DESTINATION TOMORROW INC

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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

2009

Legal Domicile

Principal Officer

SEAN COLEMAN

Phone

6467233325

Tax Period

2024-07-01 to 2025-06-30

DESTINATION TOMORROW INC, founded in 2009, is a mid-sized nonprofit in the Human Services sector that reported $11.1M in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $12.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

GRASSROOTS AGENCY LOCATED IN THE SOUTH BRONX THAT PROVIDES TO AND FOR THE LGBTQ COMMUNITY. IT IS OUR BELIEF THAT NO ONE SHOULD HAVE TO LEAVE THEIR NEIGHBORHOOD TO ACCESS LGBTQ SPECIFIC SERVICES. IT IS OUR BELIEF THAT ALL LGBTQ YOUNG PEOPLE DESERVE A SPACE TO GROW, LEARN, AND FLOURISH. IT IS OUR BELIEF THAT PEOPLE, REGARDLESS OF THEIR SEXUAL IDENTITY OF GENDER EXPRESSION,DESERVE A SPACE THEY CAN CALL THEIR OWN.

Program Service Accomplishments

Program 1

Expenses: $6,353,622

HOUSING PROGRAMS: DESTINATION TOMORROW'S HOUSING PROGRAM IS DESIGNED TO PROVIDE MEMBERS OF THE TRANSGENDER AND GENDER NON-CONFORMING COMMUNITY WHO ARE CURRENT OR FORMER SEX WORKERS WITH SAFE SHELTER WHILE THEY TRANSITION INTO MORE PERMANENT HOUSING. THIS PROGRAM IS HOUSED IN A 16 UNIT BUILDING THAT ALLOWS CLIENTS TO STAY UP TO 90 DAYS. DURING THIS TIME, RESIDENTS WORK WITH HOUSING MANAGERS TO DEVELOP AN INDEPENDENT LIVING PLAN WITH THE GOAL OF SECURING HOUSING.

Program 2

Expenses: $1,862,644

LGBTQ PROGRAMS- DESTINATION TOMORROW PROVIDES PROGRAMS AND SERVICES FOR THE MEMBERS OF TRANSGENDER & NON-CONFORMING COMMUNITY SUCH AS HOUSING, LIFE SKILLS, JOB TRAINING, EDUCATION AND ENSURE QUALITY...

Program 3

Expenses: $655,275

YOUTH AND EDUCATION: THE EDUCATIONAL ENRICHMENT PROGRAMMING HAS BEEN THRIVING AT DESTINATION TOMORROW, SHOWCASING REMARKABLE GROWTH THROUGH OUR UNIQUE OFFERINGS IN THE NATIONAL EXTERNAL DIPLOMA...

YOUTH AND EDUCATION: THE EDUCATIONAL ENRICHMENT PROGRAMMING HAS BEEN THRIVING AT DESTINATION TOMORROW, SHOWCASING REMARKABLE GROWTH THROUGH OUR UNIQUE OFFERINGS IN THE NATIONAL EXTERNAL DIPLOMA PROGRAM, PEER LEADERSHIP TRAININGS, AND VOCATIONAL TRAININGS. WE ARE PROUD TO CELEBRATE THAT OVER 200 YOUTH PARTICIPATED IN OUR EDUCATIONAL INITIATIVES BETWEEN 2024 AND 2025, EMPOWERING THEM TO SHAPE THEIR FUTURES WITH CONFIDENCE AND PURPOSE.

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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 $11,115,496

Program Service Revenue $0

Investment Income $68

Other Revenue $0

TOTAL REVENUE $11,115,564

Expense Breakdown

Grants Paid $111,771

Salaries & Benefits $5,641,404

Fundraising Expenses $689,562

Program Expenses $9,286,596

Other Expenses $6,580,582

TOTAL EXPENSES $12,333,757

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,115,564	$7,683,579	+0.4%
Expenses	$12,333,757	$8,245,730	+0.5%
Net Income	$-1,218,193	$-562,151	+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

167

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

$439,009

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN COLEMAN	EXECUTIVE DI	40.00	Officer	$439,009	$0	$439,009
JAZMONAY CHERRY	EMPLOYEE	40.00	Highest	$119,615	$0	$119,615
TAI CHUNN	MEMBER	1.00	Director	$0	$0	$0
TOI FREDERICK	PRESIDENT	1.00	Officer Director	$0	$0	$0
DOMINIQUE JACKSON	MEMBER	1.00	Director	$0	$0	$0
CHAELA VOLPE	MEMBER	1.00	Director	$0	$0	$0
ROY WRENN	VICE PRESIDE	1.00	Officer 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	$11,115,564	$12,333,757	$4,081,077	$-1,218,193
2024	$7,683,579	$8,357,236	$5,760,687	$-673,657
2023	$5,576,418	$5,728,860	$6,516,354	$-152,442
2022	$3,826,959	$3,601,074	$1,512,630	$225,885
2021	$1,698,394	$2,496,183	$855,103	$-797,789
2020	$2,912,536	$1,954,003	$1,368,598	$958,533
2019	$1,010,858	$1,034,560	$143,195	$-23,702