SEATTLE INSTITUTE OF EAST ASIAN MEDICINE (EIN 271791496) - 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

2010

Legal Domicile

Principal Officer

CRAIG MITCHELL

Phone

2065174541

Tax Period

2023-09-01 to 2024-08-31

SEATTLE INSTITUTE OF EAST ASIAN MEDICINE, founded in 2010, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $1.5M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE MEDICAL SERVICES TO PATIENTS & EDUCATION/TRAINING TO STUDENTS PROVIDING THE SERVICES.

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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 $955

Program Service Revenue $1,287,877

Investment Income $20,533

Other Revenue $0

TOTAL REVENUE $1,309,365

Expense Breakdown

Grants Paid $47

Salaries & Benefits $907,520

Fundraising Expenses $20,000

Program Expenses $1,070,811

Other Expenses $583,178

TOTAL EXPENSES $1,490,745

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,309,365	$1,118,555	+0.2%
Expenses	$1,490,745	$1,142,149	+0.3%
Net Income	$-181,380	$-23,594	+6.7%

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

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

$89,641

Total Directors

$89,641

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG MITCHELL	EXECUTIVE DIRECTOR/PRESIDENT	40.00	Officer Director	$89,641	$0	$89,641
MARC RUSSELL	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
OMAR HASSAN	TREASURER	1.00	Officer Director	$0	$0	$0
STEVE FARRELL	SECRETARY	1.00	Officer Director	$0	$0	$0
CHARLIE CUNNIFF	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA ANURAGA	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
2024	$1,309,365	$1,490,745	$3,097,247	$-181,380
2023	$1,118,555	$1,142,149	$3,187,014	$-23,594
2022	$1,155,281	$915,477	$897,722	$239,804
2021	$850,494	$753,846	$722,970	$96,648
2020	$111,349	$51,941	$595,703	$59,408

SEATTLE INSTITUTE OF EAST ASIAN MEDICINE