OLYMPIC THEATRE ARTS

EIN: 911191224 501(c)(3) Arts, Culture & Humanities

SEQUIM, WA

Total Revenue
$428,268
Total Expenses
$336,598
Total Assets
$1,224,902
Net Assets
$1,017,894
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
WA
Principal Officer
STEVE RODEMAN
Phone
3606837326
Tax Period
2023-01-01 to 2023-12-31

OLYMPIC THEATRE ARTS, founded in 1987, is a small nonprofit in the Arts, Culture & Humanities sector that reported $428K in total revenue in fiscal year 2023. The organization ran a surplus of $92K, a strong 21% operating margin.

Mission

OTA'S MISSION IS "ENTERTAINING, EDUCATING, AND INSPIRING COMMUNITY INVOLVEMENT THROUGH EXPERIENCES IN THE ARTS." WE ENVISION OURSELVES AS THE HEART AND SOUL OF OUR COMMUNITY, ENRICHING LIVES AND FOSTERING COLLABORATION. WE VALUE OUR COMMUNITY ABOVE PROFIT; ARTISTIC EXCELLENCE; AN EMPOWERING ENVIRONMENT FOR PERSONAL GROWTH; A COMMITMENT TO VOLUNTEERS; AND FINANCIAL SUSTAINABILITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $201,145
Program Service Revenue $205,909
Investment Income $9,840
Other Revenue $11,374
TOTAL REVENUE $428,268

Expense Breakdown

Grants Paid $0
Salaries & Benefits $132,896
Fundraising Expenses $887
Program Expenses $277,114
Other Expenses $203,702
TOTAL EXPENSES $336,598

Year-over-Year Comparison

2023 2022 Change
Revenue $428,268 $409,665 +0.0%
Expenses $336,598 $310,580 +0.1%
Net Income $91,670 $99,085 -0.1%
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

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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
7
Independent Members
7
Employees
6
Volunteers
250

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
4
$43,196
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE CARPENTER TREASURER 2.00
Officer Director
$0 $0 $0
CATHY WAGNER SECRETARY 2.00
Officer Director
$0 $0 $0
STEVE RODEMAN CHAIRPERSON 2.00
Officer Director
$0 $0 $0
TIA STEPHENS BOARD MEMBER 2.00
Director
$0 $0 $0
LINDA ALDERS BOARD MEMBER 2.00
Director
$0 $0 $0
SARA NICHOLLS BOARD MEMBER 2.00
Director
$0 $0 $0
SANDY ALTMAN BOARD MEMBER 2.00
Director
$0 $0 $0
DAVID HERBELIN EXECUTIVE DIRECTOR 35.00
Officer
$43,196 $0 $43,196
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 $428,268 $336,598 $1,224,902 $91,670
2022 $409,665 $310,580 $1,127,975 $99,085
2021 $166,654 $90,491 $945,729 $76,163
2021 $193,889 $192,508 $874,905 $1,381
2020 $178,853 $244,218 $896,953 $-65,365
2019 $261,647 $251,002 $1,515,394 $10,645
2018 $289,828 $231,556 $1,512,148 $58,272
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