The Olympia Film Society

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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

1980

Legal Domicile

Principal Officer

AUDREY M HENLEY

Phone

3607546670

Tax Period

2023-01-01 to 2023-12-31

The Olympia Film Society, founded in 1980, is a small nonprofit in the Arts, Culture & Humanities sector that reported $531K in total revenue in fiscal year 2023. Expenses of $618K exceeded revenue, resulting in a 16% operating deficit.

Mission

To present film, music and art that engages our community, encourages volunteerism and ensures the preservation of the Capitol Theater.

Program Service Accomplishments

Program 1

Expenses: $183,804 Revenue: $277,903

The Olympia Film Society (OFS) brings South Puget Sound community members together to see and discuss art-house films, experience live music, attend readings and participate in events produced by...

The Olympia Film Society (OFS) brings South Puget Sound community members together to see and discuss art-house films, experience live music, attend readings and participate in events produced by local community groups.

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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 $206,084

Program Service Revenue $277,903

Investment Income $245

Other Revenue $46,372

TOTAL REVENUE $530,604

Expense Breakdown

Grants Paid $0

Salaries & Benefits $287,706

Fundraising Expenses $59

Program Expenses $183,804

Other Expenses $329,810

TOTAL EXPENSES $617,516

Year-over-Year Comparison

	2023	2022	Change
Revenue	$530,604	$534,089	0.0%
Expenses	$617,516	$554,439	+0.1%
Net Income	$-86,912	$-20,350	+3.3%

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

Volunteers

200

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAMAIN MAGISTA	President	1.000	Officer Director	$0	$0	$0
JEFF DELUCA	Vice President	1.000	Officer Director	$0	$0	$0
TOM RIEGER	Member	1.000	Director	$0	$0	$0
JOEL GUNZ	Secretary	1.000	Officer 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	$530,604	$617,516	$852,214	$-86,912
2022	$534,089	$554,439	$827,140	$-20,350
2021	$611,206	$343,090	$999,640	$268,116
2020	$312,259	$275,357	$655,925	$36,902