Olympia Lamplighters

EIN: 853857419 501(c)(3) Arts, Culture & Humanities

Olympia, WA

Total Revenue
$181,905
Total Expenses
$164,841
Total Assets
$31,823
Net Assets
$5,228
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
WA
Tax Period
2022-01-01 to 2022-12-31

Olympia Lamplighters, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $182K in total revenue in fiscal year 2022. Revenue surged 88% from the prior year, signaling strong growth momentum. Expenses of $165K left a modest 9% surplus.

Mission

To provide creators and artists of all ages and disciplines a space to engage, inspire, and grow together as artists and creators in an all-inclusive community.

Program Service Accomplishments

Program 1
Expenses: $4,262 Revenue: $7,581

Artists have the opportunity to display and sell their art at our onsite gallery. We represented 37 artists who have collectivly sold 453 pieces. Artists have access to creating their art at the...

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Artists have the opportunity to display and sell their art at our onsite gallery. We represented 37 artists who have collectivly sold 453 pieces. Artists have access to creating their art at the space and in doing so, build community with each other.

Program 2
Expenses: $1,821 Revenue: $11,000

We held figure drawing classes twice weekly. One for adults, and one that is youth friendly. Figure drawing classes were attended by 520 students. Our 8 week long fundamentals of drawing class served...

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We held figure drawing classes twice weekly. One for adults, and one that is youth friendly. Figure drawing classes were attended by 520 students. Our 8 week long fundamentals of drawing class served 24 community participants. Watercolor classes were attended 192 times and was open to the general public.

Program 3
Revenue: $4,038

Sale of Space - We hosted 52 free nights for the community to utilize the space and engage and inspire each other. Individual desks were used as both office and artist creative spaces. Refreshments...

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Sale of Space - We hosted 52 free nights for the community to utilize the space and engage and inspire each other. Individual desks were used as both office and artist creative spaces. Refreshments and a resource library are available for use by the participants while they work/play. We sponsored several nonprofit organizations who hosted 3 events at the space and meet regularly for their meetings. Four different bands utilized the back stage room for practice throughout the year. Thirteen paid music events were held at the space attended by 20 per event. Three Makers Markets Events happened in the space, and we facilitated two other downtown Makers Markets Events which created opportunities for our network of artists. Thirteen other various events were hosted by us and organized by others to include karaoke, book readings, workshops, and the community annual luminary parade event

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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 (2022)

Revenue Breakdown

Contributions & Grants $159,631
Program Service Revenue $22,269
Investment Income $5
Other Revenue $0
TOTAL REVENUE $181,905

Expense Breakdown

Grants Paid $0
Salaries & Benefits $90,969
Fundraising Expenses $0
Program Expenses $6,083
Other Expenses $73,872
TOTAL EXPENSES $164,841

Year-over-Year Comparison

2022 2021 Change
Revenue $181,905 $96,951 +0.9%
Expenses $164,841 $89,334 +0.8%
Net Income $17,064 $7,617 +1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
6
Volunteers
35

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
6
$0
Total Directors
0
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jonah Barnett Director 0.00
Officer
$0 $0 $0
Shannon Sawyer Director 0.00
Officer
$0 $0 $0
Leo King Director 0.00
Officer
$0 $0 $0
Hap Clemens Director 0.00
Officer
$0 $0 $0
Ileana Sheremet Vice Chair 0.00
Officer
$0 $0 $0
Corey Strid Secretary 0.00
Officer
$0 $0 $0
Avalon Kragness Chair 25.00
Key Emp
$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 $181,905 $164,841 $31,823 $17,064
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