ISLAND TREASURE FOUNDATION (EIN 824494544) - 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

CYNTHIA L SEARS

Phone

4252500051

Tax Period

2022-07-01 to 2023-06-30

ISLAND TREASURE FOUNDATION, founded in 2018, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $79K in total revenue in fiscal year 2022. The organization ran a surplus of $66K, a strong 83% operating margin.

Mission

THE ISLAND TREASURE AWARDS HONOR EXCELLENCE IN THE ARTS AND/OR HUMANITIES, AND ARE PRESENTED ANNUALLY TO INDIVIDUALS WHO HAVE MADE OUTSTANDING CONTRIBUTIONS IN THE ARTS AND HUMANITIES OR HAVE BEEN A LEADER OF EFFORTS THAT HAVE BENEFITTED OUR CULTURAL COMMUNITY. THE AWARD IS A COMMUNITY-BASED PROGRAM INTENDED TO IDENTIFY AND CONSIDER CREATIVE INDIVIDUALS WHO ARE LIVING ON BAINBRIDGE ISLAND OR WHOSE PRINCIPAL WORK IS BASED ON BAINBRIDGE ISLAND, AND HAVE DISPLAYED AN ONGOING COMMITMENT TO THEIR CHOSEN FIELD.

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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 (2022)

Revenue Breakdown

Contributions & Grants $79,375

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $79,375

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,776

Other Expenses $13,570

TOTAL EXPENSES $13,570

Year-over-Year Comparison

	2022	2021	Change
Revenue	$79,375	N/A	N/A
Expenses	$13,570	$12,382	+0.1%
Net Income	$65,805	$-12,382	-6.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA L SEARS	PRESIDENT	5.00	Officer Director	$0	$0	$0
CLAUDIA ANDERSON	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
HIDD VAN DUYM	SECRETARY	5.00	Officer Director	$0	$0	$0
ELLEN BUSH	TREASURER	5.00	Officer 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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$79,375	$13,570	$71,843	$65,805
2022	No data	$12,382	$4,541	No data
2021	$15,000	$8,625	$16,033	$6,375
2020	$34,741	$38,402	$10,230	$-3,661
2019	$34,881	$45,557	$15,999	$-10,676

ISLAND TREASURE FOUNDATION