SOUND THEATRE 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

2011

Legal Domicile

Phone

2068803947

Tax Period

2023-01-01 to 2023-12-31

SOUND THEATRE COMPANY, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $473K in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $624K exceeded revenue, resulting in a 32% operating deficit.

Mission

Sound Theatre empowers artists to give voice to the dignity and diversity of the human experience - moving audiences toward a more just and compassionate world.

Program Service Accomplishments

Program 1

Expenses: $327,908

2023 Mainstage SeasonWe launched an ambitious 2023 season with three mainstage productions. This was a large undertaking to build up audiences after the COVID-19 shutdown, and fulfilled our goal of shifting towards new play development, world premieres and Seattle premiere. This included 11th and Pine, by Nikki Yeboah, a world premiere documentary theatre piece based on interviews from local citizens with different perspectives who participated in Seattles Capitol Hill Organized Protest (CHOP) in 2021. Our other world premiere mainstage production was a Deaf centered comedy thriller by Deaf Taiwanese-American playwright Aimee Chou titled Autocorrect Thinks Im Dead. This Mainstage season also included the Seattle premiere of the Pulitzer prize winning play Cost of Living, with authentic casting and representation

Program 2

Expenses: $102,344

Making Waves ProjectsLightening Fest, ASL Cabaret, Workshop for Autocorrect Thinks Im DeadWe continued to provide opportunities for emerging Deaf and disabled artists to create new work and explore new modes of performance and human expression. Our Making Waves experimental and new works program provide short projects which included a 10 minute play festival and week long workshop for emerging disabled playwrights, a Cabaret of Broadway hits performed in Artstic Sign Language with live singers and musicians, and a week-long workshop for the world premiere play Autocorrect Thinks Im Dead with the director, actors, dramaturg and consultants in attendance.

Program 3

Expenses: $48,984

Other Programs

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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 (2023)

Revenue Breakdown

Contributions & Grants $434,898

Program Service Revenue $44,374

Investment Income $0

Other Revenue $-6,062

TOTAL REVENUE $473,210

Expense Breakdown

Grants Paid $0

Salaries & Benefits $345,145

Fundraising Expenses $83,987

Program Expenses $479,236

Other Expenses $278,773

TOTAL EXPENSES $623,918

Year-over-Year Comparison

	2023	2022	Change
Revenue	$473,210	$321,897	+0.5%
Expenses	$623,918	$348,060	+0.8%
Net Income	$-150,708	$-26,163	+4.8%

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

N/A

Employees

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

$59,943

Total Directors

$1,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Teresa Thuman	Executive Dir.	1.00	Officer	$58,693	$0	$58,693
Andrea Kovich	President	2.00	Officer Director	$1,250	$0	$1,250
Mario Gomez	Vice President	1.00	Officer Director	$0	$0	$0
Ana Maria Campoy	Treasurer	1.00	Officer Director	$0	$0	$0
Sydney Maltese	Secretary	1.00	Officer Director	$0	$0	$0
David Tierney	Director	1.00	Director	$0	$0	$0
Helen Gebreamlak	Director	1.00	Director	$0	$0	$0
Aaron Pitre	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
2024	No data	No data	No data	No data
2023	$473,210	$623,918	$27,727	$-150,708
2022	$321,897	$348,060	$111,793	$-26,163
2021	$427,785	$414,094	$137,956	$13,691
2020	$335,665	$217,316	$145,095	$118,349