Green River College Foundation

EIN: 510168649 501(c)(3) Education

Auburn, WA

Total Revenue
$5,540,399
Total Expenses
$4,261,813
Total Assets
$42,131,890
Net Assets
$31,591,963
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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
1975
Legal Domicile
WA
Phone
2538339111
Tax Period
2024-07-01 to 2025-06-30

Green River College Foundation, founded in 1975, is a community nonprofit in the Education sector that reported $5.5M in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.3M, a strong 23% operating margin.

Mission

GREEN RIVER COLLEGE FOUNDATION (GRCF) PROVIDES RESOURCES TO ASSIST GREEN RIVER COLLEGE IN ACHIEVING EDUCATIONAL EXCELLENCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,049,906
Program Service Revenue $3,502,076
Investment Income $869,320
Other Revenue $119,097
TOTAL REVENUE $5,540,399

Expense Breakdown

Grants Paid $974,589
Salaries & Benefits $685,461
Fundraising Expenses $223,968
Program Expenses $3,834,025
Other Expenses $2,601,763
TOTAL EXPENSES $4,261,813

Year-over-Year Comparison

2024 2023 Change
Revenue $5,540,399 $9,600,714 -0.4%
Expenses $4,261,813 $4,852,109 -0.1%
Net Income $1,278,586 $4,748,605 -0.7%
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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Governance

Voting Members
28
Independent Members
23
Employees
N/A
Volunteers
85

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
4
$735,431
Total Directors
30
$1,497,004
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GAIL SPURRELL First Vice President 1.0
Officer Director
$0 $0 $0
GEORGE FRASIER EXECUTIVE DIRECTOR 1.0
Officer Director
$0 $40,351 $206,721
SHIRLEY BEAN TREASURER (THRU 01/31/2025) 1.0
Officer Director
$0 $30,561 $148,564
SUZANNE JOHNSON 2ND VICE PRESIDENT 1.0
Officer Director
$0 $55,703 $380,146
ADRIANA CRUSON DIRECTOR 1.0
Director
$0 $13,643 $155,865
AWALE FARAH DIRECTOR 1.0
Director
$0 $0 $0
BINOY VARUGHESE DIRECTOR 1.0
Director
$0 $0 $0
BRENT SWEARINGEN DIRECTOR 1.0
Director
$0 $0 $0
BRITNEE DOLCE DIRECTOR 1.0
Director
$0 $0 $0
BRUCE DEJONG DIRECTOR 1.0
Director
$0 $0 $0
CANDICE MIHAILA DIRECTOR (AS OF 04/01/2025) 1.0
Director
$0 $34,305 $219,939
CHARLENE GRINOLDS DIRECTOR 1.0
Director
$0 $0 $0
CISCO MALPARITDA SMITH DIRECTOR 1.0
Director
$0 $0 $0
DAVE POULIOT DIRECTOR 1.0
Director
$0 $0 $0
DEBORAH CASEY-POWELL DIRECTOR 1.0
Director
$0 $0 $0
ERIC GREER DIRECTOR 1.0
Director
$0 $24,139 $187,444
FRANK RASMUSSEN Secretary (THRU 08/31/2024) 1.0
Director
$0 $0 $0
JAMIE FITZGERALD DIRECTOR 1.0
Director
$0 $25,655 $198,325
JASON NELSON DIRECTOR 1.0
Director
$0 $0 $0
JIM ROTTLE DIRECTOR 1.0
Director
$0 $0 $0
JIM TANASSE Past President 1.0
Director
$0 $0 $0
JOHN SCHNEIDER DIRECTOR 1.0
Director
$0 $0 $0
KIM SECORD WALLEY DIRECTOR 1.0
Director
$0 $0 $0
LISA STIRGUS DIRECTOR 1.0
Director
$0 $0 $0
MARY BETH SHEEHAN PRESIDENT 1.0
Director
$0 $0 $0
MATT MAURY DIRECTOR 1.0
Director
$0 $0 $0
NANCY COLSON DIRECTOR 1.0
Director
$0 $0 $0
ROBERT FILSON DIRECTOR 1.0
Director
$0 $0 $0
ROSIE RAY DIRECTOR (AS OF 04/01/2025) 1.0
Director
$0 $0 $0
TRACY TAYLOR-TURNER DIRECTOR (AS OF 10/01/2024) 1.0
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
2025 $5,540,399 $4,261,813 $42,131,890 $1,278,586
2024 $9,600,714 $4,852,109 $38,094,537 $4,748,605
2023 $6,363,737 $4,139,117 $34,670,163 $2,224,620
2022 $5,363,437 $3,799,382 $33,090,085 $1,564,055
2021 $4,351,003 $3,364,911 $36,981,286 $986,092
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