SHAG COMMUNITY LIFE FOUNDATION

EIN: 460779043 501(c)(3)

BELLEVUE, WA

Total Revenue
$1,959,803
Total Expenses
$1,914,345
Total Assets
$381,407
Net Assets
$211,661
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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
2012
Legal Domicile
WA
Principal Officer
TORSTEN HIRCHE
Phone
2067015428
Tax Period
2022-10-01 to 2023-09-30

SHAG COMMUNITY LIFE FOUNDATION, founded in 2012, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2022. Revenue decreased 13% compared to the prior year.

Mission

CLF PROVIDES AFFORDABLE HOUSING SUPPORT SERVICES FOR LOW-INCOME SENIORS AND FAMILIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,311,365
Program Service Revenue $648,438
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,959,803

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,420,885
Fundraising Expenses $0
Program Expenses $1,312,630
Other Expenses $493,460
TOTAL EXPENSES $1,914,345

Year-over-Year Comparison

2022 2021 Change
Revenue $1,959,803 $2,245,771 -0.1%
Expenses $1,914,345 $2,971,384 -0.4%
Net Income $45,458 $-725,613 -1.1%
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

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Governance

Voting Members
10
Independent Members
9
Employees
39
Volunteers
10

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
6
$1,630,998
Total Directors
11
$972,664
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TORSTEN HIRCHE PRESIDENT & CEO 1.00
Officer Director
$0 $27,682 $972,664
MICHAEL CONNELL TREASURER & CFO 1.00
Officer
$0 $20,998 $552,884
JOHN JAY WOOLFORD EXECUTIVE DIRECTOR (THROUGH FEB '22) 40.00
Highest
$268,452 $27,574 $296,026
KAREN LUCAS EXECUTIVE DIRECTOR 14.00
Highest
$245,957 $48,666 $294,623
ERIC KNUDSON DIRECTOR OF MARKETING & COMMUNICATIONS 0.00
Highest
$170,404 $20,440 $190,844
MARIAH WESTON DIRECTOR OF RESIDENT SERVICES 40.00
Highest
$118,755 $25,232 $143,987
MICHELLE LUKE SECRETARY 1.00
Officer
$0 $5,100 $105,450
SCOTT LUMSDEN CHAIR & DIRECTOR 0.10
Officer Director
$0 $0 $0
MARY WAGNER VICE CHAIR & CHAIR 0.10
Officer Director
$0 $0 $0
JESSE BOND DIRECTOR & VICE CHAIR 0.10
Officer Director
$0 $0 $0
BARB BENNETT DIRECTOR 0.10
Director
$0 $0 $0
CATHY DANIGELIS DIRECTOR 0.10
Director
$0 $0 $0
JOHN IWANSKI DIRECTOR (THROUGH OCTOBER 2022) 0.10
Director
$0 $0 $0
JIM MELHORN DIRECTOR 0.10
Director
$0 $0 $0
KARIN MILLER DIRECTOR 0.10
Director
$0 $0 $0
LISA NELSON DIRECTOR 0.10
Director
$0 $0 $0
GREG RUSSELL DIRECTOR 0.10
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
2023 $1,959,803 $1,914,345 $381,407 $45,458
2022 $2,245,771 $2,971,384 $590,284 $-725,613
2021 $3,936,102 $3,465,817 $1,123,064 $470,285
2020 $2,116,032 $1,983,122 $219,226 $132,910
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