SIGNIFICANT PRODUCTIONS 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

2022

Legal Domicile

Principal Officer

JASON GOEDKEN

Phone

3526689502

Tax Period

2023-01-01 to 2023-12-31

SIGNIFICANT PRODUCTIONS INC, founded in 2022, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.8M in total revenue in fiscal year 2023. Revenue surged 242% from the prior year, signaling strong growth momentum. Expenses of $9.5M exceeded revenue, resulting in a 39% operating deficit.

Mission

SIGPRO CULTIVATES A DIVERSE COLLABORATIVE COMMUNITY WITH A FOCUS ON ARTISTS' WELL-BEING THAT STRIVES TO PROVOKE THOUGHT AND SPARK CONVERSATION THROUGH HIGH-QUALITY PERFORMING ARTS.

Program Service Accomplishments

Program 1

Expenses: $5,621,198 Revenue: $4,724,922

THE SHARON: THE SHARON IS A COMMERCIAL TOURING HOUSE THAT BOOKS PERFORMANCES THROUGH AGENTS AND PROMOTERS. WE PROVIDE ALL SERVICES TYPICAL OF A TOURING HOUSE FROM HOSPITALITY TO TECHNICAL WORK.

Program 2

Expenses: $1,550,332 Revenue: $522,467

THE STUDIO: THE STUDIO IS A PRODUCTION THEATER THAT DOES IT ALL EXCEPT WRITING PLAYS. WE SELECT THE SCRIPTS WITH A PLAY READING COMMITTEE AND DO ALL FACETS FROM HIRING AND HOUSING ACTORS AND...

THE STUDIO: THE STUDIO IS A PRODUCTION THEATER THAT DOES IT ALL EXCEPT WRITING PLAYS. WE SELECT THE SCRIPTS WITH A PLAY READING COMMITTEE AND DO ALL FACETS FROM HIRING AND HOUSING ACTORS AND DESIGNERS TO BUILDING ALL ELEMENTS OF THE PRODUCTION LIKE COSTUMES, PROPS, LIGHT AND SOUND DESIGN, AND SCENERY.

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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 $1,502,132

Program Service Revenue $5,247,389

Investment Income $0

Other Revenue $94,982

TOTAL REVENUE $6,844,503

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,369,655

Fundraising Expenses $55,972

Program Expenses $8,252,145

Other Expenses $7,140,715

TOTAL EXPENSES $9,510,370

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,844,503	$2,001,500	+2.4%
Expenses	$9,510,370	$496,738	+18.1%
Net Income	$-2,665,867	$1,504,762	-2.8%

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

204

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

$155,085

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON GOEDKEN	EXECUTIVE DIRECTOR	40	Officer	$155,085	$0	$155,085
WHITNEY A MORSE	ARTISTIC DIRECTOR	40	Highest	$139,589	$0	$139,589
ELLIOT SUSSMAN	PRESIDENT	1	Officer Director	$0	$0	$0
MARCUS BRIDGEWATER	VICE PRESIDENT	1	Officer Director	$0	$0	$0
DONA TAYLOR	TREASURER	1	Officer Director	$0	$0	$0
ELIZABETH CONSTANT	SECRETARY	1	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	No data	No data	No data	No data
2023	$6,844,503	$9,510,370	$1,691,940	$-2,665,867
2022	$2,001,500	$496,738	$2,284,870	$1,504,762