SOO THEATRE PROJECT INC

EIN: 300047108 501(c)(3) Arts, Culture & Humanities

SAULT STE MARIE, MI

Total Revenue
$663,906
Total Expenses
$457,811
Total Assets
$1,323,376
Net Assets
$1,290,346
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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
2004
Legal Domicile
MI
Principal Officer
COLLEEN ARBIC
Phone
9066321930
Tax Period
2024-09-01 to 2025-08-31

SOO THEATRE PROJECT INC, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $664K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $206K, a strong 31% operating margin.

Mission

OUR MISSION IS TO FOSTER THE ENJOYMENT, UNDERSTANDING, AND DEVELOPMENT OF THE ARTS IN THE EASTERN UPPER PENINSULA THROUGH DIVERSE AND ENGAGING EXPERIENCES. OUR VISION IS TO BE THE PREMIER HOME FOR DIVERSE ARTS PROGRAMMING AND EDUCATION, COLLABORATING WITH ARTISTS, ORGANIZATIONS, SCHOOLS, AND THE COMMUNITY TO ENCOURAGE THE CREATION, APPRECIATION, PERFORMANCE, AND UNDERSTANDING OF THE ARTS. WE SEEK TO NURTURE A VIBRANT ARTS COMMUNITY, FOSTER ARTISTIC EXCELLENCE, AND BRING PEOPLE TOGETHER FOR POWERFUL SHARED EXPERIENCES THAT INSPIRE AND CREATE AN EXCHANGE OF IDEAS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $374,752
Program Service Revenue $276,416
Investment Income $1,403
Other Revenue $11,335
TOTAL REVENUE $663,906

Expense Breakdown

Grants Paid $1,300
Salaries & Benefits $220,635
Fundraising Expenses $8,937
Program Expenses $356,647
Other Expenses $235,876
TOTAL EXPENSES $457,811

Year-over-Year Comparison

2024 2023 Change
Revenue $663,906 $563,683 +0.2%
Expenses $457,811 $438,409 +0.0%
Net Income $206,095 $125,274 +0.6%
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

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Governance

Voting Members
8
Independent Members
8
Employees
20
Volunteers
73

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
0
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROB ALLEN CO-SECRETARY 13.50
Director
$0 $0 $0
CAROL ANDARY TREASURER 1.50
Director
$0 $0 $0
COLLEEN ARBIC EXECUTIVE DI 32.00
Director
$0 $0 $0
DAWN BUMSTEAD VICE PRESIDE 1.50
Director
$0 $0 $0
MICHELE CALLAGHAN MEMBER 1.50
Director
$0 $0 $0
ELIZABETH CURTIS MEMBER 11.50
Director
$0 $0 $0
TOM EWING MEMBER 4.00
Director
$0 $0 $0
PATRICK GODIN CO-SECRETARY 1.50
Director
$0 $0 $0
NANCY KIRKPATRICK PRESIDENT 4.00
Director
$0 $0 $0
JESSICA KUENZER MEMBER 3.50
Director
$0 $0 $0
MARY MCKAY MEMBER 0.50
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 $663,906 $457,811 $1,323,376 $206,095
2024 $563,683 $438,409 $1,123,243 $125,274
2023 $441,853 $352,626 $944,656 $89,227
2022 $412,924 $280,294 $853,162 $132,630
2021 $441,567 $256,422 $723,836 $185,145
2020 $290,633 $227,809 $524,041 $62,824
2019 $284,471 $268,482 $465,068 $15,989
2018 $356,294 $291,078 $444,190 $65,216
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