SEATTLE INTERNATIONAL FOUNDATION

EIN: 208350995 501(c)(3) Philanthropy & Grantmaking

SEATTLE, WA

Total Revenue
$3,572,123
Total Expenses
$4,299,214
Total Assets
$3,406,779
Net Assets
$3,274,775
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
WA
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 INTL. FOUNDATION IS ORGANIZED & OPERATED AS A SUPPORTING ORG TO SEATTLE FOUNDATION.

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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%)

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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

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Governance

Voting Members
4
Independent Members
3
Employees
N/A
Volunteers
3

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
$462,745
Total Directors
4
$260,174
Key Employees
0
$0
Highest Compensated
3
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
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