Turning Point Seattle dba Canopy S… - 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

2007

Legal Domicile

Principal Officer

Lynn Newcombe

Phone

2064026960

Tax Period

2025-01-01 to 2025-12-31

Turning Point Seattle dba Canopy Scholars, founded in 2007, is a small nonprofit in the Health Care sector that reported $124K in total revenue in fiscal year 2025. Revenue fell 36% from the prior year — a significant decline worth monitoring.

Mission

Our mission is to create equity in education for underserved students. Canopy creates access to tutoring, STEM, and community building programs.

Program Service Accomplishments

Program 1

Expenses: $85,711

Hosted fundraising events to provide tutoring, STEM, and community building programs for underserved students.

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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 (2025)

Revenue Breakdown

Contributions & Grants $122,091

Program Service Revenue $0

Investment Income $0

Other Revenue $2,188

TOTAL REVENUE $124,279

Expense Breakdown

Grants Paid $1,194

Salaries & Benefits $81,333

Fundraising Expenses $2,117

Program Expenses $85,711

Other Expenses $53,939

TOTAL EXPENSES $136,466

Year-over-Year Comparison

	2025	2024	Change
Revenue	$124,279	$194,170	-0.4%
Expenses	$136,466	$193,562	-0.3%
Net Income	$-12,187	$608	-21.0%

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

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

$46,172

Total Directors

$12,840

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Friedline	Board Chair	5.00	Officer Director	$0	$0	$0
Saba Berhe	Board Member	5.00	Director	$12,840	$0	$12,840
Marc Doerschel	Board Member	5.00	Director	$0	$0	$0
Jessica Ketola	Board Member	5.00	Director	$0	$0	$0
Carrie Strawn	Board Member	5.00	Director	$0	$0	$0
Stevie Helton	Board Member	5.00	Director	$0	$0	$0
Lynn Newcombe	Executive Director	40.00	Officer	$46,172	$0	$46,172

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	$124,279	$136,466	$906	$-12,187
2024	$194,170	$193,562	$5,316	$608
2023	$139,926	$186,547	$3,148	$-46,621
2022	$183,360	$175,668	$49,816	$7,692
2021	$154,690	$132,062	$31,775	$22,628
2020	$153,431	$149,326	$31,309	$4,105
2019	$117,132	$121,497	$20,962	$-4,365
2018	$90,203	$106,279	$13,113	$-16,076

Turning Point Seattle dba Canopy Scholars