SEATTLE INDUSTRY FOUNDATION (EIN 203812716) - 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

JAMES D GERING

Phone

2067622470

Tax Period

2021-01-01 to 2021-12-31

SEATTLE INDUSTRY FOUNDATION, founded in 2005, is a small nonprofit in the Education sector that reported $436K in total revenue in fiscal year 2021. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $537K exceeded revenue, resulting in a 23% operating deficit.

Mission

THE SEATTLE INDUSTRY FOUNDATION EXISTS TO SUPPORT TRANSPORTATION AND EDUCATION ACTIVITIES THAT HELP SUPPORT THE CONTINUED VIABILITY OF INDUSTRIAL BUSINESS OPERATIONS IN GREATER SEATTLE. THE LONG TERM HEALTH OF THE INDUSTRIAL COMMUNITY IS THREATENED BY THE FAILURE OF GOVERNMENT TO PROVIDE ADEQUATE TRANSPORTATION INFRASTRUCTURE AND INADEQUATE PUBLIC TRANSIT SERVICES. INDUSTRIAL BUSINESSES ALSO FACE A GROWING CHALLENGE IN FINDING QUALIFIED WORKERS BECAUSE OF THE FAILURE OF THE PUBLIC SCHOOL SYSTEM TO ADEQUATELY INFORM STUDENTS ABOUT THE HIGH-WAGE CAREER OPPORTUNITIES THAT EXIST IN INDUSTRIAL EMPLOYMENT SECTORS. THE GOAL OF THE SEATTLE INDUSTRY FOUNDATION IS TO RAISE FUNDS TO SUPPORT ACTIVITIES THAT HELP TO ADDRESS THESE TRANSPORTATION AND EDUCATION ISSUES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $422,144

Program Service Revenue $13,435

Investment Income $0

Other Revenue $0

TOTAL REVENUE $435,579

Expense Breakdown

Grants Paid $328,860

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $536,779

Other Expenses $207,919

TOTAL EXPENSES $536,779

Year-over-Year Comparison

	2021	2020	Change
Revenue	$435,579	$1,031,802	-0.6%
Expenses	$536,779	$912,600	-0.4%
Net Income	$-101,200	$119,202	-1.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WARREN AAKERVIK	TREASURER	2.00	Officer Director	$0	$0	$0
JAMES D GERING	EXECUTIVE DI	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	No data	No data	No data	No data
2021	$435,579	$536,779	$19,430	$-101,200
2020	$1,031,802	$912,600	$120,630	$119,202

SEATTLE INDUSTRY FOUNDATION