SEATTLE DRUG & NARCOTIC CENTER INC

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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

1969

Legal Domicile

Principal Officer

JOE BARRETT

Phone

2067670244

Tax Period

2023-01-01 to 2023-12-31

SEATTLE DRUG & NARCOTIC CENTER INC, founded in 1969, is a mid-sized nonprofit in the Mental Health sector that reported $12.1M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $14.6M exceeded revenue, resulting in a 21% operating deficit.

Mission

THE COMPANY IS A NON-PROFIT CORPORATION THAT PROVIDES INDIVIDUALS WITH LONG TERM RESIDENTIAL TREATMENT AND AFTERCARE IN A SAFE, SUPPORTIVE AND HEALTHY ENVIRONMENT THAT PROMOTES SELF-SUFFICIENCY, EMOTIONAL GROWTH, PERSONAL ACOUNTABILITY AND PERSONAL VALUES ENHANCEMENT. OUR GOAL IS TO CHANGE LIVES ONE AT A TIME THROUGH MODELING, EDUCATION AND SUPPORTING INDIVIDUALS ON THEIR ROAD TO RECOVERY.

Program Service Accomplishments

Program 1

Expenses: $7,151,845 Revenue: $11,124,222

THE COMPANY'S RECYCLING CENTER PROVIDES JOB TRAINING AND SKILLS DEVELOPMENT FOR THE RESIDENTIAL TREATMENT CENTER CLIENTS.

Program 2

Expenses: $5,596,232 Revenue: $3,368,150

THE COMPANY IS A RESIDENTIAL DRUG/ALCOHOL TREATMENT CENTER WITH A CAPACITY OF 109 ADULTS AND CHILDREN.

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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 $3,363,684

Program Service Revenue $4,566

Investment Income $-45,839

Other Revenue $8,784,778

TOTAL REVENUE $12,107,189

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,420,279

Fundraising Expenses $0

Program Expenses $12,748,077

Other Expenses $7,206,469

TOTAL EXPENSES $14,626,748

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,107,189	$11,104,008	+0.1%
Expenses	$14,626,748	$11,642,424	+0.3%
Net Income	$-2,519,559	$-538,416	+3.7%

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

158

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

$309,157

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL OSTACHER	PRESIDENT	0.30	Director	$0	$0	$0
SCOTT GIFFORD	VICE PRESIDENT	0.30	Director	$0	$0	$0
MIKEL SAMANIEGO	TREASURER	0.30	Director	$0	$0	$0
JENNIE LINDBERG	SECRETARY	0.30	Director	$0	$0	$0
JON CAFASSO	AT LARGE	0.30	Director	$0	$0	$0
MEGAN TRIPP	AT LARGE	0.30	Director	$0	$0	$0
JASON VICKERS	AT LARGE	0.30	Director	$0	$0	$0
PATRICK ARNEY	AT LARGE	0.30	Director	$0	$0	$0
AARON MACCOY	AT LARGE	0.30	Director	$0	$0	$0
MONICA RAMSEY	AT LARGE	0.30	Director	$0	$0	$0
JOSEPH BARRETT	CEO	40.00	Officer	$309,157	$0	$309,157

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	$12,107,189	$14,626,748	$10,399,652	$-2,519,559
2022	$11,104,008	$11,642,424	$10,546,927	$-538,416
2021	$9,923,364	$8,815,854	$11,687,888	$1,107,510
2020	$7,329,756	$7,679,746	$10,565,339	$-349,990
2019	$7,182,232	$7,641,088	$8,662,250	$-458,856
2018	$7,264,467	$7,915,741	$9,235,202	$-651,274