DESTINATION THEATRE INC (EIN 861914520) - 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

2021

Legal Domicile

Principal Officer

Amy Duffy

Phone

7274181042

Tax Period

2024-01-01 to 2024-12-31

DESTINATION THEATRE INC, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $243K in total revenue in fiscal year 2024. Expenses of $272K exceeded revenue, resulting in a 12% operating deficit.

Mission

Destination Theatre is formed for the charitable and educational purpose of promoting access to the theatre. It furthers its charitable purpose by conducting educational workshops and seminars, creating theater productions, providing scholarships, and promoting awareness of theater.

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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 $115,586

Program Service Revenue $126,998

Investment Income $0

Other Revenue $0

TOTAL REVENUE $242,584

Expense Breakdown

Grants Paid $0

Salaries & Benefits $172,647

Fundraising Expenses $0

Program Expenses $172,589

Other Expenses $99,579

TOTAL EXPENSES $272,226

Year-over-Year Comparison

	2024	2023	Change
Revenue	$242,584	N/A	N/A
Expenses	$272,226	N/A	N/A
Net Income	$-29,642	$0	N/A

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

$42,974

Total Directors

$42,974

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cory Phelps	President and Artistic Director	50	Officer Director Highest	$21,000	$658	$21,658
Amy Duffy	Executive Director, Secretary and Treasurer	50	Officer Director	$21,000	$316	$21,316
Suzanne Gray	Director	4	Director	$0	$0	$0
Jennifer Wunder	Director	0.5	Director	$0	$0	$0
Vincent Thurman	Director	0.5	Director	$0	$0	$0
Justin Anderson	Director	0.5	Director	$0	$0	$0
Michael Crute	Director	0.5	Director	$0	$0	$0
John Geertsen	Director	0.5	Director	$0	$0	$0
Maggie Geertsen	Director	0.5	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	No data	No data	No data	No data
2024	$242,584	$272,226	$20,596	$-29,642

DESTINATION THEATRE INC