SEATTLE SCIENCE FOUNDATION (EIN 611502822) - 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

GREG HOFFMAN

Phone

2067326500

Tax Period

2023-01-01 to 2023-12-31

SEATTLE SCIENCE FOUNDATION, founded in 2006, is a community nonprofit in the Medical Research sector that reported $2.5M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $3.0M exceeded revenue, resulting in a 21% operating deficit.

Mission

MEDICAL EDUCATION, RESEARCH, INNOVATION AND TECHNOLOGY BASED IN SEATTLE, WASHINGTON.

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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 $1,224,274

Program Service Revenue $1,171,320

Investment Income $10,402

Other Revenue $45,072

TOTAL REVENUE $2,451,068

Expense Breakdown

Grants Paid $0

Salaries & Benefits $857,063

Fundraising Expenses $0

Program Expenses $2,043,577

Other Expenses $2,120,677

TOTAL EXPENSES $2,977,740

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,451,068	$2,616,778	-0.1%
Expenses	$2,977,740	$2,822,555	+0.1%
Net Income	$-526,672	$-205,777	+1.6%

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

N/A

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

$11,528,969

Total Directors

$7,886,206

Key Employees

$291,353

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GUY HUDSON MD	DIRECTOR	0.50	Director	$0	$39,652	$6,195,258
GREG HOFFMAN	PRESIDENT	0.50	Officer	$0	$334,955	$3,539,549
JO ANN ESCASA-HAIGH	EVP/ASSISTANT TREASURER	0.50	Officer	$0	$10,754	$3,302,551
ANNA NEWSOM	SECRETARY	1.00	Officer	$0	$412,545	$2,329,749
ROD OSKOUIAN MD	BOARD PRESIDENT AND CEO	1.00	Officer Director	$0	$116,104	$1,690,948
BETSY VO	ASSISTANT SECRETARY	1.00	Officer	$0	$92,726	$666,172
JOHN WHIPPLE	FRMR SECRETARY	0.00		$0	$0	$541,701
ALEXIS TAKASUMI-WEST	CHIEF OPERATING OFFICER	55.00	Key Emp	$275,000	$16,353	$291,353
LINDA SAHLIN	DIRECTOR - EDUCATION	50.00	Highest	$143,004	$12,376	$155,380
GARY HOLLEY	LAB MANAGER	50.00	Highest	$113,581	$11,494	$125,075
DAVID SABEY	BOARD CHAIR	1.00	Director	$0	$0	$0
JOE SABEY	DIRECTOR	0.50	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	No data	No data	No data	No data
2023	$2,451,068	$2,977,740	$3,099,199	$-526,672
2022	$2,616,778	$2,822,555	$3,643,216	$-205,777
2021	$2,724,723	$2,900,968	$3,795,510	$-176,245
2020	$2,143,774	$2,573,121	$3,967,786	$-429,347
2019	$3,751,024	$3,591,646	$4,510,770	$159,378
2018	$4,757,409	$3,812,674	$4,339,030	$944,735

SEATTLE SCIENCE FOUNDATION