FROLIC INSTITUTE

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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

2021

Legal Domicile

Principal Officer

JOSHUA MORRISON

Phone

9492758101

Tax Period

2025-01-01 to 2025-12-31

FROLIC INSTITUTE, founded in 2021, is a small nonprofit in the Housing & Shelter sector that reported $635K in total revenue in fiscal year 2025. Revenue surged 4784% from the prior year, signaling strong growth momentum. The organization ran a surplus of $213K, a strong 34% operating margin.

Mission

TO SUPPORT THE DEVELOPMENT OF AFFORDABLE COOPERATIVE HOUSING IN SEATTLE AND OTHER COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $402,933 Revenue: $0

TO SUPPORT THE DEVELOPMENT OF AFFORDABLE COOPERATIVE HOUSING IN SEATTLE AND OTHER COMMUNITIES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $630,116

Program Service Revenue $0

Investment Income $4,972

Other Revenue $0

TOTAL REVENUE $635,088

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $402,933

Other Expenses $421,968

TOTAL EXPENSES $421,968

Year-over-Year Comparison

	2025	2024	Change
Revenue	$635,088	$13,003	+47.8%
Expenses	$421,968	$63,526	+5.6%
Net Income	$213,120	$-50,523	-5.2%

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
JOSHUA MORRISON	PRESIDENT	2.00	Officer Director	$0	$0	$0
TAMARA KNOX	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
2025	$635,088	$421,968	$235,692	$213,120
2022	$230,321	$1,406	$228,915	$228,915