Foundation for the Seattle Colleges (EIN 205077956) - 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

2006

Legal Domicile

Principal Officer

Traci Russell

Phone

2069346325

Tax Period

2023-01-01 to 2023-11-30

Foundation for the Seattle Colleges, founded in 2006, is a micro nonprofit that reported $12 in total revenue in fiscal year 2023. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 10009858% operating deficit.

Mission

The Foundation for the Seattle Colleges exists to advance fundraising efforts for the Seattle Community College District. We seek to attract financial resources which support students so they may be successful; maintain the quality and deepen the expertise of our faculty and staff and sustain an array of educational programs using state-of-the-art equipment and technology in modern facilities.

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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 $0

Program Service Revenue $0

Investment Income $12

Other Revenue $0

TOTAL REVENUE $12

Expense Breakdown

Grants Paid $1,094,957

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,131,175

Other Expenses $106,238

TOTAL EXPENSES $1,201,195

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12	$32,828	-1.0%
Expenses	$1,201,195	$127,913	+8.4%
Net Income	$-1,201,183	$-95,085	+11.6%

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

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

$4,497

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Traci Russell	Executive Director	4	Officer	$3,512	$985	$4,497
Bill Grinstein	Chair & President	2	Officer Director	$0	$0	$0
Bruce Addison	Treasurer	2	Officer Director	$0	$0	$0
Steve Johnson	Secretary	2	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
2023	$12	$1,201,195	No data	$-1,201,183
2022	$32,828	$127,913	$1,202,656	$-95,085
2021	$222,987	$116,817	$41,063,271	$106,170
2020	$231,849	$98,586	$41,121,650	$133,263
2019	$238,097	$81,492	$41,236,615	$156,605
2018	$504,521	$860,887	$41,337,659	$-356,366

Foundation for the Seattle Colleges