SEATTLE FIRST FOUNDATION (EIN 852777558) - 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

2020

Legal Domicile

Principal Officer

WILLIAM LONGBRAKE

Phone

2067578254

Tax Period

2023-01-01 to 2023-12-31

SEATTLE FIRST FOUNDATION, founded in 2020, is a micro nonprofit in the Religion sector that reported $184 in total revenue in fiscal year 2023. Revenue surged 183% from the prior year, signaling strong growth momentum. The organization ran a surplus of $80, a strong 43% operating margin.

Mission

THE CORPORATION SHALL OPERATE EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, EDUCATIONAL, LITERARY, OR SCIENTIFIC PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE") OR ANY SUCCESSOR PROVISION. SPECIFICALLY, THE CORPORATION SHALL CONDUCT OR SUPPORT ACTIVITIES EXCLUSIVELY FOR THE BENEFIT OF OR TO CARRY OUT THE PURPOSES OF THE FIRST PRESBYTERIAN CHURCH OF SEATTLE (THE "CHURCH"), A WASHINGTON NON-PROFIT CORPORATION, WITHIN THE MEANING OF SECTION 509(A)(3) OF THE CODE, FOR SO LONG AS THE CHURCH SHALL BE IN EXISTENCE AND QUALIFIED AS AN ORGANIZATION DESCRIBED IN 501(C)(3) AND SECTION 509(A)(1) OR 509(A)(2) OF THE CODE, OR ANY SUCCESSOR PROVISIONS, SPECIFICALLY INCLUDING BUT NOT LIMITED TO FURTHERING CHRISTIAN MINISTRY, EDUCATION AND HUMANITARIAN ACTIVITIES, EITHER WITHIN FOR OUTSIDE WASHINGTON STATE.

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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 $0

Program Service Revenue $0

Investment Income $184

Other Revenue $0

TOTAL REVENUE $184

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $104

Other Expenses $104

TOTAL EXPENSES $104

Year-over-Year Comparison

	2023	2022	Change
Revenue	$184	$65	+1.8%
Expenses	$104	$1,478	-0.9%
Net Income	$80	$-1,413	-1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM LONGBRAKE	PRESIDENT & DIRECTOR	2.00	Officer Director	$0	$0	$0
JP KANG	VICE PRESIDENT & DIRECTOR	2.00	Officer Director	$0	$0	$0
ROBERT WALLACE	TREASURER & DIRECTOR	2.00	Officer Director	$0	$0	$0
HEIDI HUSTED ARMSTRONG	DIRECTOR	2.00	Director	$0	$0	$0
WILL MASON	SECRETARY & DIRECTOR	2.00	Officer Director	$0	$0	$0
BEN MCCONAUGHY	DIRECTOR	2.00	Director	$0	$0	$0
BECKI BARNETT	DIRECTOR	2.00	Director	$0	$0	$0
LESLIE FERRELL	DIRECTOR	2.00	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	$184	$104	$36,892	$80
2022	$65	$1,478	$36,812	$-1,413
2021	$50,007	$11,782	$38,225	$38,225
2020	No data	No data	No data	No data

SEATTLE FIRST FOUNDATION