ASSET STEWARDSHIP FOUNDATION

EIN: 261088224 501(c)(3) Philanthropy & Grantmaking

TACOMA, WA

Total Revenue
$492,396
Total Expenses
$492,386
Total Assets
$395
Net Assets
$395
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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
WA
Principal Officer
KATHI LITTMANN
Phone
2533835622
Tax Period
2023-01-01 to 2023-12-31

ASSET STEWARDSHIP FOUNDATION, founded in 2007, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $492K in total revenue in fiscal year 2023.

Mission

TYPE I SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3) TO THE GREATER TACOMA COMMUNITY FOUNDATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $521,700
Program Service Revenue $0
Investment Income $-29,304
Other Revenue $0
TOTAL REVENUE $492,396

Expense Breakdown

Grants Paid $492,386
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $492,386
Other Expenses $0
TOTAL EXPENSES $492,386

Year-over-Year Comparison

2023 2022 Change
Revenue $492,396 N/A N/A
Expenses $492,386 N/A N/A
Net Income $10 $0 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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LORI FORTE HARNICK CHAIR 0.25
Officer Director
$0 $0 $0
M WAYNE WILLIAMS VICE CHAIR 0.25
Officer Director
$0 $0 $0
PRISCILLA LISICICH SECRETARY 0.25
Officer Director
$0 $0 $0
BRIAN GREEN TREASURER 0.25
Officer Director
$0 $0 $0
ART WANG CHAIR EMERITUS 0.25
Director
$0 $0 $0
AHLMAHZ NEGASH AT-LARGE 0.30
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
2023 $492,396 $492,386 $395 $10
2019 $-34,466 $1,510,052 $385 $-1,544,518
2018 $38,493 $14,725 $1,314,046 $23,768
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