Mead SPL Site Custodial Trust

EIN: 756731995 501(c)(3) Environment

Olympia, WA

Total Revenue
$34,466
Total Expenses
$95,728
Total Assets
$2,326,398
Net Assets
$2,326,398
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
WA
Principal Officer
Daniel J Silver
Phone
3607549343
Tax Period
2023-01-01 to 2023-12-31

Mead SPL Site Custodial Trust, founded in 2004, is a micro nonprofit in the Environment sector that reported $34K in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $96K exceeded revenue, resulting in a 178% operating deficit.

Mission

THIS CUSTODIAL TRUST WAS CREATED BY THE AUGUST 2004 CONSENT DECREE THAT REQUIRED KAISER ALUMINUM CORPORATION TO FUND THE TRUST FOR THE EXCLUSIVE USE BY THE WASHINGTON STATE DEPARTMENT OF ECOLOGY AND THE US ENVIRONMENTAL PROTECTION AGENCY TO REMEDIATE THE RELEASE OF HAZARDOUS SUBSTANCES FROM A HIGHLY CONTAMINATED DUMP SITE.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

THE TRUST WILL CONTINUE TO FUND REMEDIAL ACTION IN ACCORDANCE WITH THE TRUST AGREEMENT AND IN CONSULTATION WITH AND AT THE DIRECTION AND SUPERVISION OF THE WASHINGTON STATE DEPARTMENT OF ECOLOGY AND...

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THE TRUST WILL CONTINUE TO FUND REMEDIAL ACTION IN ACCORDANCE WITH THE TRUST AGREEMENT AND IN CONSULTATION WITH AND AT THE DIRECTION AND SUPERVISION OF THE WASHINGTON STATE DEPARTMENT OF ECOLOGY AND THE UNITED STATES ENVIRONMENTAL PROTECTION AGENCY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $34,466
Other Revenue $0
TOTAL REVENUE $34,466

Expense Breakdown

Grants Paid $0
Salaries & Benefits $27,826
Fundraising Expenses $0
Program Expenses $0
Other Expenses $67,902
TOTAL EXPENSES $95,728

Year-over-Year Comparison

2023 2022 Change
Revenue $34,466 $73,237 -0.5%
Expenses $95,728 $106,729 -0.1%
Net Income $-61,262 $-33,492 +0.8%
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
1
Independent Members
1
Employees
N/A
Volunteers
N/A

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
1
$27,826
Total Directors
1
$27,826
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Daniel J Silver TRUSTEE 3.0
Officer Director
$27,826 $0 $27,826
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 No data No data No data No data
2024 No data No data No data No data
2023 $34,466 $95,728 $2,326,398 $-61,262
2022 $73,237 $106,729 $2,197,587 $-33,492
2021 $151,664 $161,866 $2,604,084 $-10,202
2020 $17,017 $153,602 $2,578,308 $-136,585
2019 $43,170 $86,095 $2,563,235 $-42,925
2018 $433,522 $127,459 $2,383,428 $306,063
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