Washington Shakespeare Company

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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

1990

Legal Domicile

Principal Officer

Marc Okrand

Phone

7034184808

Tax Period

2021-07-01 to 2022-06-30

Washington Shakespeare Company, founded in 1990, is a small nonprofit in the Arts, Culture & Humanities sector that reported $177K in total revenue in fiscal year 2021. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

Founded in 1990 as Washington Shakespeare Company, Avant Bard Theatre is a performing arts organization dedicated to producing classic works,both time tested and contemporary--emphasizing a provocative, bold approach in an intimate setting, and showcasing the best emerging talent in the region mentored by seasoned, professional theatre artists.

Program Service Accomplishments

Program 1

Expenses: $143,233 Revenue: $34,361

Avant Bard Theatre produced six plays plus multiple readings during the fiscal year. The theater season has not completely recovered from the Corona virus shut downs.

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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 (2021)

Revenue Breakdown

Contributions & Grants $142,169

Program Service Revenue $34,361

Investment Income $0

Other Revenue $0

TOTAL REVENUE $176,530

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,508

Fundraising Expenses $16,822

Program Expenses $143,233

Other Expenses $133,712

TOTAL EXPENSES $175,220

Year-over-Year Comparison

	2021	2020	Change
Revenue	$176,530	$151,816	+0.2%
Expenses	$175,220	$87,328	+1.0%
Net Income	$1,310	$64,488	-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

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
Marc Okrand	President and Secretary	15.00	Officer Director	$0	$0	$0
Richard Cooper	Director	1.00	Director	$0	$0	$0
Bill Perkins	Director	1.00	Director	$0	$0	$0
Wendell Ocasio	Vice President and Treasurer	1.00	Officer Director	$0	$0	$0
Sara Cormeny	Director	1.00	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
2022	$176,530	$175,220	$71,498	$1,310
2021	$151,816	$87,328	$71,470	$64,488
2020	$211,870	$212,765	$25,455	$-895
2019	$247,341	$258,451	$36,157	$-11,110
2018	$300,111	$297,963	$7,830	$2,148