GREATER GIG HARBOR FOUNDATION (EIN 432104829) - 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

2006

Legal Domicile

Principal Officer

Julie Ann Gustanski PhD LLM

Phone

2535146338

Tax Period

2024-01-01 to 2024-12-31

GREATER GIG HARBOR FOUNDATION, founded in 2006, is a community nonprofit in the Recreation & Sports sector that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $2.1M left a modest 5% surplus.

Mission

THE GREATER GIG HARBOR FOUNDATION WORKS TO HELP STRENGTHEN WASHINGTON STATE'S SOUTH PUGET SOUND COMMUNITIES OF THE GREATER GIG HARBOR AND KEY PENINSULAS THROUGH PROGRAMS, PROJECTS AND SERVICES, ENCOURAGING AND SUPPORTING EFFECTIVE CHARITABLE GIVING, AND BY PROVIDING LEADERSHIP ON CRITICAL ISSUES IN OUR COMMUNITY. OUR FIVE CORE AREAS INCLUDE: ARTS & CULTURE, EDUCATION, ENVIRONMENT, RECREATION AND SOCIAL CAPITAL.

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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 $571,992

Program Service Revenue $1,514,658

Investment Income $58,649

Other Revenue $22,127

TOTAL REVENUE $2,167,426

Expense Breakdown

Grants Paid $77,824

Salaries & Benefits $1,062,559

Fundraising Expenses $0

Program Expenses $2,066,147

Other Expenses $919,357

TOTAL EXPENSES $2,066,147

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,167,426	$1,863,421	+0.2%
Expenses	$2,066,147	$2,113,956	0.0%
Net Income	$101,279	$-250,535	-1.4%

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

670

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

$47,552

Key Employees

$236,706

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ariel Gustanski	Chief Operating Officer	40	Key Emp Highest	$68,952	$0	$68,952
Toni Gillespie	Office Administrator	40	Key Emp	$47,325	$0	$47,325
Odette Alina	Director, Curious By Nature School	40	Key Emp	$44,458	$0	$44,458
Joyce Shultz	Board Member	30	Director Key Emp	$28,690	$0	$28,690
Dena Randazzo	Bookeeper	20	Key Emp	$28,419	$0	$28,419
Rob Rigoni	VP and EnviroCorps Manager	25	Director Key Emp	$18,862	$0	$18,862
Julie Ann Gustanski	Board Member/CEO	40	Officer Director	$0	$0	$0
Jud Morris	President	15	Director	$0	$0	$0
Barb Turecky	Secretary	15	Director	$0	$0	$0
Rick Gillespie	Board Treasurer	5	Director	$0	$0	$0
David Olson	Board Member	15	Director	$0	$0	$0
Marlene Druker	Board Member	15	Director	$0	$0	$0
Gina Cabiddu	Board Member	15	Director	$0	$0	$0
David Cathers	Board Member	5	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	$2,167,426	$2,066,147	$2,430,938	$101,279
2023	$1,863,421	$2,113,956	$1,761,302	$-250,535
2022	$942,389	$1,185,378	$2,000,141	$-242,989
2021	$1,193,487	$688,921	$1,121,076	$504,566
2020	$751,509	$586,419	$465,298	$165,090
2019	$940,250	$768,185	$226,085	$172,065
2018	$611,525	$571,807	$147,536	$39,718

GREATER GIG HARBOR FOUNDATION