SEIU INITIATIVE FUND (EIN 823721872) - 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

2018

Legal Domicile

Principal Officer

ZENIA JAVALERA

Phone

2064410202

Tax Period

2024-01-01 to 2024-12-31

SEIU INITIATIVE FUND, founded in 2018, is a small nonprofit that reported $713K in total revenue in fiscal year 2024. Revenue surged 322% from the prior year, signaling strong growth momentum. Expenses of $943K exceeded revenue, resulting in a 32% operating deficit.

Mission

THE OBJECTIVES OF THE FUND SHALL BE TO PROMOTE SOCIAL WELFARE BY ADVOCATING FOR THE PASSAGE OR DEFEAT OF WASHINGTON STATE BALLOT INITIATIVES, AS WELL AS LOCAL INITIATIVES OR LEVIES, IN WAYS THAT ARE CONSISTENT WITH THE MISSION OF SEIU WASHINGTON STATE COUNCIL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $713,497

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $713,497

Expense Breakdown

Grants Paid $935,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $935,000

Other Expenses $8,286

TOTAL EXPENSES $943,286

Year-over-Year Comparison

	2024	2023	Change
Revenue	$713,497	$169,212	+3.2%
Expenses	$943,286	$201,667	+3.7%
Net Income	$-229,789	$-32,455	+6.1%

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

Governance

Voting Members

Independent Members

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

$213,189

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STERLING HARDERS	BOARD CHAIR (JUNE-DECEMBER)	1.00	Officer Director	$0	$0	$0
JANE HOPKINS	BOARD CHAIR (JANUARY-JUNE)	1.00	Officer Director	$0	$0	$0
PATRICIA SCHROEDER	DIRECTOR	1.00	Director	$0	$0	$0
MEG NIEMI	DIRECTOR	1.00	Director	$0	$0	$0
ZENIA JAVALERA	DIRECTOR	1.00	Director	$0	$0	$0
CHARLOTTE SCHINDLER	DIRECTOR (JANUARY-AUGUST 2024)	1.00	Director	$0	$0	$0
MARISA SZEPS	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER CHRISTIANSON	DIRECTOR (SEPTEMBER-DECEMBER 2024)	1.00	Director	$0	$0	$0
JOAN JONES	EXECUTIVE DIRECTOR	2.00	Officer	$0	$23,059	$99,106
TORII UYEHARA	DIRECTOR OF FIN., COMPLIAN	2.00	Officer	$0	$30,285	$114,083

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	$713,497	$943,286	$3,696	$-229,789
2023	$169,212	$201,667	$233,485	$-32,455
2022	$175,284	$62,693	$265,940	$112,591
2021	$204,467	$53,446	$153,349	$151,021
2020	$46,024	$143,670	$2,328	$-97,646
2019	$191,482	$174,761	$99,974	$16,721
2018	$332,784	$249,531	$83,253	$83,253

SEIU INITIATIVE FUND