WHIDBEY PLAYHOUSE ASSOCIATION (EIN 237211551) - Form 990 Financial Analysis & Trantor Score

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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

1973

Legal Domicile

Principal Officer

THERESA FRAZER

Phone

3606792237

Tax Period

2024-07-01 to 2025-06-30

WHIDBEY PLAYHOUSE ASSOCIATION, founded in 1973, is a small nonprofit in the Arts, Culture & Humanities sector that reported $258K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. Net assets of $600K represent 28 months of operating reserves.

Mission

COMMUNITY PLAYHOUSE PRODUCTION OF PLAYS, WORKSHOPS, AND MISCELLANEOUS PRODUCTIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $31,244

Program Service Revenue $188,499

Investment Income $1,140

Other Revenue $36,675

TOTAL REVENUE $257,558

Expense Breakdown

Grants Paid $4,300

Salaries & Benefits $55,757

Fundraising Expenses $0

Program Expenses $188,812

Other Expenses $197,731

TOTAL EXPENSES $257,788

Year-over-Year Comparison

	2024	2023	Change
Revenue	$257,558	$185,061	+0.4%
Expenses	$257,788	$190,257	+0.4%
Net Income	$-230	$-5,196	-1.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THERESA FRAZER	TREASURER	005.00	Officer Director	$0	$0	$0
SARAH GALELLA	VICE PRESIDENT	001.00	Officer Director	$0	$0	$0
MATT MONTOYA	PRESIDENT	002.00	Officer Director	$0	$0	$0
RAIN DAVIDSON	SECRETARY	001.00	Officer Director	$0	$0	$0
ERIC GEORGE	MEMBER	001.00	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
2025	$257,558	$257,788	$650,755	$-230
2024	$185,061	$190,257	$630,930	$-5,196
2023	$118,453	$116,369	$620,749	$2,084
2022	$71,608	$100,830	$629,786	$-29,222
2021	$29,979	$71,227	$642,504	$-41,248
2020	$192,162	$193,949	$679,420	$-1,787
2019	$193,491	$190,965	$710,328	$2,526
2018	$199,840	$237,307	$710,631	$-37,467

WHIDBEY PLAYHOUSE ASSOCIATION