OLD CHURCH SOCIETY INC

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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

1968

Legal Domicile

Principal Officer

RANDALL STEED

Phone

5032222031

Tax Period

2023-01-01 to 2023-12-31

OLD CHURCH SOCIETY INC, founded in 1968, is a small nonprofit that reported $692K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $854K exceeded revenue, resulting in a 24% operating deficit.

Mission

TO PRODUCE, PRESENT AND SUPPORT PROGRAMS THAT REFLECT AND ENHANCE THE CULTURAL LIFE OF THE COMMUNITY, AND TO PRESERVE AND CELEBRATE THE BUILDING'S HISTORIC ARCHITECTURE.

Program Service Accomplishments

Program 1

Expenses: $615,941 Revenue: $253,633

THE OLD CHURCH (TOC), IS A NON-RELIGIOUS ORGANIZATION WITH A DUAL MISSION: TO PRESERVE AND CELEBRATE THIS HISTORICAL AND VITAL ARCHITECTURAL CARPENTER GOTHIC STRUCTURE WHICH WAS BUILT IN 1882; AND...

THE OLD CHURCH (TOC), IS A NON-RELIGIOUS ORGANIZATION WITH A DUAL MISSION: TO PRESERVE AND CELEBRATE THIS HISTORICAL AND VITAL ARCHITECTURAL CARPENTER GOTHIC STRUCTURE WHICH WAS BUILT IN 1882; AND MAKE THE MOST OF ITS UNIQUE ATTRIBUTES AS A PERFORMANCE SPACE BY CREATING AND FOSTERING PROGRAMS THAT ENHANCE THE ARTISTIC AND CULTURAL LIFE OF THE COMMUNITY. OUR TOC PRESENTS PROGRAM IS A MIX OF MUSICAL PERFORMANCES, INCLUDING RARE OPPORTUNITIES TO SEE GROUNDBREAKING NATIONAL AND INTERNATIONAL ARTISTS, IN AN INTIMATE SETTING. WE ALSO PRODUCE AND HOST FREE SUMMER CONCERTS , MONTHLY LUNCHTIME CONCERTS, AND COMMUNITY SOCIAL JUSTICE CONVERSATIONS THROUGH THE WE CAN LISTEN PROGRAM. THE FREE LUNCHTIME CONCERT SERIES PARTICULARLY BENEFIT LOW-INCOME MEMBERS OF THE COMMUNITY, SENIORS, PEOPLE WITH DISABILITIES AND OTHER VULNERABLE POPULATIONS. IN 2023 WE PRESENTED 78 OF OUR OWN MUSIC AND CULTURAL EVENTS OF WHICH 16 WERE FREE TO THE PUBLIC AND DISTRIBUTED DIGITALLY VIA LIVESTREAM AND CABLE BROADCAST TO OVER 200,000 HOUSEHOLDS IN THE PORTLAND METRO AREA. WE WERE ALSO ABLE TO HOST A BROAD VARIETY OF PERFORMANCE NONPROFITS, LOCAL ARTISTS, PROMOTERS AND COMMUNITY GROUPS FOR AN ADDITIONAL 105 EVENTS. OVER THE COURSE OF THE YEAR, 33,820 ADULTS AND 324 CHILDREN ENJOYED OUR PROGRAMS AND 702 WERE GIVEN THE OPPORTUNITY TO PERFORM ON OUR STAGE.

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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 $182,880

Program Service Revenue $253,633

Investment Income $1,178

Other Revenue $253,813

TOTAL REVENUE $691,504

Expense Breakdown

Grants Paid $0

Salaries & Benefits $355,532

Fundraising Expenses $71,554

Program Expenses $615,941

Other Expenses $498,942

TOTAL EXPENSES $854,474

Year-over-Year Comparison

	2023	2022	Change
Revenue	$691,504	$923,799	-0.3%
Expenses	$854,474	$1,088,225	-0.2%
Net Income	$-162,970	$-164,426	0.0%

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

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
NICOLE ANGLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY CULSHAW	TREASURER, B	2.00	Officer Director	$0	$0	$0
BRANDY HERERRA	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHARINE LAWRENCE	SECRETARY, B	2.00	Officer Director	$0	$0	$0
TROY RULMYR	BOARD MEMBER	1.00	Director	$0	$0	$0
COLIN SAVOY	BOARD MEMBER	2.00	Director	$0	$0	$0
SUSAN SCHWARTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDALL STEED	PRESIDENT, B	2.00	Officer Director	$0	$0	$0
GRANT THURSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIANNE JOHNSON WEISS	BOARD MEMBER	1.00	Director	$0	$0	$0
EBONY WHITE	BOARD MEMBER	1.00	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	No data	No data	No data	No data
2023	$691,504	$854,474	$2,030,153	$-162,970
2022	$923,799	$1,088,225	$2,172,952	$-164,426
2021	$879,805	$707,863	$2,400,692	$171,942
2020	$396,737	$469,291	$2,172,804	$-72,554
2019	$696,049	$765,818	$2,039,951	$-69,769