PHOTO CENTER NW

EIN: 911561025 501(c)(3) Arts, Culture & Humanities

SEATTLE, WA

Total Revenue
$1,496,715
Total Expenses
$1,312,494
Total Assets
$2,406,624
Net Assets
$2,100,130
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
WA
Principal Officer
TERRY NOVAK
Phone
2067207222
Tax Period
2024-07-01 to 2025-06-30

PHOTO CENTER NW, founded in 1992, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $1.3M left a modest 12% surplus.

Mission

PCNW IS A PLACE FOR EVERYONE TO EXPLORE THE PHOTOGRAPHIC ARTS. WE PROMOTE LIFELONG LEARNING AND CREATIVITY THROUGH RESOURCES AND PROGRAMS THAT INSPIRE AND EMPOWER.

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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 (2024)

Revenue Breakdown

Contributions & Grants $690,848
Program Service Revenue $647,430
Investment Income $22,912
Other Revenue $135,525
TOTAL REVENUE $1,496,715

Expense Breakdown

Grants Paid $0
Salaries & Benefits $912,254
Fundraising Expenses $189,812
Program Expenses $718,957
Other Expenses $400,240
TOTAL EXPENSES $1,312,494

Year-over-Year Comparison

2024 2023 Change
Revenue $1,496,715 $1,578,204 -0.1%
Expenses $1,312,494 $1,151,651 +0.1%
Net Income $184,221 $426,553 -0.6%
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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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
40
Volunteers
86

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
$97,713
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRY NOVAK EXECUTIVE DI 40.00
Officer
$90,762 $6,951 $97,713
ERIKA NESHOLM BOARD CHAIR 5.00
Officer Director
$0 $0 $0
LEILA KIRSKE TREASURER 2.00
Officer Director
$0 $0 $0
ANNA REAM SECRETARY 3.00
Officer Director
$0 $0 $0
ALI BASYE BOARD MEMBER 5.00
Director
$0 $0 $0
ALESSANDRA BRESCIA BOARD MEMBER 1.00
Director
$0 $0 $0
MARCELO GARCES BOARD MEMBER 1.00
Director
$0 $0 $0
MARCIA GLOVER BOARD MEMBER 1.00
Director
$0 $0 $0
REBECCA KAPLAN BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHANIE MENNELLA BOARD MEMBER 2.00
Director
$0 $0 $0
JOSH TRUJILLO BOARD MEMBER 1.00
Director
$0 $0 $0
HAYLEY YOUNG BOARD MEMBER 5.00
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
2025 $1,496,715 $1,312,494 $2,406,624 $184,221
2024 No data No data No data No data
2023 $1,489,301 $1,071,937 $1,921,993 $417,364
2022 $1,342,272 $1,036,746 $1,541,778 $305,526
2021 $826,790 $882,524 $1,309,448 $-55,734
2020 $857,997 $853,369 $1,368,347 $4,628
2019 $879,086 $941,882 $1,330,155 $-62,796
2018 $947,453 $927,039 $1,431,937 $20,414
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