SEATTLE, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE RESIDENCY, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $531K in total revenue in fiscal year 2024. Revenue fell 53% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $208K, a strong 39% operating margin.
THE RESIDENCY SEEKS TO BUILD A POWERFUL COMMUNITY OF YOUNG HIP-HOP ARTISTS EQUIPPED WITH THE ARTISTIC AND LEADERSHIP SKILLS, BUSINESS ACUMEN, AND MENTORSHIP NECESSARY TO BECOME PROFESSIONAL ARTISTS AND CULTURAL CHANGE MAKERS. THROUGH THEIR PARTICIPATION IN THE RESIDENCY, YOUNG ARTISTS FROM LOW-INCOME FAMILIES IN THE SEATTLE AREA ACQUIRE TANGIBLE ARTISTIC AND PROFESSIONAL SKILLS WHILE ALSO GAINING CONFIDENCE, TEAMWORK, AND A DEEPENED UNDERSTANDING OF THEIR OWN IDENTITY AND POWER.THE YEAR-ROUND PROGRAM INCLUDES A MONTH LONG INTENSIVE WORKSHOP WHERE UP TO 45 YOUNG PEOPLE PARTICIPATE IN EITHER A VOCAL OR PRODUCTION TRACK. DURING THE INTENSIVE, YOUTH WRITE ORIGINAL SONGS, RECORD IN A PROFESSIONAL STUDIO AND PERFORM IN FRONT OF HUNDREDS OF PEOPLE AT A PREMIERE SEATTLE VENUE. IN ADDITION TO MAKING, RECORDING AND PERFORMING THEIR MUSIC, THE YOUTH PARTICIPATE IN A NUMBER OF ENGAGING PANEL DISCUSSIONS WITH LEADERS IN THE NORTHWEST CREATIVE COMMUNITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $531,389 | $1,137,830 | -0.5% |
| Expenses | $323,622 | $556,877 | -0.4% |
| Net Income | $207,767 | $580,953 | -0.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JONATHAN CUNNINGHAM | PRESIDENT, TREASURER, DIRE | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| BEN SECORD | SECRETARY, DIRECTOR | 40.00 |
Officer
Director
|
$0 | $0 | $0 |
| BEN HAGGERTY | VICE PRESIDENT, DIRECTOR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2024 | $531,389 | $323,622 | $1,138,513 | $207,767 |
| 2023 | $686,378 | $649,041 | $357,381 | $37,337 |
| 2022 | $584,028 | $447,175 | $323,777 | $136,853 |
| 2021 | $253,681 | $276,961 | $162,379 | $-23,280 |
| 2020 | $273,922 | $89,162 | $197,734 | $184,760 |
Compare THE RESIDENCY with other nonprofits in Washington and across the country.