ASSET STEWARDSHIP FOUNDATION

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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

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.

Program Service Accomplishments

Program 1

Expenses: $492,386

THE SPECIFIC PURPOSE FOR WHICH THE FOUNDATION IS ORGANIZED IS TOSUPPORT, OPERATE FOR THE BENEFIT OF, AND TO CARRY OUT THE PURPOSES OFGREATER 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%)

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

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
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