MULLEN-POLK FOUNDATION

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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

2015

Legal Domicile

Principal Officer

LINDA WEEMS

Phone

2532502886

Tax Period

2023-01-01 to 2023-12-31

MULLEN-POLK FOUNDATION, founded in 2015, is a community nonprofit in the Human Services sector that reported $3.8M in total revenue in fiscal year 2023. Revenue surged 177% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 45% operating margin.

Mission

TO PROVIDE SERVICES AND ADVOCACY FOR, AND ON BEHALF OF, CHILDREN AND THEIR FAMILIES WHO ARE AT RISK OF INVOLVEMENT, OR ARE ALREADY INVOLVED, WITH THE CHILD WELFARE SYSTEM IN THE STATE OF WASHINGTON.

Program Service Accomplishments

Program 1

Expenses: $1,058,469

QUALIFIED RESIDENTIAL TREATMENT PROGRAM: DURING 2023, MULLEN-POLK FOUNDATION CONTINUED OPERATING THE QUALIFIED RESIDENTIAL TREATMENT PROGRAM, "OUR NEXT GENERATION," A PRIVATE FACILITY, TO ACCOMODATE THE NEEDS OF YOUNG PEOPLE WHO HAVE BEEN RECOGNIZED AS MODERATE TO HIGH RISK FOR BEHAVIORAL AND EMOTIONAL HEALTH ISSUES, INCLUDING MENTAL HEALTH DISTURBNCE AND DEVELOPMENTAL DISABILITIES. SERVICES OFFERED BY OUR NEXT GENERATION INCLUDED: THERAPEUTIC, GROUP AND INDIVIDUAL COUNSELING, CRISIS INTERVENTION, EDUCATIONAL PROGRAMMING, CHOICES (ANGER MANAGEMENT) AND CHEMICAL DEPENDENCY AWARENESS, AND IF APPLICABLE; NARCOTICS ANONYMOUS AND/OR ALCOHOLICS ANONYMOUS. OUR NEXT GENERATION STAFF RESIDENTIAL HOME SERVED 11 YOUTH AGES 12-17 DURING 2023.

Program 2

Expenses: $387,313

CHILD PLACING AGENCY: DURING 2023, THE MULLEN-POLK FOUNDATION CONTINUED TO PROVIDE OUR LICENSED FOSTER AND ADOPTIVE FAMILIES WITH THE TRAINING, TOOLS, AND COMPASSIONATE SUPPORT NEEDED, TO GIVE EACH CHILD IN THEIR CARE EVERY CHANCE TO SUCCEED. MULLEN-POLK FOUNDATION IS LICENSED BY THE STATE OF WASHINGTON AS A CHILD PLACING AGENCY FOR FAMILY FOSTER CARE, THERAPEUTIC FOSTER CARE, AND ADOPTIONS. DURING 2023, THE MULLEN POLK FOUNDATION PROVIDED RECRUITMENT, TRAINING, LICENSING, PLACEMENT, CASE MANAGEMENT AND ADOPTION SERVICES FOR 12 FOSTER YOUTH.

Program 3

Expenses: $267,048

FAMILY RESOURCE CENTER: DURING 2023, THE MULLEN-POLK FOUNDATION'S FAMILY RESOURCE CENTER SUPPORTED FAMILIES AND INDIVIDUALS IN THE COMMUNITY WITH ASSISTANCE OBTAINING HYGIENE SUPPLIES, HOUSING AND...

FAMILY RESOURCE CENTER: DURING 2023, THE MULLEN-POLK FOUNDATION'S FAMILY RESOURCE CENTER SUPPORTED FAMILIES AND INDIVIDUALS IN THE COMMUNITY WITH ASSISTANCE OBTAINING HYGIENE SUPPLIES, HOUSING AND TRANSPORTATION, CONNECTING INDIVIDUALS WITH FOOD BANKS, SNAP & TANF, HEALTH SERVICES, MENTAL HEALTH SERVICES, AND OTHER IMMEDIATE NEEDS. DURING 2023, THE FAMILY RESOURCE CENTER PROVIDED SUPPORT TO APPROXIMATELY 100 INDIVIDUALS AND 200 FAMILIES, OF WHICH ABOUT 80 FAMILIES RECEIVED ASSISTANCE WITH HOUSING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,766,279

Program Service Revenue $0

Investment Income $-1,379

Other Revenue $0

TOTAL REVENUE $3,764,900

Expense Breakdown

Grants Paid $1,031

Salaries & Benefits $1,045,075

Fundraising Expenses $3,428

Program Expenses $1,712,830

Other Expenses $1,016,937

TOTAL EXPENSES $2,063,043

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,764,900	$1,358,447	+1.8%
Expenses	$2,063,043	$1,233,002	+0.7%
Net Income	$1,701,857	$125,445	+12.6%

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

$183,712

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAYKO DIAZ	TREASURER & BOARD MEMBER	1.00	Officer Director	$0	$0	$0
ANNIE BANCEU	SECRETARY & BOARD MEMBER	1.00	Officer Director	$0	$0	$0
JESSICA BOLDT	BOARD MEMBER	1.00	Director	$0	$0	$0
KIANTE GRIFFIN	BOARD MEMBER	1.00	Director	$0	$0	$0
EBONY MACKEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JHAIZMINE SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
SELINA SORGEL	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA WEEMS	EXECUTIVE DIRECTOR	55.00	Officer	$174,000	$9,712	$183,712

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	No data	No data	No data	No data
2023	$3,764,900	$2,063,043	$7,029,304	$1,701,857
2022	$1,358,447	$1,233,002	$1,423,022	$125,445
2021	$1,132,224	$934,360	$497,012	$197,864
2020	$903,294	$906,983	$199,792	$-3,689
2019	$670,300	$671,800	$53,600	$-1,500