CENTRUM FOUNDATION

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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

1974

Legal Domicile

Phone

3603853102

Tax Period

2024-01-01 to 2024-12-31

CENTRUM FOUNDATION, founded in 1974, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.5M in total revenue in fiscal year 2024.

Mission

TO ENCOURAGE THOSE WHO SEEK CREATIVE AND ARTISTIC GROWTH WHILE PRESENTING VISUAL, LITERARY AND PERFORMING ARTS TO THE PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $3,311,764

WORKSHOPS, PERFORMANCES AND EDUCATION PROGRAMS: MORE THAN 10,000 PEOPLE PARTAKE IN CENTRUM PROGRAMS EACH YEAR. THE MAJORITY OF ACTIVITY HAPPENS IN THE SUMMER WHEN CENTRUM OFFERS WORKSHOPS IN JAZZ...

WORKSHOPS, PERFORMANCES AND EDUCATION PROGRAMS: MORE THAN 10,000 PEOPLE PARTAKE IN CENTRUM PROGRAMS EACH YEAR. THE MAJORITY OF ACTIVITY HAPPENS IN THE SUMMER WHEN CENTRUM OFFERS WORKSHOPS IN JAZZ, BLUES, FIDDLE TUNES AND WRITING FOR STUDENTS OF ALL AGES. PERFORMANCES AT THE MCCURDY PAVILION AND WHEELER THEATER, FOR THE BENEFIT OF THE GENERAL PUBLIC, ARE THE CULMINATION OF THE WORKSHOPS. IN ADDITION, CENTRUM OFFERS PROGRAMS SPECIFICALLY FOR WASHINGTON YOUTH, INCLUDING A HIGH SCHOOL SUMMER ARTS CAMP, WATER WORLD (FOR 5TH AND 6TH GRADERS), AND EXPLORATIONS (FOR MIDDLE SCHOOLERS). NEARLY 460 ARTISTS UTILIZE CENTRUM COTTAGES EACH YEAR TO CREATE NEW WORKS.

Program 2

PUBLIC AWARENESS AND MARKETING ACTIVITIES: CENTRUM ACTIVITIES ARE MARKETED THROUGH BROCHURES, PRINT, RADIO AND TELEVISION ADVERTISING AS WELL AS EXTENSIVELY THROUGH OUR WEBSITE, FACEBOOK, TWITTER AND OTHER SOCIAL NETWORKING SITES. THE WEBSITE FEATURES NEW CONTENT DAILY THROUGH BLOGS AND OTHER MATERIAL PROVIDED BY STAFF, STUDENTS AND VOLUNTEERS.

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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 $2,759,744

Program Service Revenue $1,649,357

Investment Income $74,584

Other Revenue $587

TOTAL REVENUE $4,484,272

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,627,937

Fundraising Expenses $709,621

Program Expenses $3,311,764

Other Expenses $2,939,954

TOTAL EXPENSES $4,567,891

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,484,272	$4,694,999	0.0%
Expenses	$4,567,891	$4,540,854	+0.0%
Net Income	$-83,619	$154,145	-1.5%

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

300

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

$147,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROB BIRMAN	Executive Dir.	40.00	Director	$147,100	$0	$147,100
SCOTT WILSON	Member	2.00	Director	$0	$0	$0
MARK HAMBY	Member	2.00	Director	$0	$0	$0
KRIS EASTERDAY	Secretary	2.00	Officer Director	$0	$0	$0
WALTER PARSONS	Treasurer	2.00	Officer Director	$0	$0	$0
LEAH MITCHELL	Member	2.00	Director	$0	$0	$0
TERRY BERGESON	Member	2.00	Director	$0	$0	$0
JEAN CARDON	Member	2.00	Director	$0	$0	$0
ANDY FALLAT	Member	2.00	Director	$0	$0	$0
MALCOLM HARRIS	Member	2.00	Director	$0	$0	$0
RENEE KLEIN	President	2.00	Officer Director	$0	$0	$0
EDMUND W LITTLEFIELD JR	Member	2.00	Director	$0	$0	$0
DAVID RINN	Vice President	2.00	Officer Director	$0	$0	$0
CATHARINE ROBINSON	Member	2.00	Director	$0	$0	$0
RALPH SABIN	Member	2.00	Director	$0	$0	$0
SAM SHOEN	Member	2.00	Director	$0	$0	$0
DR SANDRA WALKER	Member	2.00	Director	$0	$0	$0
SALLY WARREN	Member	2.00	Director	$0	$0	$0
JON KERTZER	Member	2.00	Director	$0	$0	$0
MEREDITH WAGNER	Member	2.00	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
2024	$4,484,272	$4,567,891	$5,115,127	$-83,619
2023	$4,694,999	$4,540,854	$5,144,709	$154,145
2022	$4,566,550	$3,795,639	$3,619,964	$770,911
2021	$2,846,644	$2,376,652	$3,437,898	$469,992
2020	$1,954,570	$1,934,217	$2,624,941	$20,353
2019	$4,593,023	$3,694,123	$2,500,950	$898,900
2018	$3,856,249	$3,402,087	$1,554,657	$454,162