TULALIP FOUNDATION (EIN 260807036) - Form 990 Financial Analysis & Trantor Score

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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

2007

Legal Domicile

Principal Officer

MELVIN SHELDON JR

Phone

3607165400

Tax Period

2023-01-01 to 2023-12-31

TULALIP FOUNDATION, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $300K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $59K, a strong 20% operating margin.

Mission

THE MISSION OF THE TULALIP FOUNDATION IS BEING DEDICATED TO EMPOWERING THE WELL BEING OF THE TULALIP COMMUNITY BY HELPING MEET CHARITABLE, CULTURAL, SCIENTIFIC AND EDUCATIONAL NEEDS THROUGH CHARITABLE FUNDRAISING, SOLICITING AND DISPERSAL OF FUNDS.

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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 $289,670

Program Service Revenue $0

Investment Income $37,279

Other Revenue $-26,483

TOTAL REVENUE $300,466

Expense Breakdown

Grants Paid $207,930

Salaries & Benefits $0

Fundraising Expenses $25,854

Program Expenses $207,930

Other Expenses $33,750

TOTAL EXPENSES $241,680

Year-over-Year Comparison

	2023	2022	Change
Revenue	$300,466	$220,522	+0.4%
Expenses	$241,680	$248,575	0.0%
Net Income	$58,786	$-28,053	-3.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLEN GOBIN	MEMBER	0.20	Director	$0	$0	$0
LUIS HERNANDEZ	MEMBER	0.20	Director	$0	$0	$0
MELVIN SHELDON JR	CHAIRMAN	1.00	Officer	$0	$0	$0
PATTI GOBIN	VICE CHAIRMAN	1.00	Officer	$0	$0	$0
ROCHELLE LUBBERS	SECRETARY	0.50	Officer	$0	$0	$0
MARJORIE JAMES	TREASURER	0.50	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
2024	No data	No data	No data	No data
2023	$300,466	$241,680	$1,254,442	$58,786
2022	$220,522	$248,575	$1,202,266	$-28,053
2021	$292,557	$1,132,451	$1,251,694	$-839,894
2020	$123,333	$233,978	$2,002,173	$-110,645
2019	$111,591	$113,837	$2,045,204	$-2,246
2018	$1,557,723	$69,085	$1,954,649	$1,488,638

TULALIP FOUNDATION