SEATTLE INTERNATIONAL FOUNDATION

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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

MICHELE FRIX DASSEL

Phone

2066222294

Tax Period

2023-01-01 to 2023-12-31

SEATTLE INTERNATIONAL FOUNDATION, founded in 2007, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.6M in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $4.3M exceeded revenue, resulting in a 20% operating deficit.

Mission

SEATTLE INTERNATIONAL FOUNDATION (SIF) CHAMPIONS EQUITY AND RULE OF LAW IN CENTRAL AMERICA THROUGH GOOD GOVERNANCE AND A ROBUST CIVIL SOCIETY. SIF WORKS WITH OTHER DONORS TO THE REGION TO INCREASE PHILANTHROPY AND TO PROMOTE COLLABORATION, LEARNING, AND COORDINATION OF EFFORTS TO ADDRESS INEQUALITY IN CENTRAL AMERICA. SIF WAS FOUNDED AS A TYPE I SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3) TO SEATTLE FOUNDATION FOR THE PURPOSE OF INCREASING AND ENHANCING INTERNATIONAL PHILANTHROPY EFFORTS AND DEVELOPMENT EFFORTS FROM THE PACIFIC NORTHWEST.

Program Service Accomplishments

Program 1

Expenses: $3,572,357 Revenue: $0

SINCE 2008, SIF HAS GRANTED MORE THAN $39 MILLION TO 275 ORGANIZATIONS IN 84 COUNTRIES, INCLUDING $17 MILLION IN GRANTS TO CENTRAL AMERICA. SIF HOSTS THE CENTRAL AMERICA DONORS FORUM, THE PREMIER...

SINCE 2008, SIF HAS GRANTED MORE THAN $39 MILLION TO 275 ORGANIZATIONS IN 84 COUNTRIES, INCLUDING $17 MILLION IN GRANTS TO CENTRAL AMERICA. SIF HOSTS THE CENTRAL AMERICA DONORS FORUM, THE PREMIER NETWORKING AND LEARNING SPACE TO ADVANCE PHILANTHROPY AND DEVELOPMENT EFFORTS IN CENTRAL AMERICA. THE EVENT BRINGS TOGETHER LEADERS FROM BUSINESS, PHILANTHROPY, GOVERNMENT, AND CIVIL SOCIETY TO DISCUSS PRIORITY ISSUES AND SUCCESSFUL MODELS OF DEVELOPMENT, AND EXPLORE CO-INVESTMENT FOR SOCIAL IMPACT. SIF ALSO HOSTS THE CENTRAL AMERICA & MEXICO YOUTH FUND WHICH SUPPORTS LEADERS IN CENTRAL AMERICA IN DESIGNING AND IMPLEMENTING PROJECTS TO IMPROVES THE LIVES OF LOCAL YOUTH AND THEIR COMMUNITIES.

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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 $3,443,856

Program Service Revenue $0

Investment Income $128,267

Other Revenue $0

TOTAL REVENUE $3,572,123

Expense Breakdown

Grants Paid $1,829,977

Salaries & Benefits $1,716,623

Fundraising Expenses $18,292

Program Expenses $3,572,357

Other Expenses $752,614

TOTAL EXPENSES $4,299,214

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,572,123	$5,507,703	-0.4%
Expenses	$4,299,214	$4,911,603	-0.1%
Net Income	$-727,091	$596,100	-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

$462,745

Total Directors

$260,174

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONY MESTRES	PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHELLE FRIX DASSELL	VICE PRESIDENT/SECRETARY	2.00	Officer Director	$0	$43,126	$260,174
SERENA COSGROVE	TREASURER	2.00	Officer Director	$0	$0	$0
JOVANA RIOS CISNERO	BOARD MEMBER	2.00	Director	$0	$0	$0
ADRIANA BELTRAN	SIF EXECUTIVE DIRECTOR	40.00	Officer	$0	$41,628	$202,571
ERIC OLSON	DIR. OF POLICY & STRATEGIC INITIATIVES	40.00	Highest	$0	$30,290	$154,702
SARAH PEASE	DIR. OF DEVELOPMENT & FUNDRAISING	40.00	Highest	$0	$17,139	$132,989
MIRTE POSTEMA	PROGRAM OFFICER	40.00	Highest	$0	$14,475	$126,617

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
2023	$3,572,123	$4,299,214	$3,406,779	$-727,091
2022	$5,507,703	$4,911,603	$4,123,364	$596,100
2021	$2,971,233	$3,945,651	$3,557,476	$-974,418
2020	$3,813,825	$6,351,698	$4,713,734	$-2,537,873
2019	$4,425,505	$4,988,284	$7,418,229	$-562,779
2018	$5,616,473	$6,719,913	$8,134,597	$-1,103,440