WHITESIDE THEATRE FOUNDATION (EIN 261931455) - 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

2008

Legal Domicile

Principal Officer

CLOUD DAVIDSON

Tax Period

2025-01-01 to 2025-12-31

WHITESIDE THEATRE FOUNDATION, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $296K in total revenue in fiscal year 2025. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $355K exceeded revenue, resulting in a 20% operating deficit.

Mission

REHABILITATE AND RESTORE THE HISTORIC WHITESIDE THEATRE IN DOWNTOWN CORVALLIS TO BECOME A MULTIPURPOSE ENTERTAINMENT AND EVENTS VENUE, ENHANCING ECONOMIC VITALITY AND CULTURAL DIVERSITY FOR THE ENTIRE COMMUNITY

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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 (2025)

Revenue Breakdown

Contributions & Grants $46,723

Program Service Revenue $177,323

Investment Income $-49

Other Revenue $72,233

TOTAL REVENUE $296,230

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,223

Fundraising Expenses $0

Program Expenses $105,626

Other Expenses $199,398

TOTAL EXPENSES $354,621

Year-over-Year Comparison

	2025	2024	Change
Revenue	$296,230	$198,851	+0.5%
Expenses	$354,621	$295,905	+0.2%
Net Income	$-58,391	$-97,054	-0.4%

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

N/A

Volunteers

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
CLOUD DAVIDSON	PRESIDENT/ SECRETARY	005.00	Officer Director	$0	$0	$0
KAREN DEWOLFE	MEMBER	001.00	Director	$0	$0	$0
DEVON CASH	MEMBER	001.00	Director	$0	$0	$0
SHARON BOGDANOVIC	TREASURER	002.00	Officer Director	$0	$0	$0
JEFF SIMPSON	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	$296,230	$354,621	$921,247	$-58,391
2024	$198,851	$295,905	$974,187	$-97,054
2023	$465,837	$510,489	$1,060,277	$-44,652
2022	$453,577	$430,196	$1,106,563	$23,381
2021	$299,200	$249,173	$1,110,854	$50,027
2020	$141,158	$179,092	$1,060,147	$-37,934
2019	$277,510	$308,918	$1,086,293	$-31,408
2018	$192,667	$216,807	$1,116,453	$-24,140

WHITESIDE THEATRE FOUNDATION