CAROLINE KLINE GALLAND TESTAMENTARY TRUST

EIN: 910567729 501(c)(3)

SEATTLE, WA

Total Revenue
$148,397
Total Expenses
$147,368
Total Assets
$3,180,562
Net Assets
$3,180,562
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1944
Legal Domicile
WA
Principal Officer
JEFFREY COHEN
Phone
2067258800
Tax Period
2023-01-01 to 2023-12-31

CAROLINE KLINE GALLAND TESTAMENTARY TRUST, founded in 1944, is a small nonprofit that reported $148K in total revenue in fiscal year 2023. Revenue surged 63% from the prior year, signaling strong growth momentum. Net assets of $3.2M represent 257 months of operating reserves.

Mission

CAROLINE KLINE GALLAND TESTAMENTARY TRUST WAS FORMED TO FURTHER THE CHARITABLE PURPOSES OF THE KLINE GALLAND CENTER AND AFFILIATES.

Program Service Accomplishments

Program 1
Expenses: $132,000

THE TRUST DISTRIBUTES ITS INCOME TO CAROLINE KLINE GALLAND HOME, PURSUANT TO THE TRUST AGREEMENT.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $148,397
Other Revenue $0
TOTAL REVENUE $148,397

Expense Breakdown

Grants Paid $132,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $132,000
Other Expenses $15,368
TOTAL EXPENSES $147,368

Year-over-Year Comparison

2023 2022 Change
Revenue $148,397 $91,142 +0.6%
Expenses $147,368 $146,497 +0.0%
Net Income $1,029 $-55,355 -1.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
25
Independent Members
25
Employees
N/A
Volunteers
25

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
7
$1,388,671
Total Directors
26
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KLINE GALLAND CENTER INSTITUTIONAL TRUSTEE 0.00
Director
$0 $0 $0
JEFF COHEN CHIEF EXECUTIVE OFFICER 0.40
Officer
$0 $63,010 $858,352
TRACEY GROSCOST CHIEF FINANCIAL OFFICER 0.40
Officer
$0 $10,075 $337,514
ERIN SHERIDAN CHIEF COMPLIANCE OFFICER AND GENERAL COUNSEL 0.40
Officer
$0 $10,167 $192,805
IRENE FISHER CHAIR 0.50
Officer Director
$0 $0 $0
ROBERT SIMON VICE CHAIR 0.50
Officer Director
$0 $0 $0
BARBARA SULMAN SECRETARY 0.50
Officer Director
$0 $0 $0
JAY RIFFKIN TREASURER 0.50
Officer Director
$0 $0 $0
JEANIE ALHADEFF DIRECTOR 0.25
Director
$0 $0 $0
JACK ALMO DIRECTOR 0.50
Director
$0 $0 $0
DAVID BENOLIEL DIRECTOR 0.25
Director
$0 $0 $0
MARC BRIDGE DIRECTOR 0.25
Director
$0 $0 $0
MICHAEL COHEN DIRECTOR 0.25
Director
$0 $0 $0
LYNN DUBEY DIRECTOR 0.25
Director
$0 $0 $0
DAVID FAIN DIRECTOR 0.25
Director
$0 $0 $0
MARK KANE DIRECTOR 0.25
Director
$0 $0 $0
THOMAS LEAVITT DIRECTOR 0.25
Director
$0 $0 $0
ALVIN MARTIN DIRECTOR 0.25
Director
$0 $0 $0
RABBI JAMES MIREL DIRECTOR 0.25
Director
$0 $0 $0
MICHAEL MORGAN DIRECTOR 0.25
Director
$0 $0 $0
JEFF PIHA DIRECTOR 0.25
Director
$0 $0 $0
BRIAN QUINT DIRECTOR 0.25
Director
$0 $0 $0
ARI ROBICSEK DIRECTOR 0.25
Director
$0 $0 $0
DOUGLAS ROSEN DIRECTOR 0.25
Director
$0 $0 $0
STEVEN SCHWARTZ DIRECTOR 0.25
Director
$0 $0 $0
DAVID SHAPIRO DIRECTOR 0.25
Director
$0 $0 $0
ALLAN STEINMAN DIRECTOR 0.25
Director
$0 $0 $0
DOUG WIVIOTT DIRECTOR 0.25
Director
$0 $0 $0
ELANA ZANA DIRECTOR 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 $148,397 $147,368 $3,180,562 $1,029
2022 $91,142 $146,497 $2,919,769 $-55,355
2021 $302,150 $146,392 $3,421,860 $155,758
2020 $206,498 $147,060 $3,221,514 $59,438
2019 $100,073 $83,424 $3,080,984 $16,649
2018 $180,380 $80,578 $2,692,376 $99,802
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