SEATTLE OUT AND PROUD INC (EIN 203784927) - Form 990 Financial Analysis & Trantor Score

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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

2005

Legal Domicile

Principal Officer

Patricia Hearn

Tax Period

2023-09-01 to 2024-08-31

SEATTLE OUT AND PROUD INC, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $220K in total revenue in fiscal year 2023. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $492K exceeded revenue, resulting in a 124% operating deficit.

Mission

To coordinate and promote lesbian gay bisexual and transgender pride events in Seattle and the Pacific Northwest which celebrate the present envision the future and honor the past.

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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 $219,952

Program Service Revenue $0

Investment Income $1,610

Other Revenue $-1,775

TOTAL REVENUE $219,787

Expense Breakdown

Grants Paid $43,000

Salaries & Benefits $227,611

Fundraising Expenses $0

Program Expenses $369,210

Other Expenses $221,828

TOTAL EXPENSES $492,439

Year-over-Year Comparison

	2023	2022	Change
Revenue	$219,787	$1,145,673	-0.8%
Expenses	$492,439	$1,221,732	-0.6%
Net Income	$-272,652	$-76,059	+2.6%

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

Volunteers

490

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

$145,525

Total Directors

$145,525

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ramone Myers	President	10.00	Officer Director	$0	$0	$0
Alex Morgan	Vice President	10.00	Officer Director	$0	$0	$0
Claudia De Hierro	Treasurer	10.00	Officer Director	$0	$0	$0
Patrica Hearn	Executive Director	40.00	Officer Director Highest	$141,925	$3,600	$145,525
Jack Anderson	Director	10.00	Director	$0	$0	$0
Ashley Gibson	Director	10.00	Director	$0	$0	$0
Velvine Jobiese	Director	10.00	Director	$0	$0	$0
Omar Rachid	Director	10.00	Director	$0	$0	$0
Tiffany Nakamitsu	Director	10.00	Director	$0	$0	$0
Gabriela Pennisi	Secretary	10.00	Officer Director	$0	$0	$0
Johnny Le	Secretary	10.00	Officer Director	$0	$0	$0
Alex Ruble	Immediate Past President	10.00	Officer Director	$0	$0	$0

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	$219,787	$492,439	$424,367	$-272,652
2023	$1,145,673	$1,221,732	$761,374	$-76,059
2022	$938,671	$976,883	$772,278	$-38,212
2021	$647,497	$812,676	$810,490	$-165,179
2020	$468,549	$554,291	$970,426	$-85,742
2019	$995,766	$542,982	$1,047,195	$452,784
2018	$719,105	$451,774	$594,411	$267,331

SEATTLE OUT AND PROUD INC