CULTIVATE SOUTH PARK

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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

Crystal Brown

Phone

2069633102

Tax Period

2023-01-01 to 2023-12-31

CULTIVATE SOUTH PARK, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $671K in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $609K left a modest 9% surplus.

Mission

Grassroot community non-profit in Seattle Washington's South Park neighborhood.

Program Service Accomplishments

Program 1

Expenses: $456,680 Revenue: $0

Cultivate South Park operates food security, arts & culture, equitable and economic development through programming and events and events in the South Park community. Instead of a typical food bank, we host a Latin-style market and food bank attractively arranged like a retail store where we serve over 200 families each month. Working with the City of Seattle and the Cultural Space Agency, we purchased a 32,000 sq. ft. multi-use commercial building. "El Barrio" features a historic event space, a teaching space, apartments, restaurants, and small retail establishments. El Barrio hosts community programs centering youth, the environment, arts, job skills and health/wellness. Our programs grow youth leadership and develop job skills in a poor neighborhood where few youth jobs are available. In 2024, Cultivate supported over 70 small businesses and over 5,000 individuals through programming and events.

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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 $668,985

Program Service Revenue $0

Investment Income $33

Other Revenue $1,786

TOTAL REVENUE $670,804

Expense Breakdown

Grants Paid $0

Salaries & Benefits $315,930

Fundraising Expenses $60,891

Program Expenses $456,680

Other Expenses $292,977

TOTAL EXPENSES $608,907

Year-over-Year Comparison

	2023	2022	Change
Revenue	$670,804	$439,647	+0.5%
Expenses	$608,907	$523,278	+0.2%
Net Income	$61,897	$-83,631	-1.7%

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
Rob Coburn	President	2	Officer Director	$0	$0	$0
Khyree Smith	Treasurer	0.25	Officer Director	$0	$0	$0
Renato Foz	Board Member	0.25	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	$670,804	$608,907	$41,585	$61,897
2023	No data	No data	No data	No data
2022	$439,647	$523,278	$-21,097	$-83,631
2021	$205,607	$213,650	$52,354	$-8,043