SEATTLE LIGHTHOUSE FOR THE BLIND F… - Form 990 Financial Data

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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

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

THE FOUNDATION IS AN ORGANIZATION COMMITTED TO SOLICITING FUNDS EXCLUSIVELY FOR THE LIGHTHOUSE FOR THE BLIND, INCORPORATED. THE FUNDS ARE PRIMARILY USED TO SUPPORT EMPLOYEE AND COMMUNITY SERVICE PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $1,261,280

THE FOUNDATION WAS ESTABLISHED AS A SUPPORTING ORGANIZATION TO THE LIGHTHOUSE FOR THE BLIND, INCORPORATED. THE FOUNDATION'S PURPOSE IS TO SUPPORT THE MISSION OF THE LIGHTHOUSE FOR THE BLIND...

THE FOUNDATION WAS ESTABLISHED AS A SUPPORTING ORGANIZATION TO THE LIGHTHOUSE FOR THE BLIND, INCORPORATED. THE FOUNDATION'S PURPOSE IS TO SUPPORT THE MISSION OF THE LIGHTHOUSE FOR THE BLIND, INCORPORATED, WHICH IS TO CREATE AND ENHANCE OPPORTUNITIES FOR INDEPENDENCE AND SELF-SUFFICIENCY OF PEOPLE WHO ARE BLIND, DEAF-BLIND, AND BLIND WITH OTHER DISABILITIES.

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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%)

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$532,070

Total Directors

Key Employees

Highest Compensated

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
2025	No data	No data	No data	No data
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

SEATTLE LIGHTHOUSE FOR THE BLIND FOUNDATION