LINCOLN THEATRE CENTER FOUNDATION

EIN: 943052481 501(c)(3)

MOUNT VERNON, WA

Total Revenue
$1,890,333
Total Expenses
$1,535,723
Total Assets
$1,279,188
Net Assets
$1,254,042
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
WA
Principal Officer
GREGORY NORTON
Phone
3604197129
Tax Period
2022-07-01 to 2023-06-30

LINCOLN THEATRE CENTER FOUNDATION, founded in 1988, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2022. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $355K, a strong 19% operating margin.

Mission

TO ENTERTAIN, INFORM AND INSPIRE OUR DIVERSE COMMUNITY THROUGH CINEMA, LIVE PERFORMANCES AND EDUCATIONAL PROGRAMS WHILE PRESERVING THE HISTORIC LINCOLN THEATRE.

Program Service Accomplishments

Program 1
Expenses: $1,380,979 Revenue: $1,123,057

TO PRESERVE THE HISTORIC LINCOLN THEATRE AS THE AREA'S MULTI-CULTURAL AND EDUCATIONAL ARTS CENTER.

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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 (2022)

Revenue Breakdown

Contributions & Grants $600,509
Program Service Revenue $1,123,056
Investment Income $449
Other Revenue $166,319
TOTAL REVENUE $1,890,333

Expense Breakdown

Grants Paid $0
Salaries & Benefits $470,574
Fundraising Expenses $66,382
Program Expenses $1,380,979
Other Expenses $1,065,149
TOTAL EXPENSES $1,535,723

Year-over-Year Comparison

2022 2021 Change
Revenue $1,890,333 $1,072,552 +0.8%
Expenses $1,535,723 $821,881 +0.9%
Net Income $354,610 $250,671 +0.4%
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

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Governance

Voting Members
8
Independent Members
8
Employees
13
Volunteers
176

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
$74,685
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGORY NORTON PRESIDENT 2.00
Officer Director
$0 $0 $0
DUANE PETZOLDT VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
RON GUTTU TREASURER 2.00
Officer Director
$0 $0 $0
SUSAN REDD BOARD MEMBER 2.00
Director
$0 $0 $0
CONRAD ASKLAND BOARD MEMBER 2.00
Director
$0 $0 $0
GERMAINE KORNEGAY BOARD MEMBER 2.00
Director
$0 $0 $0
DORIS BREVOORT BOARD MEMBER 2.00
Director
$0 $0 $0
JOE BOWEN BOARD MEMBER 2.00
Director
$0 $0 $0
ROGER GIETZEN EXECUTIVE DIRECTOR 40.00
Officer
$68,369 $6,316 $74,685
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 No data No data No data No data
2023 $1,890,333 $1,535,723 $1,279,188 $354,610
2022 $1,072,552 $821,881 $898,508 $250,671
2021 $578,895 $460,978 $782,205 $117,917
2020 $910,054 $999,411 $596,277 $-89,357
2019 $966,013 $997,468 $599,530 $-31,455
2018 $873,702 $753,909 $585,821 $119,793
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