VERMILION SEA INSTITUTE

EIN: 208381814 501(c)(3) Education

Seattle, WA

Total Revenue
$388,248
Total Expenses
$383,063
Total Assets
$33,085
Net Assets
$22,761
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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
WA
Principal Officer
MEGHANN MCDONALD
Phone
6193166645
Tax Period
2024-01-01 to 2024-12-31

VERMILION SEA INSTITUTE, founded in 2006, is a small nonprofit in the Education sector that reported $388K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

TO SUPPORT AND IMPLEMENT PROGRAMS THAT SUPPORT ECOLOGY, CULTURE AND EDUCATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $91,959
Program Service Revenue $287,718
Investment Income $8,571
Other Revenue $0
TOTAL REVENUE $388,248

Expense Breakdown

Grants Paid $0
Salaries & Benefits $140,164
Fundraising Expenses $13,431
Program Expenses $356,345
Other Expenses $242,899
TOTAL EXPENSES $383,063

Year-over-Year Comparison

2024 2023 Change
Revenue $388,248 $358,659 +0.1%
Expenses $383,063 $496,283 -0.2%
Net Income $5,185 $-137,624 -1.0%
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

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Governance

Voting Members
9
Independent Members
8
Employees
3
Volunteers
40

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
$31,340
Total Directors
9
$31,340
Key Employees
1
$31,340
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Meghann McDonald Exeutive Director & Treasurer 40.00
Officer Director Key Emp
$31,340 $0 $31,340
Aaron Hirsch Director 1.00
Director
$0 $0 $0
Veronica Volny Secretary 1.00
Officer Director
$0 $0 $0
Autumn Moore - Barkus Chair 1.00
Officer Director
$0 $0 $0
T'Noya Thompson Vice President 1.00
Officer Director
$0 $0 $0
Jose Pareja Director 1.00
Director
$0 $0 $0
D Graham Burnett Director 1.00
Director
$0 $0 $0
Olivia Walton Director 1.00
Director
$0 $0 $0
Graig Corvelyn Director 1.00
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 $388,248 $383,063 $33,085 $5,185
2023 $358,659 $496,283 $32,091 $-137,624
2022 $315,660 $372,731 $158,444 $-57,071
2021 $305,376 $253,823 $215,050 $51,553
2020 $155,693 $181,984 $165,150 $-26,291
2019 $579,585 $578,933 $189,556 $652
2018 $330,266 $289,506 $191,196 $40,760
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