Tears of Joy Theatre
Nonprofit profile at a glance
- EIN
- 911107572
- IRS 990 coverage
- 2016–2017
- Forms available
- Form 990 2017
- Location
- Portland, OR, USA
- Phone
- 5038930792
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Theater
Reported finances
- Revenue
- $206,110
- Expenses
- $183,445
- Assets
- $12,129
- Liabilities
- $48,620
Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- CARL HINDS (PRESIDENT)
Highest reported compensation
- EMILY ALEXANDER (EXECUTIVE DI): $38,350 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization's mission is to produce, develop and present puppet theatre that celebrates the diversity of world cultures and to teach children and enrich their lives by helping them experience, create and perform art with professional artists.
What it reported doing in 2017
Tears of joy theatre is recognized as one of the nation's outstanding puppet theatres, known internationally for its innovation and excellence. Each year, the programs reach thousands of children and adults. They present productions and educational programs at home in the metro area of portland, Oregon and tours widely throughout the west.
Operating model
- Revenue model
- Earned-program. 84% of the money available for current operations came from fees and other program revenue.
- 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The required major-donor schedule is missing or incomplete and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 75
- Accountability: 88
- Sustainability: 35
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.3%; rating input score 78
- Program expense ratio: 87.6%; rating input score 88
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: No; rating input score 0
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 11%; rating input score 66; 66th percentile among comparable filings
- Total-asset coverage ratio: 0.07; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: 4.01; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 20.9%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: -11.9% per year; rating input score 0; 13th percentile among comparable filings
- Revenue growth: 51.4% per year; rating input score 100; 97th percentile among comparable filings
- Asset growth: 87.7% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 78.3% of revenue deployed · 87.6% of spending went to programs
- Governance: 9 of 9 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $161K in reported program spending
- Leadership: top reported pay $38K · 9 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 2 filing years from 2016 to 2017
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Transparency & Controls: Major donor itemization scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 5/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- High — Sustainability: Officer compensation ratio scored 19/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.