DEFINITION THEATRE COMPANY (EIN 455400665) - 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

2012

Legal Domicile

Principal Officer

Tyrone Phillips

Phone

8479031029

Tax Period

2024-01-01 to 2024-12-31

DEFINITION THEATRE COMPANY, founded in 2012, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 110% from the prior year, signaling strong growth momentum. The organization ran a surplus of $756K, a strong 55% operating margin.

Mission

Definition Theatre celebrates stories created with, inspired by, and intended for the people and communities of color. Through the act of making, Definition expands perspectives, stewards resources, and bridges the immense possibility found at the intersection of art, innovation, and education.

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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 $1,337,117

Program Service Revenue $21,489

Investment Income $43

Other Revenue $16,155

TOTAL REVENUE $1,374,804

Expense Breakdown

Grants Paid $0

Salaries & Benefits $239,080

Fundraising Expenses $55,589

Program Expenses $514,107

Other Expenses $379,458

TOTAL EXPENSES $618,538

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,374,804	$654,971	+1.1%
Expenses	$618,538	$521,543	+0.2%
Net Income	$756,266	$133,428	+4.7%

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

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

$100,000

Total Directors

$100,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tyrone Phillips	ARTISTIC DIREC.	40.00	Officer Director	$50,000	$0	$50,000
Neel McNeill	Director	40.00	Officer Director	$50,000	$0	$50,000
Tiffany Trent	President	1.00	Officer Director	$0	$0	$0
Rachel Fruend	Treasurer	1.00	Officer Director	$0	$0	$0
Nicole Clements	Secretary	1.00	Officer Director	$0	$0	$0
Alina Ali	Director	1.00	Director	$0	$0	$0
Greta Honold	Director	1.00	Director	$0	$0	$0
Timothy Ortmann	Director	1.00	Director	$0	$0	$0
Gordon Liao	Director	1.00	Director	$0	$0	$0
Terrand Smith	Director	1.00	Director	$0	$0	$0
Michael Strutmanis	Director	1.00	Director	$0	$0	$0
Hansel Whiteurst	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	$1,374,804	$618,538	$1,829,702	$756,266
2023	$654,971	$521,543	$975,214	$133,428
2023	$934,303	$521,543	$1,067,714	$412,760
2022	$323,183	$319,680	$654,954	$3,503
2022	$510,015	$319,680	$841,786	$190,335
2021	$538,280	$254,589	$651,451	$283,691
2020	$401,804	$55,639	$367,760	$346,165

DEFINITION THEATRE COMPANY