SEATTLE LIGHTHOUSE FOR THE BLIND FOUNDATION

EIN: 161648213 501(c)(3) Human Services

SEATTLE, WA

Total Revenue
$1,631,557
Total Expenses
$1,453,240
Total Assets
$5,974,407
Net Assets
$5,883,467
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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
2003
Legal Domicile
WA
Principal Officer
GEORGE ABBOTT
Phone
2063224200
Tax Period
2023-10-01 to 2024-09-30

SEATTLE LIGHTHOUSE FOR THE BLIND FOUNDATION, founded in 2003, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $1.5M left a modest 11% surplus.

Mission

COMMITTED TO SOLICITING FUNDS EXCLUSIVELY FOR THE LIGHTHOUSE FOR THE BLIND, INCORPORATED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,180,054
Program Service Revenue $0
Investment Income $462,696
Other Revenue $-11,193
TOTAL REVENUE $1,631,557

Expense Breakdown

Grants Paid $686,695
Salaries & Benefits $0
Fundraising Expenses $106,210
Program Expenses $1,261,280
Other Expenses $766,545
TOTAL EXPENSES $1,453,240

Year-over-Year Comparison

2023 2022 Change
Revenue $1,631,557 $1,389,319 +0.2%
Expenses $1,453,240 $1,542,838 -0.1%
Net Income $178,317 $-153,519 -2.2%
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
19
Independent Members
19
Employees
N/A
Volunteers
62

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
$532,070
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID KIDD PRESIDENT 1.00
Officer Director
$0 $0 $0
MEGHAN FOX VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
SANDRA AMODT BOARD MEMBER 1.00
Director
$0 $0 $0
CAITLIN BANNISTER BOARD MEMBER 1.00
Director
$0 $0 $0
MELODY FURZE BOARD MEMBER 1.00
Director
$0 $0 $0
MARIEKE IWEMA BOARD MEMBER 1.00
Director
$0 $0 $0
KIRK LAUGHLIN BOARD MEMBER 1.00
Director
$0 $0 $0
ROYA FEREIDOUNI BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA HARD BOARD MEMBER 1.00
Director
$0 $0 $0
CHELSEA MCLAUGHLIN BOARD MEMBER 1.00
Director
$0 $0 $0
BARBARA ROSS BOARD MEMBER 1.00
Director
$0 $0 $0
BARBARA SANDBERG BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL LWALI BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN DUBAY BOARD MEMBER 1.00
Director
$0 $0 $0
GARY JESPERSEN BOARD MEMBER 1.00
Director
$0 $0 $0
LORNA WALSH BOARD MEMBER 1.00
Director
$0 $0 $0
DON MOLLETT BOARD MEMBER (THRU 12/31) 1.00
Director
$0 $0 $0
DAVE BERTSCH BOARD MEMBER 1.00
Director
$0 $0 $0
YUE OU BOARD MEMBER 1.00
Director
$0 $0 $0
JULIE BRANNON BOARD MEMBER 1.00
Director
$0 $0 $0
GEORGE ABBOTT CEO 1.00
Officer
$0 $36,711 $320,541
RABI GUPTA CFO AND TREASURER 1.00
Officer
$0 $17,775 $211,529
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 $1,631,557 $1,453,240 $5,974,407 $178,317
2023 $1,389,319 $1,542,838 $5,089,631 $-153,519
2022 $1,968,078 $1,889,163 $4,732,001 $78,915
2021 $1,498,079 $1,418,954 $6,062,483 $79,125
2020 $2,286,879 $1,628,304 $5,206,300 $658,575
2019 $1,337,706 $1,475,295 $5,459,680 $-137,589
2018 $1,420,968 $1,310,215 $5,713,831 $110,753
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