The Vera Project

EIN: 311816016 501(c)(3) Arts, Culture & Humanities

Seattle, WA

Total Revenue
$1,384,996
Total Expenses
$1,546,161
Total Assets
$689,621
Net Assets
$685,443
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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
2002
Legal Domicile
WA
Principal Officer
RICKY GRABOSKI
Phone
2069568372
Tax Period
2023-01-01 to 2023-12-31

The Vera Project, founded in 2002, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.5M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE VERA PROJECT IS A MUSIC AND ARTS NONPROFIT DEDICATED TO FOSTERING A PARTICIPATORY CREATIVE CULTURE THROUGH POPULAR MUSIC CONCERTS, ARTS PROGRAMS, EXPERIENTIAL LEARNING, AND VOLUNTEER LEADERSHIP OPPORTUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $649,685
Program Service Revenue $669,589
Investment Income $0
Other Revenue $65,722
TOTAL REVENUE $1,384,996

Expense Breakdown

Grants Paid $0
Salaries & Benefits $588,979
Fundraising Expenses $86,978
Program Expenses $1,027,031
Other Expenses $957,182
TOTAL EXPENSES $1,546,161

Year-over-Year Comparison

2023 2022 Change
Revenue $1,384,996 $1,241,947 +0.1%
Expenses $1,546,161 $1,250,599 +0.2%
Net Income $-161,165 $-8,652 +17.6%
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
12
Independent Members
12
Employees
12
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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JONATHAN ZWICKEL CHAIR 005.00
Officer Director
$0 $0 $0
KIM WEST VICE-CHAIR 005.00
Officer Director
$0 $0 $0
BETSY TROUTMAN TREASURER 005.00
Officer Director
$0 $0 $0
SCOTT ROSEN SECRETARY 005.00
Officer Director
$0 $0 $0
ABE CLAIBORNE BOARD MEMBER 005.00
Director
$0 $0 $0
DANA BOS BOARD MEMBER 005.00
Director
$0 $0 $0
AARON CARR BOARD MEMBER 005.00
Director
$0 $0 $0
MARY ROBINS BOARD MEMBER 005.00
Director
$0 $0 $0
ANDREW WALSH BOARD MEMBER 005.00
Director
$0 $0 $0
PHIL BOUIE BOARD MEMBER 005.00
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 No data No data No data No data
2023 $1,384,996 $1,546,161 $689,621 $-161,165
2022 $1,241,947 $1,250,599 $857,993 $-8,652
2021 $1,094,389 $920,854 $942,628 $173,535
2020 $721,757 $697,708 $769,242 $24,049
2019 $909,951 $955,971 $687,177 $-46,020
2018 $809,929 $805,801 $728,918 $4,128
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