SEATTLE MILK FUND INC

EIN: 910619698 501(c)(3)

SEATTLE, WA

Total Revenue
$475,200
Total Expenses
$2,751,308
Total Assets
N/A
Net Assets
N/A
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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
1907
Legal Domicile
WA
Principal Officer
CAROLYN BANKS
Phone
2065267944
Tax Period
2022-07-01 to 2023-03-31

SEATTLE MILK FUND INC, founded in 1907, is a small nonprofit that reported $475K in total revenue in fiscal year 2022. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $2.8M exceeded revenue, resulting in a 479% operating deficit.

Mission

CONNECTING FAMILIES TO EDUCATIONAL OPPORTUNITIES THAT BUILD FINANCIAL STABILITY AND CREATE GENERATIONAL CHANGE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $344,882
Program Service Revenue $0
Investment Income $130,318
Other Revenue $0
TOTAL REVENUE $475,200

Expense Breakdown

Grants Paid $2,197,012
Salaries & Benefits $254,384
Fundraising Expenses $79,451
Program Expenses $2,572,555
Other Expenses $299,912
TOTAL EXPENSES $2,751,308

Year-over-Year Comparison

2022 2021 Change
Revenue $475,200 $364,521 +0.3%
Expenses $2,751,308 $898,561 +2.1%
Net Income $-2,276,108 $-534,040 +3.3%
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

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Governance

Voting Members
11
Independent Members
11
Employees
5
Volunteers
22

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
6
$120,999
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNABEL QUINTERO PRESIDENT 10.00
Officer Director
$0 $0 $0
YVONNE MUENCH VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
BROOKE VAN EYK SECRETARY 5.00
Officer Director
$0 $0 $0
CAROLYN BANKS TREASURER 5.00
Officer Director
$0 $0 $0
BILL BENHAM TRUSTEE 2.00
Director
$0 $0 $0
AVANI NADKAMI TRUSTEE 2.00
Director
$0 $0 $0
CHERI ZEHNER TRUSTEE 2.00
Director
$0 $0 $0
TERRY DESSERT TRUSTEE 2.00
Director
$0 $0 $0
ROBIN MINTHORN TRUSTEE 2.00
Director
$0 $0 $0
LISA SEVER TRUSTEE 2.00
Director
$0 $0 $0
NAISHIN FU TRUSTEE 2.00
Director
$0 $0 $0
RACHEL SANCHEZ PROGRAM DIRECTOR 40.00
Officer
$66,664 $0 $66,664
SONJA BANKS OPERATIONS DIRECTOR 30.00
Officer
$54,335 $0 $54,335
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
2023 $475,200 $2,751,308 No data $-2,276,108
2022 $364,521 $898,561 $2,299,215 $-534,040
2021 $431,326 $803,512 $3,352,619 $-372,186
2020 $633,257 $811,284 $3,080,148 $-178,027
2019 $712,673 $737,067 $3,247,352 $-24,394
2018 $1,081,208 $468,071 $3,425,852 $613,137
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