Theatre22

Nonprofit profile at a glance

EIN
464834690
IRS 990-EZ coverage
2019–2022
Forms available
Form 990-EZ 2022
Location
Shoreline, WA, USA
Phone
2063063201
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Theater

Official website

Reported finances

Revenue
$128,064
Expenses
$177,341
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • COREY MCDANIEL (PRESIDENT AND PRODUCING ARTISTIC DIRECTOR)
  • JULIE BECKMAN (VICE PRESIDENT/SECTY AND SHOW DIRECTOR)

People named in this filing

  • COREY MCDANIEL (PRESIDENT AND PRODUCING ARTISTIC DIRECTOR)
  • JULIE BECKMAN (VICE PRESIDENT/SECTY AND SHOW DIRECTOR)
  • KEELAN SHIRKEY (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Theatre22 is committed to producing exceptional live theatre that engages a diverse community of artists and audiences, inspires new ways of interpreting the world around us, and celebrates hope and healing.

What it reported doing in 2022

We strive to serve our culturally diverse area as a meeting ground for theenrichment and growth of our community through the expession of thought provoking and belief challenging works like byhalia, Mississippi and nonsese beauty

Operating model

Revenue model
Donor-supported. 67% of the money available for current operations came from contributions and gifts.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 100
  • Sustainability: 3
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.5%; rating input score 91
  • Program expense ratio: 65.4%; rating input score 65

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -38.5%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 27.6%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: 48.1% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 22.1% per year; rating input score 100; 83rd percentile among comparable filings
  • Asset growth: -13.3% per year; rating input score 0; 8th percentile among comparable filings

Details

  • Where the money goes: 90.5% of revenue deployed · 65.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $116K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 4 filing years from 2019 to 2022
  • Contacts: How to reach this organization
  • Money network: 3 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 — Sustainability: Operating margin scored 3/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.