CAPITAL LAKEFAIR 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

1957

Legal Domicile

Principal Officer

KAREN ADAMS-GRIGGS

Phone

3609437344

Tax Period

2024-10-01 to 2025-09-30

Mission

TO PROMOTE, RECOGNIZE AND MAINTAIN A POSITIVE BUSINESS RELATIONSHIP, YEAR ROUND, BETWEEN COMMUNITIES AND OREGANIZATIONS THROUGHOUT THE SOUTH SOUND REGION OF PUGET SOUND; TO ACT AS A PROFESSIONAL GOODWILL AMBASSADOR ORGANIZATION BOTH DURING THE CAPITAL LAKEFAIR FESTIVAL CELEBRATION

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

HOSTING AN ANNUAL SUMMER FESTIVAL AT CAPITOL LAKE, AND SUPPORTS COMMUNITY NON-PROFIT ORGANIZATIONS AND ACTS AS A PROFESSIONAL GOODWILL AMBASSADOR FOR THE GREATER OLYMPIA AREA YEAR ROUND

Program 2

Expenses: $0 Revenue: $0

WE GRANTED SCHOLARSHIP MONEY FOR HIGHER EDUCATION TO YOUNG LADIES FROM AREA SCHOOLS, HIGHLIGHTING THEIR ACADEMIC, ARTISTIC TALENTS, AND COMMUNITY SPIRIT

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	$340,698	-1.0%
Expenses	N/A	$325,238	-1.0%
Net Income	N/A	$15,460	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN ADAMS-GRIGGS	CO-PRESIENT	N/A	Officer	$0	$0	$0
LARREL O'KEEFE	CO-PRESIDENT	N/A	Officer	$0	$0	$0
JAMES NEIL TURNER	VICE PRESIDENT	N/A	Officer	$0	$0	$0
KELLI MORGAN-AYRES	SECRETARY	N/A	Officer	$0	$0	$0
JAMES NEIL TURNER	TYLER ADAMS	N/A	Officer	$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
2025	No data	No data	$203,732	No data
2024	$340,698	$325,238	$216,418	$15,460
2023	$387,623	$371,533	$188,272	$16,090
2022	$359,461	$210,377	$216,603	$149,084
2019	$318,166	$287,632	$182,971	$30,534
2018	$318,240	$336,818	$152,437	$-18,578