ANACORTES COMMUNITY THEATRE INC (EIN 916067544) - Form 990 Financial Analysis & Trantor Score

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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

1966

Legal Domicile

Principal Officer

RON WOHL

Phone

3602934373

Tax Period

2024-01-01 to 2024-12-31

ANACORTES COMMUNITY THEATRE INC, founded in 1966, is a small nonprofit in the Arts, Culture & Humanities sector that reported $345K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $87K, a strong 25% operating margin.

Mission

CELEBRATING LIVE THEATRE AND ENGAGING THE HUMAN NEED FOR EXPRESSION AND GROWTH BY ENTERTAINING AND EDUCATING ALL AGES AND ABILITIES OF OUR DIVERSE COMMUNITY THROUGH SHARED PASSION FOR THE ARTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $105,265

Program Service Revenue $207,920

Investment Income $1,421

Other Revenue $29,964

TOTAL REVENUE $344,570

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,114

Fundraising Expenses $975

Program Expenses $194,464

Other Expenses $175,009

TOTAL EXPENSES $257,123

Year-over-Year Comparison

	2024	2023	Change
Revenue	$344,570	$268,106	+0.3%
Expenses	$257,123	$303,494	-0.2%
Net Income	$87,447	$-35,388	-3.5%

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

Volunteers

210

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON WOHL	PRESIDENT	4.00	Officer	$0	$0	$0
TRACY JONASEN	VICE PRESIDE	10.00	Director	$0	$0	$0
PHIL PRUDHOMME	SECRETARY/TR	4.00	Officer Director	$0	$0	$0
KATHLEEN BRUEGER	DIRECTOR	4.00	Officer Director	$0	$0	$0
CARLA HURST	DIRECTOR	4.00	Officer Director	$0	$0	$0
EARL LUNDQUIST	DIRECTOR	4.00	Officer Director	$0	$0	$0
BILLY HENDRIX	DIRECTOR	4.00	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
2024	$344,570	$257,123	$274,647	$87,447
2023	$268,106	$303,494	$170,325	$-35,388
2022	$187,494	$241,513	$205,192	$-54,019
2021	$173,462	$161,826	$271,370	$11,636
2020	$121,827	$131,931	$249,472	$-10,104
2019	$313,198	$307,932	$250,317	$5,266
2018	$300,494	$343,736	$240,188	$-43,242

ANACORTES COMMUNITY THEATRE INC