Trinity One Theatre Troupe Inc

Nonprofit profile at a glance

EIN
461465106
IRS 990 coverage
2020–2024
Forms available
Form 990 2024, Form 990-N 2017
Location
San Diego, CA, USA
Phone
6195009176
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Theater

Official website

Reported finances

Revenue
$835,888
Expenses
$822,937
Assets
$566,034
Liabilities
$0

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

Leadership & pay

9 people listed

Executive titles in this filing

  • Sean Boyd (Executive Director)
  • Richard Costantinou (Vice President)
  • Kenden Reed (President)

Highest reported compensation

  • Sean Boyd (Executive Director): $77,189 total reported compensation

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

Overview

Mission

Trinity Theatre Company (TTC) renders productions of great societal value in hopes of unifying friends, family, and community. TTC believes all individuals wishing to participate in the performing arts should have a venue in which they inspire and are inspired. Our shows merge the talents of seasoned performers as well as spirited newcomers, jointly engaged in both performance and technical aspects of theatre.

What it reported doing in 2024

GROWN UP STAGE - Our Grown Up Stage is our professional theatre branch, employing artists to create theatrical productions. In consists of our GUS productions, Storytime, and co-productions & rentals. In 2024, we welcomed over 10,000 individuals as patrons, and approximately 200 individuals as a combination of paid and volunteer artists. The programs were provided at our mission valley facility, in addition to 11 county libraries, caroling performances at Noah Homes. We also continued to offer our Living Room Readers program, which serves a weekly gathering of on average 12 individuals.

Operating model

Revenue model
Other-operating. 71% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 99% 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. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 92
  • Accountability: 77
  • Sustainability: 44
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.6%; rating input score 97
  • Program expense ratio: 98.1%; rating input score 98
  • Fundraising efficiency: $30.37 raised per $1 spent on fundraising; rating input score 69; 69th percentile among comparable filings

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: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 77.8%; rating input score 78; 17th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • 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: 1.5%; rating input score 41; 41st percentile among comparable filings
  • Total-asset coverage ratio: 0.69; rating input score 31; 31st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 9.4%; rating input score 39; 39th percentile among comparable filings

Growth

  • Program expense growth: 49.4% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 45.3% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 59.7% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 96.6% of revenue deployed · 98.1% of spending went to programs
  • Governance: 7 of 9 board members independent · 6 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $807K in reported program spending
  • Leadership: top reported pay $77K · 9 people listed
  • Consistency: 31 of 31 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 5 filing years from 2020 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.

  • Moderate — Sustainability: Operating margin scored 41/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
  • Moderate — Sustainability: Officer compensation ratio scored 39/100.