Sequim Community Broadcasting

Sequim Community Broadcasting operates with consistent revenue, no officer compensation, but has faced recent operating deficits.

EIN: 202816387 · Sequim, WA · NTEE: A34 · Updated: 2026-03-28

$229KRevenue

$485KAssets

85/100Mission Score (Excellent)

A34

About Sequim Community Broadcasting

Sequim Community Broadcasting (EIN: 202816387) is a nonprofit organization based in Sequim, WA, classified under NTEE code A34. The organization reported total revenue of $229K and total assets of $485K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sequim Community Broadcasting's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Sequim Community Broadcasting demonstrates consistent financial activity, with revenues and expenses generally in the range of $150,000 to $230,000 over the past decade. The organization has maintained a stable asset base, currently at $484,994, which has fluctuated but remained robust. A notable trend is the recent operating deficits, with expenses exceeding revenue in the last four reported periods (e.g., 202312: Revenue $207,253 vs. Expenses $227,248), indicating a reliance on reserves or other funding sources to cover operational costs. However, the organization's liabilities have shown some volatility, peaking at $208,732 in 202312, which is a significant increase from previous years and warrants monitoring.

The organization's spending efficiency appears to be focused on its mission, given the NTEE code A34 (Radio, Television, and Film) and the absence of officer compensation, suggesting a volunteer-driven or very lean executive structure. This lack of reported officer compensation is a strong indicator of efficient use of funds for program delivery rather than administrative overhead. While specific program spending percentages aren't detailed, the overall financial structure points to a community-focused operation.

Transparency is high regarding executive compensation, as zero officer compensation has been reported across all available filings. This commitment to not compensating officers is a significant positive for transparency and donor confidence. The consistent filing of IRS Form 990s over 13 periods also demonstrates a commitment to regulatory compliance and public disclosure.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Sequim Community Broadcasting with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Sequim Community Broadcasting allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly unusual for an organization with nearly $230,000 in annual revenue and suggests a volunteer-led executive team.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Sequim Community Broadcasting's IRS 990 filings:

Consistent operating deficits in the last four reporting periods (e.g., 202312: Expenses $227,248 vs. Revenue $207,253).
Significant increase in liabilities, reaching $208,732 in 202312 from much lower levels in prior years.

Strengths

The following positive indicators were identified for Sequim Community Broadcasting:

Zero reported officer compensation across all filings, indicating highly efficient use of funds for mission.
Consistent financial reporting with 13 IRS 990 filings, demonstrating transparency and compliance.
Stable asset base, consistently around $400,000-$500,000 over the past decade.
Strong program focus implied by NTEE code A34 and lack of executive compensation.

Frequently Asked Questions about Sequim Community Broadcasting

Is Sequim Community Broadcasting a good charity?

Based on the available data, Sequim Community Broadcasting appears to be a good charity, particularly due to its strong program focus, as evidenced by zero officer compensation, and consistent financial reporting. However, recent operating deficits should be monitored.

Why are expenses exceeding revenue in recent years?

In the last four reported periods (2020-2023), expenses have consistently exceeded revenue (e.g., 202312: Revenue $207,253, Expenses $227,248). This indicates the organization is either drawing down reserves or relying on other non-revenue income to cover its operational costs.

What is the significance of 0% officer compensation?

The 0% officer compensation across all filings is highly significant. It suggests that the organization's leadership is entirely volunteer-based, which can lead to very low administrative costs and a higher proportion of funds directly supporting program activities.

How stable are the organization's assets?

The organization's assets have been relatively stable, fluctuating around the $400,000 to $500,000 mark over the past decade, currently at $484,994. This indicates a solid financial foundation despite recent operating deficits.

Has the organization's debt increased recently?

Yes, the organization's liabilities have shown an increase, peaking at $208,732 in 202312, which is a substantial rise from previous years (e.g., $47,010 in 201912). This trend warrants further investigation.

Filing History

IRS 990 filing history for Sequim Community Broadcasting showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Sequim Community Broadcasting's revenue has grown by 195.7%, moving from $70K to $207K. Total assets increased by 370.5% over the same period, from $104K to $490K. Total functional expenses rose by 166.6%, from $85K to $227K. In its most recent filing year (2023), Sequim Community Broadcasting reported a deficit of $20K, with expenses exceeding revenue. The organization holds $209K in liabilities against $490K in assets (debt-to-asset ratio: 42.6%), resulting in net assets of $281K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$207K	$227K	$490K	$209K	—	—
2022	$196K	$218K	$504K	$208K	—	—
2021	$202K	$220K	$428K	$102K	—	View 990
2020	$147K	$197K	$462K	$113K	—	View 990
2019	$191K	$174K	$446K	$47K	—	View 990
2018	$155K	$142K	$462K	$74K	—	View 990
2017	$185K	$136K	$440K	$65K	—	—
2016	$119K	$119K	$415K	$86K	—	View 990
2015	$141K	$127K	$437K	$106K	—	View 990
2014	$149K	$142K	$444K	$128K	—	View 990
2013	$281K	$103K	$463K	$153K	—	View 990
2012	$119K	$113K	$110K	$160K	—	View 990
2011	$70K	$85K	$104K	$160K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $207K, expenses of $227K, and assets of $490K (revenue +5.6% year-over-year).
2022: Revenue of $196K, expenses of $218K, and assets of $504K (revenue -2.6% year-over-year).
2021: Revenue of $202K, expenses of $220K, and assets of $428K (revenue +37.3% year-over-year).
2020: Revenue of $147K, expenses of $197K, and assets of $462K (revenue -22.9% year-over-year).
2019: Revenue of $191K, expenses of $174K, and assets of $446K (revenue +22.8% year-over-year).
2018: Revenue of $155K, expenses of $142K, and assets of $462K (revenue -16.3% year-over-year).
2017: Revenue of $185K, expenses of $136K, and assets of $440K (revenue +56.4% year-over-year).
2016: Revenue of $119K, expenses of $119K, and assets of $415K (revenue -15.7% year-over-year).
2015: Revenue of $141K, expenses of $127K, and assets of $437K (revenue -5.4% year-over-year).
2014: Revenue of $149K, expenses of $142K, and assets of $444K (revenue -47.1% year-over-year).
2013: Revenue of $281K, expenses of $103K, and assets of $463K (revenue +136.0% year-over-year).
2012: Revenue of $119K, expenses of $113K, and assets of $110K (revenue +70.1% year-over-year).
2011: Revenue of $70K, expenses of $85K, and assets of $104K.

Data Sources and Methodology

This transparency report for Sequim Community Broadcasting is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.