RICHARD NORDSTROM CHARITABLE TRUST… - Form 990 Financial Data

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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

1952

Legal Domicile

Phone

8004962583

Tax Period

2024-01-01 to 2024-12-31

RICHARD NORDSTROM CHARITABLE TRUST XXXXX3008, founded in 1952, is a small nonprofit that reported $140K in total revenue in fiscal year 2024. Revenue surged 329% from the prior year, signaling strong growth momentum. The organization ran a surplus of $118K, a strong 84% operating margin.

Mission

MEDICAL ASSISTANCE FOR RESIDENTS OF THE CITY OF HIGHWOOD UNABLE TO PAY FOR THEIR CARE AT HIGHWOOD HOSPITAL

Program Service Accomplishments

Program 1

Expenses: $17,796

MEDICAL AND PRESCRIPTION DRUG FINANCIAL ASSISTANCE FOR RESIDENTS OF THE CITY OF HIGHWOOD UNABLE TO PAY FOR THEIR CARE AT HIGHWOOD HOSPITAL

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $140,008

Other Revenue $0

TOTAL REVENUE $140,008

Expense Breakdown

Grants Paid $14,471

Salaries & Benefits $6,944

Fundraising Expenses $0

Program Expenses $17,796

Other Expenses $442

TOTAL EXPENSES $21,857

Year-over-Year Comparison

	2024	2023	Change
Revenue	$140,008	$32,629	+3.3%
Expenses	$21,857	$9,545	+1.3%
Net Income	$118,151	$23,084	+4.1%

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

N/A

Employees

N/A

Volunteers

N/A

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
N/A	TRUSTEE	2.0		$6,944	$0	$6,944

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	$140,008	$21,857	$606,342	$118,151
2023	$32,629	$9,545	$482,729	$23,084
2022	$24,672	$11,861	$462,514	$12,811
2021	$43,277	$63,807	$448,592	$-20,530
2020	$35,632	$10,504	$469,746	$25,128

RICHARD NORDSTROM CHARITABLE TRUST XXXXX3008