DESTINATION TOMORROW INC (EIN 800259180) - 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

2009

Legal Domicile

Principal Officer

SEAN COLEMAN

Phone

6467233325

Tax Period

2023-07-01 to 2024-06-30

DESTINATION TOMORROW INC, founded in 2009, is a community nonprofit in the Human Services sector that reported $7.7M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum.

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.

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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 $7,683,579

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $7,683,579

Expense Breakdown

Grants Paid $247,500

Salaries & Benefits $3,136,186

Fundraising Expenses $140,378

Program Expenses $7,103,397

Other Expenses $4,973,550

TOTAL EXPENSES $8,357,236

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,683,579	$5,576,418	+0.4%
Expenses	$8,357,236	$5,728,860	+0.5%
Net Income	$-673,657	$-152,442	+3.4%

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

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

$220,753

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN COLEMAN	EXECUTIVE DI	40.00	Officer	$220,753	$0	$220,753
TAI CHUNN	MEMBER	1.00	Director	$0	$0	$0
TOI FREDERICK	PRESIDENT	1.00	Officer Director	$0	$0	$0
DOMONIQUE 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
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

DESTINATION TOMORROW INC