7TH STREET THEATRE ASSOCIATION

EIN: 911349026 501(c)(3) Arts, Culture & Humanities

HOQUIAM, WA

Total Revenue
$335,673
Total Expenses
$216,629
Total Assets
$1,899,922
Net Assets
$1,897,467
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
WA
Phone
3605377400
Tax Period
2023-01-01 to 2023-12-31

7TH STREET THEATRE ASSOCIATION, founded in 1986, is a small nonprofit in the Arts, Culture & Humanities sector that reported $336K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $119K, a strong 35% operating margin.

Mission

IT IS THE MISSION OF THE 7TH STREET THEATRE ASSOCIATION TO PRESERVE AND RESTORE OUR 1928 ATMOSPHERIC THEATRE; TO PRESENT CONCERTS, FILMS AND OTHER CULTURAL EVENTS; AND TO MAKE THE THEATRE AVAILABLE AS A PERFORMING ARTS CENTER FOR THE PEOPLE OF OUR COMMUNITY AND SURROUNDING AREAS.

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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 $241,235
Program Service Revenue $41,693
Investment Income $3,734
Other Revenue $49,011
TOTAL REVENUE $335,673

Expense Breakdown

Grants Paid $0
Salaries & Benefits $28,091
Fundraising Expenses $12
Program Expenses $174,233
Other Expenses $188,538
TOTAL EXPENSES $216,629

Year-over-Year Comparison

2023 2022 Change
Revenue $335,673 $297,918 +0.1%
Expenses $216,629 $186,199 +0.2%
Net Income $119,044 $111,719 +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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
3
Volunteers
30

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
6
$22,109
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMIE BRAND PRIOR MANAGER 20.00
Officer
$18,601 $0 $18,601
MEREDITH BULLARD MANAGER 20.00
Officer
$3,508 $0 $3,508
RAY KAHLER President 5.00
Officer Director
$0 $0 $0
DAVID AKERS Secretary 5.00
Officer Director
$0 $0 $0
PAUL MCMILLAN Director 2.00
Director
$0 $0 $0
MICKEY THURMAN Vice President 6.00
Officer Director
$0 $0 $0
SCOTT LINDER Director 2.00
Director
$0 $0 $0
KAT BRYANT Director 2.00
Director
$0 $0 $0
KYLIE SHEPARD Director 2.00
Director
$0 $0 $0
SANDIE MULLIKIN Treasurer 5.00
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 $335,673 $216,629 $1,899,922 $119,044
2022 $297,918 $186,199 $1,780,357 $111,719
2021 $294,955 $139,835 $1,668,884 $155,120
2020 $84,854 $146,826 $1,517,169 $-61,972
2019 $166,001 $172,844 $1,575,303 $-6,843
2018 $214,665 $166,030 $1,582,602 $48,635
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