Story Theater Company
Nonprofit profile at a glance
- EIN
- 760842889
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024, Form 990-EZ 2022, Form 990-N 2011
- Location
- Ames, IA, USA
- Phone
- 5152320533
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $209,154
- Expenses
- $205,921
- Assets
- $81,014
- Liabilities
- $2,186
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- AMY DIVINE (PRESIDENT)
Highest reported compensation
- AMY DIVINE (PRESIDENT): $2,635 total reported compensation
- KERI KATZ (VICE PRESIDE): $2,550 total reported compensation
- TOM HAGGAS (DIRECTOR): $800 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Story theater compnay offers quality theatrical opportunities for area children and provide them with positive role models who teach the fundamentals of theater in a welcoming environment that encourages self- confidence, responsibility, teamwork and inclusion of all.
What it reported doing in 2024
Children's theater productions: to offer quality theatrical opportunities for children in ames and the surrounding communities through theater performances with positive role models who teach the fundamentals of theater in a positive and welcoming environment that encourages self confidence, responsibility and teamwork.
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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 94
- Transparency & Controls: 92
- Accountability: 68
- Sustainability: 35
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.8%; rating input score 94
- Program expense ratio: 93%; rating input score 93
- Fundraising efficiency: $380.44 raised per $1 spent on fundraising; rating input score 95; 95th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 9 controls in place; rating input score 22
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 1.5%; rating input score 43; 43rd percentile among comparable filings
- Total-asset coverage ratio: 0.39; rating input score 20; 20th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 38; 38th percentile among comparable filings
- Officer compensation ratio: 2.9%; rating input score 35; 35th percentile among comparable filings
Growth
- Program expense growth: 1.3% per year; rating input score 100; 36th percentile among comparable filings
- Revenue growth: 12.1% per year; rating input score 100; 77th percentile among comparable filings
- Asset growth: 9.5% per year; rating input score 100; 64th percentile among comparable filings
Details
- Where the money goes: 93.8% of revenue deployed · 93% of spending went to programs
- Governance: 14 of 14 board members independent · 2 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $192K in reported program spending
- Leadership: top reported pay $3K · 14 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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 — Accountability: Governance controls: 6 of 8 not reported.
- Moderate — Sustainability: Operating margin scored 43/100.
- High — Sustainability: Total-asset coverage ratio scored 20/100.
- Moderate — Sustainability: Officer compensation ratio scored 35/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 38/100.