Seattle Good Business Network DBA Good Business Network of Washington

EIN: 272172486 501(c)(3) Community Improvement

Seattle, WA

Total Revenue
$2,354,489
Total Expenses
$2,294,070
Total Assets
$301,295
Net Assets
$-162,577
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
WA
Principal Officer
Erin Adams
Phone
2066292346
Tax Period
2025-01-01 to 2025-12-31

Seattle Good Business Network DBA Good Business Network of Washington, founded in 2010, is a community nonprofit in the Community Improvement sector that reported $2.4M in total revenue in fiscal year 2025. Revenue surged 30% from the prior year, signaling strong growth momentum.

Mission

Seattle Good Business Network connects and inspires people to buy, produce, and invest locally, so that everyone has a meaningful stake in the local economy.

Program Service Accomplishments

Program 1
Expenses: $915,855 Revenue: $1,060,257

Seattle Restored reinvigorates our city by activating vacant storefronts in Seattle's neighborhoods with pop-up shops from local entrepreneurs. These projects benefit neighborhoods, small businesses...

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Seattle Restored reinvigorates our city by activating vacant storefronts in Seattle's neighborhoods with pop-up shops from local entrepreneurs. These projects benefit neighborhoods, small businesses, artists, and property owners and encourage the public to visit downtown Seattle, and support local businesses and artists. Each entrepreneur is provided with wrap-around support, including a no-cost lease, operating expenses, and business training, setting them up for future success. All Seattle Restored participants are included in a citywide media campaign: online, print, radio, and a digital passport program. In 2025, this program supported 62 participants, 10 of them moved on from the program to secure their own long-term lease of 2+ years. The program facilitated over $2,000,000 in sales in 2025.

Program 2
Expenses: $486,383 Revenue: $373,019

In 2025, our Good Food Economy initiatives continued to strengthen the local food chain by creating spaces for connection and collaboration across the Puget Sound, engaging 1,253 businesses and...

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In 2025, our Good Food Economy initiatives continued to strengthen the local food chain by creating spaces for connection and collaboration across the Puget Sound, engaging 1,253 businesses and organizations through 1,593 individuals over the course of the year. Our flagship event, Good Food Connections, brought together over 370 producers, buyers, and community food stakeholders. The impact was immediate and tangible, with 71% of participants anticipating sales resulting from over 2,500 meaningful connections made and featuring 70 local producers through catered meals and a food expo. We debuted a new tasting and marketplace event, Taste of the Sound, connecting 70 local producers with over 100 buyers across multiple market channels and directly to the public. Our biannual dining promotion Seattle Restaurant Week drove customer visits to 314 restaurants, providing vital support for small, independent businesses in a slower season. We elevated community voices through focused listening sessions like Nourishing Local Connections, where, with partner organizations, we created a vital bridge between 195 food access organizations and 47 government representatives. This work led to policy recommendations including farm-to-food assistance investments and flexible grants for innovative new models to strengthen regional food security programming. Through ongoing facilitation of Good Food Forum, we continue to grow our community of now 1,600+ members, nurturing a vibrant ecosystem where all food businesses and organizations, including producers, chefs, schools, food assistance organizations, and more can find support, share resources, and collaborate on solutions that advance our regional food system. Through connections made on Good Food Exchange, our partners at Cascadia Produce redistributed 2.3 million pounds of rescued good food to over 70 food assistance organizations. These sales and donations guaranteed this good food was diverted to its highest use to people (95%), animals (4%), and compost (just 0.3%), ensuring no good food goes to waste and producers are paid for their food. Good Food Kitchens directed $69,002.55 to 9 community kitchen partners, sourcing from 34 local farms and producers, to prepare 8,132 nourishing, cultural meals for 13 organizations to distribute to community members.

Program 3
Expenses: $225,971 Revenue: $103,147

In 2025 Good Business Network's programs also included Seattle Made, Seattle Explored, and Northwest Sewn: Seattle Made is a collaborative program of hundreds of urban manufacturers and producers who...

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In 2025 Good Business Network's programs also included Seattle Made, Seattle Explored, and Northwest Sewn: Seattle Made is a collaborative program of hundreds of urban manufacturers and producers who are united to make it in Seattle, expanding opportunities for local ownership. Through an online community, makers share resources: production space & funding opportunities, pop-up sales events, wholesale and retail connections, and more. Seattle Explored provides pathways for locals and visitors alike to take advantage of the unique businesses and experiences Seattle has to offerin a handy digital format available via smartphone. Seattle Explored provides pathways for locals and visitors alike to take advantage of the unique businesses and experiences Seattle has to offerin a handy digital format available via smartphone. Northwest Sewn is a membership based community of peers working together to create the conditions for equitable job creation and meaningful employment, increased local manufacturing capacity, and industry collaboration across the Pacific Northwest.

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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 $813,068
Program Service Revenue $1,554,951
Investment Income $18
Other Revenue $-13,548
TOTAL REVENUE $2,354,489

Expense Breakdown

Grants Paid $503,183
Salaries & Benefits $866,626
Fundraising Expenses $96,718
Program Expenses $1,727,859
Other Expenses $924,261
TOTAL EXPENSES $2,294,070

Year-over-Year Comparison

2025 2024 Change
Revenue $2,354,489 $1,813,231 +0.3%
Expenses $2,294,070 $2,012,057 +0.1%
Net Income $60,419 $-198,826 -1.3%
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
15
Volunteers
37

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
$178,555
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Erin Adams Executive Dir. 50.00
Officer
$152,292 $26,263 $178,555
Inderjeet Ramgotra President 3.00
Officer Director
$0 $0 $0
Celia Morant Treasurer 1.00
Officer Director
$0 $0 $0
Andrew Konstantaras Secretary 10.00
Officer Director
$0 $0 $0
Debbie Wege Director 1.00
Director
$0 $0 $0
Art Stone Director 0.50
Director
$0 $0 $0
Lacey Warrior Director 0.50
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 $2,354,489 $2,294,070 $301,295 $60,419
2024 No data No data No data No data
2023 $2,758,458 $2,794,468 $425,326 $-36,010
2022 $1,867,849 $1,881,087 $388,498 $-13,238
2021 $785,540 $734,233 $173,051 $51,307
2020 $603,405 $586,698 $106,833 $16,707
2019 $582,484 $716,792 $30,585 $-134,308
2018 $564,869 $519,310 $135,159 $45,559
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