THE THUNDERBIRD COMMUNITY SPORTS FOUNDATION

EIN: 261712275 501(c)(3) Education

KENT, WA

Total Revenue
$302,978
Total Expenses
$381,939
Total Assets
$325,798
Net Assets
$227,903
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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

Legal Domicile
WA
Principal Officer
RUSS FARWELL
Phone
2063694872
Tax Period
2025-01-01 to 2025-12-31

THE THUNDERBIRD COMMUNITY SPORTS FOUNDATION is a small nonprofit in the Education sector that reported $303K in total revenue in fiscal year 2025. Revenue surged 78% from the prior year, signaling strong growth momentum. Expenses of $382K exceeded revenue, resulting in a 26% operating deficit.

Mission

THE THUNDERBIRD COMMUNITY SPORTS FOUNDATION PROMOTES GOOD HEALTH, PHYSICAL EDUCATION, AND ACADEMIC ACHIEVEMENT BY PROVIDING SCHOLARSHIPS AND GRANTS FOR AMATEUR ATHLETES IN THE PUGET SOUND REGION, AS WELL AS PROVIDING GRANTS TO LOCAL YOUTH AND AMATEUR SPORTS ASSOCIATIONS.

Program Service Accomplishments

Program 1
Expenses: $371,654 Revenue: $273,213

THE FOUNDATION'S ONLY PROGRAMS ARE OPERATING A 50/50 RAFFLE AND A JERSEY RAFFLE AT THE HOME GAMES OF THE SEATTLE THUNDERBIRDS HOCKEY TEAM. THE MONEY IS COLLECTED FROM THE SALE OF RAFFLE TICKETS, WITH...

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THE FOUNDATION'S ONLY PROGRAMS ARE OPERATING A 50/50 RAFFLE AND A JERSEY RAFFLE AT THE HOME GAMES OF THE SEATTLE THUNDERBIRDS HOCKEY TEAM. THE MONEY IS COLLECTED FROM THE SALE OF RAFFLE TICKETS, WITH THE WINNER OF THE 50/50 RAFFLE TAKING 50% OF THE PROCEEDS, AND THE WINNER OF THE JERSEY RAFFLE WINNING A JERSEY. THE FOUNDATION KEEPS THE BALANCE OF THE FUNDS COLLECTED TO DEFRAY THE COSTS OF OPERATIONS AND THEN DISTRIBUTES THE REMAINDER TO THE COMMUNITY IN THE FORM OF GRANTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,030
Program Service Revenue $0
Investment Income $27,736
Other Revenue $273,212
TOTAL REVENUE $302,978

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $371,654
Other Expenses $381,939
TOTAL EXPENSES $381,939

Year-over-Year Comparison

2025 2024 Change
Revenue $302,978 $170,252 +0.8%
Expenses $381,939 $130,212 +1.9%
Net Income $-78,961 $40,040 -3.0%
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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Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
20

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
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUSS FARWELL President 3.00
Officer Director
$0 $0 $0
RICK RONISH Director 10.00
Director
$0 $0 $0
COLIN CAMPBELL Secretary 3.00
Officer Director
$0 $0 $0
JARED CROOKS Director 1.00
Director
$0 $0 $0
KEN THOMAS Director 1.00
Director
$0 $0 $0
BRENDA FARWELL Vice President 5.00
Officer Director
$0 $0 $0
KURT HANSEN Director 1.00
Director
$0 $0 $0
BILL LAFORGE Director 1.00
Director
$0 $0 $0
NELLA LAFORGE Director 1.00
Director
$0 $0 $0
DYLAN LOCKERT Director 1.00
Director
$0 $0 $0
TIM HIGGINS Director 1.00
Director
$0 $0 $0
PHIL VARNEY Director 1.00
Director
$0 $0 $0
DINO W TRAVERSO Treasurer 3.00
Officer Director
$0 $0 $0
ESTER VARNEY Director 1.00
Director
$0 $0 $0
MATT O'DETTE Director 1.00
Director
$0 $0 $0
ERIN SAUNDERS Director 1.00
Director
$0 $0 $0
JASON THOMSEN Director 1.00
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 $302,978 $381,939 $325,798 $-78,961
2024 $170,252 $130,212 $318,054 $40,040
2023 $289,653 $243,716 $277,794 $45,937
2022 $278,024 $286,718 $278,696 $-8,694
2021 $68,233 $59,742 $231,276 $8,491
2020 $91,277 $52,855 $213,107 $38,422
2019 $191,583 $205,228 $176,571 $-13,645
2018 $195,112 $213,500 $191,548 $-18,388
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