MUSICIANS' CLUB OF SEATTLE INC

EIN: 910701664 Employment

SEATTLE, WA

Total Revenue
$667,415
Total Expenses
$90,750
Total Assets
$11,171,035
Net Assets
$11,169,740
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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
1900
Legal Domicile
WA
Principal Officer
WARREN JOHNSON
Phone
2064417600
Tax Period
2024-01-01 to 2024-12-31

MUSICIANS' CLUB OF SEATTLE INC, founded in 1900, is a small nonprofit in the Employment sector that reported $667K in total revenue in fiscal year 2024. Revenue surged 134% from the prior year, signaling strong growth momentum. The organization ran a surplus of $577K, a strong 86% operating margin.

Mission

THE CLUB WAS FORMED TO PURCHASE, IMPROVE, HOLD AND CONVEY REAL PROPERTY TO ACCUMULATE FUNDS NEEDED TO FOSTER THE FRATERNAL TIES OF THE LOCAL MUSICIANS AND TO PROVIDE AID TO MEMBERS IN NEED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $669,739
Other Revenue $-2,324
TOTAL REVENUE $667,415

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,200
Fundraising Expenses $0
Other Expenses $86,550
TOTAL EXPENSES $90,750

Year-over-Year Comparison

2024 2023 Change
Revenue $667,415 $285,654 +1.3%
Expenses $90,750 $79,284 +0.1%
Net Income $576,665 $206,370 +1.8%
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

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Governance

Voting Members
13
Independent Members
N/A
Employees
N/A
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
3
$185,760
Total Directors
13
$203,653
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WARREN JOHNSON SEC/TREASURE 10.00
Officer Director
$4,200 $24,248 $113,161
NATE OMDAL PRESIDENT 10.00
Officer Director
$0 $13,133 $70,919
OLIVIA HAMILTON FMR. EXECUTI 1.00
$0 $0 $20,242
VALERIE TUNG EXECUTIVE BO 1.00
Director
$0 $0 $3,493
MARY ANN LEE EXECUTIVE BO 1.00
Director
$0 $0 $2,960
ALLAN HIRSCH EXECUTIVE BO 1.00
Director
$0 $0 $1,840
MARC SMASON EXECUTIVE BO 1.00
Director
$0 $0 $1,760
JAY EASTON VICE PRESIDE 1.00
Officer Director
$0 $0 $1,680
KORYN ORCUTT EXECUTIVE BO 1.00
Director
$0 $0 $1,680
STACEY ELIASON EXECUTIVE BO 1.00
Director
$0 $0 $1,600
CHRISTOPHER JONES EXECUTIVE BO 1.00
Director
$0 $0 $1,600
DEREK SMITH EXECUTIVE BO 1.00
Director
$0 $0 $1,440
BEVERLY SETZER EXECUTIVE BO 1.00
Director
$0 $0 $1,200
ALMA DAVID TAYLOR EXECUTIVE BO 1.00
Director
$0 $0 $320
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
2025 No data No data No data No data
2024 $667,415 $90,750 $11,171,035 $576,665
2023 $285,654 $79,284 $10,668,631 $206,370
2022 $511,227 $79,156 $9,922,997 $432,071
2021 $447,157 $89,282 $11,781,663 $357,875
2020 $204,373 $81,014 $10,990,161 $123,359
2019 $403,311 $81,511 $10,311,567 $321,800
2018 $331,184 $73,027 $8,983,014 $258,157
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