net Income	$-414,823	$-817,629	-0.5%

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

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

$138,837

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEIGNAN PAT	PRESIDENT/TREASURER	1.00	Officer Director	$0	$0	$0
RINGS RANDY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ERENBERGER LEANN	SECRETARY	1.00	Officer Director	$0	$0	$0
ABERNATHY TERRY	DIRECTOR	1.00	Director	$0	$0	$0
ATTY JIM	DIRECTOR	1.00	Director	$0	$0	$0
CARROLL PATRICE	DIRECTOR	1.00	Director	$0	$0	$0
DAY MARY	DIRECTOR	1.00	Director	$0	$0	$0
KLEIN JAMES	DIRECTOR	1.00	Director	$0	$0	$0
LINGE DINA	DIRECTOR	1.00	Director	$0	$0	$0
MCGRATH MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
RICHARDSON SARAH	DIRECTOR	1.00	Director	$0	$0	$0
SMITH LEIGHTON	DIRECTOR	1.00	Director	$0	$0	$0
HALLMAN KATIE	EXECUTIVE DIRECTOR	1.00	Officer	$0	$28,775	$138,837

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	$100,298	$515,121	$4,553,662	$-414,823
2024	$55,516	$873,145	$4,883,464	$-817,629
2023	$-9,392	$529,511	$5,434,182	$-538,903
2022	$67,471	$474,193	$5,786,735	$-406,722
2021	$38,814	$612,036	$6,347,335	$-573,222
2020	$64,893	$539,284	$6,594,472	$-474,391
2019	$70,363	$537,217	$7,083,870	$-466,854

TCR FOUNDATION