HISTORICAL SOCIETY OF SEATTLE & KING COUNTY (EIN 910513034) - 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

1914

Legal Domicile

Principal Officer

LEONARD GARFIELD

Phone

2063241126

Tax Period

2023-01-01 to 2023-12-31

HISTORICAL SOCIETY OF SEATTLE & KING COUNTY, founded in 1914, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.1M in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $8.2M exceeded revenue, resulting in a 34% operating deficit.

Mission

OPERATE MUSEUM OF HISTORY AND INDUSTRY AND PRESENT INNOVATIVE EDUCATIONAL PROGRAMS.

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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 $3,612,640

Program Service Revenue $1,133,751

Investment Income $1,362,628

Other Revenue $17,411

TOTAL REVENUE $6,126,430

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,133,327

Fundraising Expenses $772,769

Program Expenses $5,946,060

Other Expenses $4,025,514

TOTAL EXPENSES $8,183,696

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,126,430	$15,718,441	-0.6%
Expenses	$8,183,696	$8,709,896	-0.1%
Net Income	$-2,057,266	$7,008,545	-1.3%

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

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

$400,976

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEONARD GARFIELD	EXECUTIVE DIRECTOR	40.00	Officer	$196,706	$16,150	$212,856
STEPHEN YAMAMOTO	DIRECTOR OF FINANCE	40.00	Officer	$172,783	$15,337	$188,120
JACKIE DURBIN	CHIEF ADVANCEMENT OFFICER	40.00	Highest	$128,737	$14,165	$142,902
JIM BRINKMAN	CONTROLLER	40.00	Highest	$102,330	$12,872	$115,202
AMY ZIMERMAN	DIRECTOR OF PEOPLE AND CULTURE	40.00	Highest	$100,791	$12,541	$113,332
MIKE STANLEY	PRESIDENT	3.00	Officer Director	$0	$0	$0
BEN STRALEY	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
MAREN HIGBEE	SECRETARY	3.00	Officer Director	$0	$0	$0
BOB MOSER	TREASURER	3.00	Officer Director	$0	$0	$0
MARIA DENNY	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
ROGER BASS	TRUSTEE	1.00	Director	$0	$0	$0
HARALD BECKER	TRUSTEE	1.00	Director	$0	$0	$0
JON BRIDGE	TRUSTEE	1.00	Director	$0	$0	$0
PAULY CABELLON	TRUSTEE	1.00	Director	$0	$0	$0
STEPH CHEUNG	TRUSTEE	1.00	Director	$0	$0	$0
KATIE D'AMATO	TRUSTEE	1.00	Director	$0	$0	$0
MAUREEN FRISCH	TRUSTEE	1.00	Director	$0	$0	$0
RED GODFREY	TRUSTEE	1.00	Director	$0	$0	$0
JOHN HOGAN	TRUSTEE	1.00	Director	$0	$0	$0
FRANK IMMEL	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
WARREN KING GEORGE	TRUSTEE	1.00	Director	$0	$0	$0
MARK KOTZER	TRUSTEE	1.00	Director	$0	$0	$0
HILARY LANEY	TRUSTEE	1.00	Director	$0	$0	$0
ANA PINTO DA SILVA	TRUSTEE	1.00	Director	$0	$0	$0
LAWRENCE PITRE	TRUSTEE	1.00	Director	$0	$0	$0
BETH RUTHERFORD	TRUSTEE	1.00	Director	$0	$0	$0
RACHEL SHREWSBURY	TRUSTEE	1.00	Director	$0	$0	$0
MIKE SINNETT	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS VOORHEES	TRUSTEE	1.00	Director	$0	$0	$0
JEFF WOLFORD	TRUSTEE	1.00	Director	$0	$0	$0
CURTIS WONG	TRUSTEE	1.00	Director	$0	$0	$0
STEPHANIE JOHNSON-TOLIVER	EX OFFICIO	1.00	Director	$0	$0	$0
JOHN WATERHOUSE	EX OFFICIO	1.00	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	$6,126,430	$8,183,696	$67,679,790	$-2,057,266
2022	$15,718,441	$8,709,896	$66,937,048	$7,008,545
2021	$5,162,705	$8,057,095	$65,125,206	$-2,894,390
2020	$3,727,106	$6,796,640	$64,812,300	$-3,069,534
2019	$4,831,557	$8,302,358	$65,031,169	$-3,470,801
2018	$5,190,831	$8,511,772	$64,605,001	$-3,320,941

HISTORICAL SOCIETY OF SEATTLE & KING COUNTY