SEQUIM, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
LIVE THEATRE: OTA'S PRIMARY SERVICE IS TO ENGAGE ITS COMMUNITY THROUGH THE PERFORMING ARTS. MAIN STAGE PRODUCTIONS, WHICH ARE MOUNTED YEAR-ROUND, BRING IN HUNDREDS OF VOLUNTEER ACTORS, SINGERS...
LIVE THEATRE: OTA'S PRIMARY SERVICE IS TO ENGAGE ITS COMMUNITY THROUGH THE PERFORMING ARTS. MAIN STAGE PRODUCTIONS, WHICH ARE MOUNTED YEAR-ROUND, BRING IN HUNDREDS OF VOLUNTEER ACTORS, SINGERS, MUSICIANS, DIRECTORS, PRODUCTION AND STAGE MANAGERS, SET AND COSTUME DESIGNERS, PROPERTY MASTERS AND TECHNICIANS FOR LIGHTS, SOUND, AND PROJECTIONS AS WELL AS 'FRONT OF HOUSE' HOSPITALITY PERSONNEL. THESE COLLABORATIVE, IMMERSIVE EXPERIENCES ATTRACT THOUSANDS OF PATRONS, PROVIDING ENTERTAINMENT OPPORTUNITIES NOT AVAILABLE ANYWHERE ELSE IN OUR CITY WHILE OFFERING OPPORTUNITIES FOR GROWTH IN THE ARTS. ENCOURAGING DIVERSITY AND INCLUSION, PERSPECTIVES ARE PRESENTED TO ENHANCE STORIES. ALL POSITIONS ARE OPEN TO COMMUNITY VOLUNTEERS TO FILL. OTA'S ON THE JOB TRAINING AND EDUCATION DEVELOPS PRACTICAL SKILLS AND DEEPENS OUR POOL OF COMMUNITY RESOURCES IN THE ARTS.
SPECIAL EVENTS: ORIGINAL WORKS DEVELOPED BY LOCAL ARTISTS GROUPS ARE PRODUCED IN COOPERATION WITH OTA TO PROVIDE A VENUE AND A VOICE FOR OUR CREATIVE COMMUNITY. OTA PRESENTS A UNIQUE VENUE IN THIS...
SPECIAL EVENTS: ORIGINAL WORKS DEVELOPED BY LOCAL ARTISTS GROUPS ARE PRODUCED IN COOPERATION WITH OTA TO PROVIDE A VENUE AND A VOICE FOR OUR CREATIVE COMMUNITY. OTA PRESENTS A UNIQUE VENUE IN THIS RURAL COMMUNITY, COMBINING ITS 160+ SEAT MAIN STAGE THEATRE WITH A GATHERING HALL RECEPTION AREA THAT CAN PROVIDE VERSATILE SPACE FOR LARGE MEETINGS, RECEPTIONS, OR CAFE-STYLE ENTERTAINMENT. OUR VERSATILE PERFORMANCE SPACES ARE USED FOR MUSIC CONCERTS, COMEDY AND IMPROV SHOWS, DANCE PRODUCTIONS, AND FUNDRAISERS AND SEMINARS FOR OTHER NONPROFIT GROUPS. CENTRALLY LOCATED IN DOWNTOWN SEQUIM, OUR BUILDING IS A COMMUNITY CENTER WITH AMPLE ON-SITE PARKING THAT SERVES AS A "HUB" FOR FESTIVALS AND EVENTS THROUGHOUT THE LARGER COMMUNITY.
EDUCATION: OTA CREATES GROWTH OPPORTUNITIES FOR YOUTH BY MAKING CHILDREN THE PRIMARY EMPHASIS FOR EDUCATIONAL WORKSHOPS, CAMPS, AND CLASSES. PUBLIC FUNDING FOR ARTS EDUCATION AND DEVELOPMENT IS...
EDUCATION: OTA CREATES GROWTH OPPORTUNITIES FOR YOUTH BY MAKING CHILDREN THE PRIMARY EMPHASIS FOR EDUCATIONAL WORKSHOPS, CAMPS, AND CLASSES. PUBLIC FUNDING FOR ARTS EDUCATION AND DEVELOPMENT IS PRACTICALLY NON-EXISTENT IN OUR COMMUNITY'S PUBLIC SCHOOLS, AND OTA EMBRACES THE CHALLENGE TO FILL THAT GAP IN PERFORMING ARTS EDUCATION. WE PRESENT INTENSIVE PROGRAMS FOCUSED ON YOUTH THROUGHOUT THE YEAR. SPECIAL EMPHASIS IS MADE TO INVOLVE CHILDREN OF ALL SKILLS, INTERESTS, AND ABILITIES TO CONTRIBUTE TOWARDS THE LIVE PERFORMANCES THAT ARE THE CULMINATION OF EACH WORKSHOP, OFTEN INVOLVING 30-60 CHILDREN PER PRODUCTION AGED 5 TO 18. OTA CONTINUALLY STRIVES TO FIND SPONSORS AND PARTNERS TO KEEP COSTS LOW AND OFFER SCHOLARSHIPS SO ANY CHILD CAN PARTICIPATE. AS A MATTER OF FACT, ALL VOLUNTEER OPPORTUNITIES AT OTA, WHICH ARE OPEN TO ANY AGE RANGE, HAVE EXPANSIVE EDUCATIONAL COMPONENTS. WE ALSO SPONSOR OR HOST CLASSES IN VARIOUS ASPECTS OF THEATRE ARTS AND OTHER FINE ARTS DISCIPLINES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare OLYMPIC THEATRE ARTS with other nonprofits in Washington and across the country.