MSC 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

2008

Legal Domicile

Principal Officer

ROBIN CORAK

Phone

2538386810

Tax Period

2021-07-01 to 2022-06-30

MSC FOUNDATION, founded in 2008, is a micro nonprofit that reported $16K in total revenue in fiscal year 2021. Revenue surged 322% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7K, a strong 45% operating margin.

Mission

TO PROVIDE FINANCIAL ASSISTANCE AND OTHER SUPPORT TO MULTI-SERVICE CENTER OF FEDERAL WAY, WASHINGTON.

Program Service Accomplishments

Program 1

TO PROVIDE FINANCIAL ASSISTANCE AND SUPPORT TO MULTI-SERVICE CENTER, A 501(C)(3) ORGANIZATION SERVING THE LOW INCOME CITIZENS OF KING COUNTY, WASHINGTON WITH FOOD, CLOTHING, EMERGENCY, TRANSITIONAL...

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $14,587

Other Revenue $1,832

TOTAL REVENUE $16,419

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $8,995

TOTAL EXPENSES $8,995

Year-over-Year Comparison

	2021	2020	Change
Revenue	$16,419	$3,887	+3.2%
Expenses	$8,995	$13,474	-0.3%
Net Income	$7,424	$-9,587	-1.8%

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

$298,233

Total Directors

$190,621

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBIN CORAK	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$44,097	$190,621
DAVID BERGER	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS BERRY	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID MCRAE	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL GORDON	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB WROBLEWSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
KATRINA ASAY	BOARD MEMBER	1.00	Director	$0	$0	$0
TELEDA HOLMES	BOARD MEMBER	1.00	Director	$0	$0	$0
RENE EWING	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH LANCASTER	FINANCE DIRECTOR	1.00	Officer	$0	$14,290	$107,612

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
2022	$16,419	$8,995	No data	$7,424
2021	$3,887	$13,474	$887,044	$-9,587
2020	$8,751	$11,087	$731,888	$-2,336
2019	$9,694	$10,511	$725,894	$-817
2018	No data	$5,927	$698,415	No data