Mindfulness Northwest (EIN 455363026) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

Karen Schwisow

Phone

3608306439

Tax Period

2024-01-01 to 2024-12-31

Mindfulness Northwest is a 501(c)(3) with EIN 455363026, based in Bellingham, WA. Founded in 2011, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $500,549 in total revenue and $535,692 in total expenses, with net assets of $166,813.

Mission

Promote mindfulness thoughout the Pacific Northwest through classes, retreats, and teacher training. Improve accessibility through sliding scale fees and scholarship grants.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $27,716

Program Service Revenue $463,558

Investment Income $9,275

Other Revenue $0

TOTAL REVENUE $500,549

Expense Breakdown

Grants Paid $56,147

Salaries & Benefits $319,058

Fundraising Expenses $194

Program Expenses $502,294

Other Expenses $160,487

TOTAL EXPENSES $535,692

Year-over-Year Comparison

	2024	2023	Change
Revenue	$500,549	$523,686	0.0%
Expenses	$535,692	$533,836	+0.0%
Net Income	$-35,143	$-10,150	+2.5%

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

Total Directors

$96,035

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Timothy Burnett	Executive Dir.	27.00	Director	$94,848	$0	$96,035
Toi Geil	President	1.00	Officer Director	$0	$0	$0
Claudia Finkelstein	Treasurer	1.00	Officer Director	$0	$0	$0
Glenn Herlinger	Secretary	1.00	Officer Director	$0	$0	$0
Sonia Sahay	Treasurer	1.00	Officer Director	$0	$0	$0
Karen Schwisow	Executive Dir.	1.00	Officer	$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	$500,549	$535,692	$368,077	$-35,143
2023	$523,686	$533,836	$313,708	$-10,150
2022	$478,184	$476,997	$320,141	$1,187
2021	$451,477	$436,089	$330,897	$15,388
2020	$479,402	$427,742	$346,529	$51,660
2019	$604,150	$590,966	$336,384	$13,184
2018	$531,923	$470,116	$288,611	$61,807

Mindfulness Northwest