Grand Marais Playhouse Inc

Nonprofit profile at a glance

EIN
411246286
IRS 990-EZ coverage
2019–2024
Forms available
Form 990-EZ 2024
Location
Grand Marais, MN, USA
Phone
9522373712
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Theater

Reported finances

Revenue
$140,213
Expenses
$143,736
Assets
$177,542
Liabilities
$4,457

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

People named in this filing

  • Courtney Quaife (Chair)
  • Jonathan Hedstrom (Secretary)
  • Gordon Engstrom (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Education and Entertainment

What it reported doing in 2024

Operates a Community Theater in Grand Marais, MN. Stages local productions and offers workshops and educational programs to students at local schools (contd on Schedule O)

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 100
  • Sustainability: 37
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.4%; rating input score 76
  • Program expense ratio: 74.1%; rating input score 74

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -2.5%; rating input score 27; 27th percentile among comparable filings
  • Total-asset coverage ratio: 1.24; rating input score 66; 66th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 34.8%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: 11.2% per year; rating input score 100; 63rd percentile among comparable filings
  • Revenue growth: 9.4% per year; rating input score 100; 65th percentile among comparable filings
  • Asset growth: 22.7% per year; rating input score 100; 83rd percentile among comparable filings

Details

  • Where the money goes: 76.4% of revenue deployed · 74.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $107K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 27/100.
  • High — Sustainability: Officer compensation ratio scored 9/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.