THE TAPROOT THEATRE (EIN 910971237) - Form 990 Financial Analysis & Trantor Score

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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

1978

Legal Domicile

Principal Officer

KAREN LUND

Phone

2067819705

Tax Period

2024-01-01 to 2024-12-31

THE TAPROOT THEATRE, founded in 1978, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.6M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum.

Mission

TAPROOT THEATRE COMPANY TELLS STORIES OF HOPE, SERVING THE PACIFIC NORTHWEST THROUGH LIVE THEATRE AND EDUCATIONAL PROGRAMS. TAPROOT THEATRE VALUES FAITH, RESPECTS PEOPLE, AND CELEBRATES THEATRE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,775,374

Program Service Revenue $1,762,739

Investment Income $6,847

Other Revenue $102,470

TOTAL REVENUE $3,647,430

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,621,027

Fundraising Expenses $271,685

Program Expenses $2,950,102

Other Expenses $1,245,078

TOTAL EXPENSES $3,881,662

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,647,430	$2,604,895	+0.4%
Expenses	$3,881,662	$4,000,874	0.0%
Net Income	$-234,232	$-1,395,979	-0.8%

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

Employees

215

Volunteers

150

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

$132,906

Total Directors

$123,955

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN LUND	PRODUCING ARTISTIC DIRECTOR	40.00	Officer Director	$114,218	$9,737	$123,955
JOE AZEGAMI-HYER	FINANCE MANAGER (FROM 9/2024)	15.00	Officer	$8,951	$0	$8,951
DAVID WOODWARD	CHAIR	2.00	Officer Director	$0	$0	$0
SHELBY PARSONS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MATTHEW GARCIA	TREASURER	2.00	Officer Director	$0	$0	$0
REBECCA BRITTLE	SECRETARY	2.00	Officer Director	$0	$0	$0
BRYAN POHL	DIRECTOR	1.00	Director	$0	$0	$0
DOUG FREYBERG	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL ICHINAGA	DIRECTOR	1.00	Director	$0	$0	$0
TOM RENGSTORF	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA WOODWARD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN STECKLER	DIRECTOR	1.00	Director	$0	$0	$0
DAN VOETMANN	DIRECTOR	1.00	Director	$0	$0	$0
GRACE YOO	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN VOETMANN	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL BARACH	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	$3,647,430	$3,881,662	$5,447,137	$-234,232
2023	$2,604,895	$4,000,874	$5,794,614	$-1,395,979
2022	$3,388,700	$3,601,484	$6,858,294	$-212,784
2021	$2,609,460	$1,763,697	$7,891,610	$845,763
2020	$1,900,522	$1,770,244	$6,304,135	$130,278
2020	$1,900,522	$1,770,244	$6,304,135	$130,278
2019	$2,727,403	$2,876,680	$6,311,406	$-149,277
2018	$2,599,961	$2,885,464	$6,628,704	$-285,503

THE TAPROOT THEATRE