DESTINATION CRENSHAW (EIN 823003629) - 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

2017

Legal Domicile

Principal Officer

JASON FOSTER

Phone

2134526565

Tax Period

2024-01-01 to 2024-12-31

DESTINATION CRENSHAW, founded in 2017, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $18.2M in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $14.0M, a strong 77% operating margin.

Mission

THROUGH THE DEVELOPMENT OF DESTINATION CRENSHAW PROJECT, DESTINATION CRENSHAW IS BUILDING BLACK GLOBAL CULTURAL AND ECONOMIC PLATFORMS THAT ALLOW BLACK ARTISTS AND BUSINESSES TO THRIVE AND DRIVE INVESTMENT THAT SUPPORTS THE BLACK COMMUNITY.THESE PLATFORMS INCLUDE PUBLIC ART AND CULTURAL ASSETS, COLLABORATIONS WITH LOCAL BLACK BUSINESSES, COMMUNICATIONS STRATEGIES THAT CELEBRATE BLACK ART, AND MORE. ACKNOWLEDGING THE CHALLENGES THAT SURROUND INFRASTRUCTURE INVESTMENTS, WE ARE COMMITTED TO SUPPORTING AND PRESERVING EXISTING BUSINESSES AND RESIDENTS WITHIN OUR POWER.

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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 $18,177,177

Program Service Revenue $38,450

Investment Income $0

Other Revenue $911

TOTAL REVENUE $18,216,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $703,516

Fundraising Expenses $436,154

Program Expenses $2,995,646

Other Expenses $3,426,334

TOTAL EXPENSES $4,250,250

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,216,538	$28,730,812	-0.4%
Expenses	$4,250,250	$4,017,531	+0.1%
Net Income	$13,966,288	$24,713,281	-0.4%

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

$224,199

Total Directors

$224,199

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BERLINDA FONTENOT-JAMERSON	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DEBORAH BRYANT	TREASURER	1.00	Officer Director	$0	$0	$0
EFFIE TURNBULL-SANDERS	BOARD MEMBER	1.00	Director	$0	$0	$0
SHOMARI DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON FOSTER	PRESIDENT	40.00	Officer Director	$214,527	$9,672	$224,199
HEATHER ELENA HESLUP	DIRECTOR OF PUBLIC ART PROGRAM	40.00	Highest	$118,000	$9,820	$127,820

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	$18,216,538	$4,250,250	$100,116,768	$13,966,288
2023	$28,730,812	$4,017,531	$71,945,771	$24,713,281
2022	$15,168,417	$2,166,465	$45,200,808	$13,001,952
2021	$11,299,025	$9,652,416	$35,511,106	$1,646,609
2020	$9,960,438	$7,673,757	$2,995,569	$2,286,681
2019	$4,944,854	$4,899,566	$1,810,829	$45,288
2018	$212,645	$197,736	$14,909	$14,909

DESTINATION CRENSHAW