FOUNDATION FOR THE PRESERVATION OF… - Form 990 Financial Data

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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

1972

Legal Domicile

Principal Officer

Lorraine Hamilton

Phone

5099614172

Tax Period

2025-01-01 to 2025-12-31

FOUNDATION FOR THE PRESERVATION OF THE GOVERNORS MANSION, founded in 1972, is a micro nonprofit that reported $82K in total revenue in fiscal year 2025. Revenue surged 139% from the prior year, signaling strong growth momentum. Expenses of $74K left a modest 10% surplus.

Mission

Maintains the interior furnishings and decor of the home of the Governor of Washington State, as well as provides tours of, and programs in, the public rooms of the home.

Program Service Accomplishments

Program 1

Expenses: $45,120 Revenue: $61,708

Assures that the furniture and interior decor of the public rooms of the Governor's Mansion are well-maintained and offers tours of, and programs in, these rooms

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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 (2025)

Revenue Breakdown

Contributions & Grants $38,941

Program Service Revenue $13,603

Investment Income $23,836

Other Revenue $5,832

TOTAL REVENUE $82,212

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $45,120

Other Expenses $73,648

TOTAL EXPENSES $73,648

Year-over-Year Comparison

	2025	2024	Change
Revenue	$82,212	$34,398	+1.4%
Expenses	$73,648	$59,807	+0.2%
Net Income	$8,564	$-25,409	-1.3%

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
Lorraine Hamilton	President (through June 30)	5	Officer Director	$0	$0	$0
Shanna Stevenson	Secretary (Through June 30)	5	Officer Director	$0	$0	$0
Dawna Donohue	Immediate Past President	5	Director	$0	$0	$0
John Baule	Treasurer	7	Officer Director	$0	$0	$0
Patrick Farwell	President (as of July 1)	5	Officer Director	$0	$0	$0
Jean Boyd	Secretary (as of July1)	5	Officer 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
2025	$82,212	$73,648	$1,799,153	$8,564
2024	$34,398	$59,807	$1,612,035	$-25,409
2023	$34,655	$31,223	$1,432,622	$3,432
2022	$29,217	$54,034	$1,327,189	$-24,817
2021	$42,231	$27,808	$1,670,634	$14,423
2020	$21,450	$24,001	$1,656,211	$-2,551

FOUNDATION FOR THE PRESERVATION OF THE GOVERNORS MANSION