SEATTLE CHILDREN'S THEATRE FOUNDAT… - Form 990 Financial Data

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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

1991

Legal Domicile

Principal Officer

KEVIN MALGESINI

Phone

2064430807

Tax Period

2023-07-01 to 2024-06-30

SEATTLE CHILDREN'S THEATRE FOUNDATION, founded in 1991, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $106K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $363K exceeded revenue, resulting in a 242% operating deficit.

Mission

SUPPORT SEATTLE CHILDREN'S THEATRE ASSOCIATION PROGRAMMING.

Program Service Accomplishments

Program 1

Expenses: $178,111

SCT FOUNDATION'S INSTITUTIONAL EXCELLENCE PROGRAM ENDOWMENT PROVIDES UNRESTRICTED SUPPORT TO MAINTAIN AND INCREASE PRODUCTION VALUES FOR THE MAINSTAGE AND EXPAND OUTREACH IN EDUCATION.

Program 2

Expenses: $92,079

SCT FOUNDATION'S TICKET ACCESS ENDOWMENT MADE IT POSSIBLE FOR STUDENTS TO RECEIVE FREE OR REDUCED PRICE TICKETS TO SCT MAINSTAGE PERFORMANCES. ELIGIBILITY IS DETERMINED BY ELIGIBILITY FOR THE FREE...

SCT FOUNDATION'S TICKET ACCESS ENDOWMENT MADE IT POSSIBLE FOR STUDENTS TO RECEIVE FREE OR REDUCED PRICE TICKETS TO SCT MAINSTAGE PERFORMANCES. ELIGIBILITY IS DETERMINED BY ELIGIBILITY FOR THE FREE AND REDUCED LUNCH PROGRAMS.

Program 3

Expenses: $92,251

SCT FOUNDATION'S LINDA HARTZELL FUND FOR INCLUSION PROVIDES STRATEGICALLY TARGETED FINANCIAL SUPPORT TO ENABLE SCT TO REACH ALL CHILDREN IN OUR REGION, INCLUDING CHILDREN WHO ARE NOT CURRENTLY...

SCT FOUNDATION'S LINDA HARTZELL FUND FOR INCLUSION PROVIDES STRATEGICALLY TARGETED FINANCIAL SUPPORT TO ENABLE SCT TO REACH ALL CHILDREN IN OUR REGION, INCLUDING CHILDREN WHO ARE NOT CURRENTLY ENGAGING WITH SCT.

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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 $0

Program Service Revenue $0

Investment Income $106,224

Other Revenue $0

TOTAL REVENUE $106,224

Expense Breakdown

Grants Paid $362,441

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $362,441

Other Expenses $1,000

TOTAL EXPENSES $363,441

Year-over-Year Comparison

	2023	2022	Change
Revenue	$106,224	$89,970	+0.2%
Expenses	$363,441	$199,875	+0.8%
Net Income	$-257,217	$-109,905	+1.3%

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

N/A

Volunteers

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

$286,115

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIG SCHAAF	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK SHERMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANDREW PARCEL	TREASURER	1.00	Officer Director	$0	$0	$0
KERRY RICHARDS	SECRETARY	1.00	Officer Director	$0	$0	$0
BRYAN KELLEY	DIRECTOR	0.30	Director	$0	$0	$0
EVE ALVORD	DIRECTOR	0.30	Director	$0	$0	$0
FLORENCE O'QUINN	DIRECTOR	0.30	Director	$0	$0	$0
KARIN JONES	DIRECTOR	0.30	Director	$0	$0	$0
LAURA BUCKLAND	DIRECTOR	0.30	Director	$0	$0	$0
LAURIE OKI	DIRECTOR	0.30	Director	$0	$0	$0
LEE NORAH SANZO	DIRECTOR	0.30	Director	$0	$0	$0
SHELLY HEIER	DIRECTOR	0.30	Director	$0	$0	$0
MIMI GAN	DIRECTOR	0.30	Director	$0	$0	$0
ANH NGUYEN	DIRECTOR	0.30	Director	$0	$0	$0
KEVIN MALGESINI	MANAGING DIRECTOR	1.00	Officer	$0	$10,774	$168,035
TONY FROEHLICH	DIRECTOR OF FINANCE & OPERATIONS	2.00	Officer	$0	$9,538	$118,080

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	No data	No data	No data	No data
2024	$106,224	$363,441	$5,118,629	$-257,217
2023	$89,970	$199,875	$4,895,826	$-109,905
2022	$353,688	$52,504	$4,190,867	$301,184
2021	$87,884	$243,699	$4,485,050	$-155,815
2020	$194,133	$236,000	$3,757,733	$-41,867
2019	$580,665	$1,399,356	$3,856,091	$-818,691
2018	$176,029	$727,670	$4,929,906	$-551,641

SEATTLE CHILDREN'S THEATRE FOUNDATION