SEATTLE COLLEGES FOUNDATION (EIN 830551671) - 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

Phone

2069343057

Tax Period

2024-07-01 to 2025-06-30

SEATTLE COLLEGES FOUNDATION, founded in 2018, is a community nonprofit in the Education sector that reported $5.5M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $8.4M exceeded revenue, resulting in a 53% operating deficit.

Mission

WE CATALYZE COMMUNITY SUPPORT TO ADVANCE THE MISSION, WORK AND IMPACT OF SEATTLE COLLEGES.

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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 $3,879,157

Program Service Revenue $0

Investment Income $1,596,496

Other Revenue $0

TOTAL REVENUE $5,475,653

Expense Breakdown

Grants Paid $4,394,058

Salaries & Benefits $0

Fundraising Expenses $556,416

Program Expenses $7,445,863

Other Expenses $3,972,159

TOTAL EXPENSES $8,366,217

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,475,653	$7,290,775	-0.2%
Expenses	$8,366,217	$7,131,471	+0.2%
Net Income	$-2,890,564	$159,304	-19.1%

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

250

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

$577,915

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON FINE	CHAIR, EXEC. PAST CHAIR, DEV. CHAIR	3.0	Officer Director	$0	$0	$0
MARK DAWSON	TREASURER, FINANCE CHAIR	3.0	Officer Director	$0	$0	$0
RAHIM RAJAN	Vice Chair	3.0	Officer Director	$0	$0	$0
SARAH JANE GUNTER	SECRETARY	3.0	Officer Director	$0	$0	$0
STEVE HILL	CHAIR	3.0	Officer Director	$0	$0	$0
WILL RANCE	GOVERNANCE CHAIR	3.0	Officer Director	$0	$0	$0
ARACELY GODINEZ	DIRECTOR	1.0	Director	$0	$0	$0
BARBARA DINGFIELD	DIRECTOR	1.0	Director	$0	$0	$0
FRED RIVERA	DIRECTOR	1.0	Director	$0	$0	$0
LAUREN MCGOWAN	DIRECTOR	1.0	Director	$0	$0	$0
MARC MORA	DIRECTOR	1.0	Director	$0	$0	$0
MARK GLEASON	DIRECTOR	1.0	Director	$0	$0	$0
MIKE HUGHES	DIRECTOR	1.0	Director	$0	$0	$0
RICK LOCKE	DIRECTOR	1.0	Director	$0	$0	$0
RICK DAVIS	DIRECTOR	1.0	Director	$0	$0	$0
SANDRA MADRID	DIRECTOR	1.0	Director	$0	$0	$0
SCOTT MEDEN	DIRECTOR	1.0	Director	$0	$0	$0
SHIAO-YEN WU	DIRECTOR	1.0	Director	$0	$0	$0
TIM HOWELL	DIRECTOR	1.0	Director	$0	$0	$0
KERRY HOWELL	CHIEF EXECUTIVE OFFICER	40.0	Officer	$223,867	$18,055	$241,922
MICHAEL BENEKE	DIRECTOR OF COMMUNICATIONS	40.0	Officer	$144,931	$15,117	$160,048
TRACI RUSSELL	EXECUTIVE DIRECTOR	36.0	Officer	$142,068	$33,877	$175,945
Joey MCLEMORE	Controller	40.0	Highest	$125,028	$15,851	$140,879
NICK PENNINGTON	ED OF FINANCE AND ADMIN	40.0	Highest	$141,623	$22,494	$164,117

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	$5,475,653	$8,366,217	$51,307,609	$-2,890,564
2024	$7,290,775	$7,131,471	$49,957,100	$159,304
2023	$10,086,736	$5,623,197	$46,195,749	$4,463,539
2022	$8,381,764	$3,194,974	$39,190,214	$5,186,790
2021	$7,252,999	$2,155,345	$39,190,502	$5,097,654
2020	$5,196,384	$2,370,768	$28,531,003	$2,825,616
2019	$4,294,960	$1,442,297	$25,244,400	$2,852,663

SEATTLE COLLEGES FOUNDATION