Resonance Studio Theatre
Nonprofit profile at a glance
- EIN
- 921677955
- IRS 990 coverage
- 2025–2025
- Forms available
- Form 990 2025, Form 990-EZ 2024, Form 990-N 2023
- Location
- Redmond, WA, USA
- Phone
- 4255486607
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $219,804
- Expenses
- $140,764
- Assets
- $180,133
- Liabilities
- $2,685
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Vladimir Grebenik (President)
- Margarita Levin (Vice President)
Highest reported compensation
- Nailya Galiakbarova (Art Director): $54,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Mission: To teach the general public the nature of theater and theater arts and techniques. Activity: To run high-quality productions for our community and offer classes for children, teens, and adults where they learn to act and perform.
What it reported doing in 2025
6 Students groups, 7 different shows, 31 performances. Total tickets sold: ~1500+(20% free tickets)
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 92
- Accountability: 56
- Sustainability: 59
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 62.5%; rating input score 62
- Program expense ratio: 97.5%; rating input score 98
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 75%; rating input score 75; 22nd percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 36%; rating input score 84; 84th percentile among comparable filings
- Total-asset coverage ratio: 1.28; rating input score 47; 47th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 38.4%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 33.2% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: 57.8% per year; rating input score 100; 96th percentile among comparable filings
Details
- Where the money goes: 62.5% of revenue deployed · 97.5% of spending went to programs
- Governance: 3 of 4 board members independent · 2 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $137K in reported program spending
- Leadership: top reported pay $54K · 4 people listed
- Consistency: 41 of 41 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 4 of 6 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
- High — Sustainability: Officer compensation ratio scored 7/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 37/100.