KO ERICKSON CHARITY TRUST FUND

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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

1953

Legal Domicile

Principal Officer

DAN MCKEEN

Phone

3604571843

Tax Period

2024-01-01 to 2024-12-31

KO ERICKSON CHARITY TRUST FUND, founded in 1953, is a small nonprofit that reported $420K in total revenue in fiscal year 2024. Revenue surged 766% from the prior year, signaling strong growth momentum. The organization ran a surplus of $340K, a strong 81% operating margin.

Mission

NET PROFITS OF THE TRUST'S INVESTMENT ACTIVITIES ARE FOR THE USE AND BENEFIT OF THE FOLLOWING PORT ANGELES BASED ORGANIZATIONS: THE SALVATION ARMY, THE AMERICAN RED CROSS, THE BOY SCOUTS OF AMERICA, THE GIRL SCOUTS OF AMERICA, AND THE PORT ANGELES YMCA.

Program Service Accomplishments

Program 1

Expenses: $42,264

GRANTS WERE GIVEN TO THE SALVATION ARMY, YMCA, AMERICAN RED CROSS, BOY SCOUTS AND THE GIRL SCOUTS.

Program 2

Expenses: $9,000

SCHOLARSHIPS TO INDIVIDUALS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $320,533

Program Service Revenue $0

Investment Income $76,985

Other Revenue $22,194

TOTAL REVENUE $419,712

Expense Breakdown

Grants Paid $51,264

Salaries & Benefits $12,795

Fundraising Expenses $0

Program Expenses $51,264

Other Expenses $15,491

TOTAL EXPENSES $79,550

Year-over-Year Comparison

	2024	2023	Change
Revenue	$419,712	$48,464	+7.7%
Expenses	$79,550	$62,474	+0.3%
Net Income	$340,162	$-14,010	-25.3%

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

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

$10,625

Total Directors

$6,970

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN MCKEEN	MANAGING TRU	4.00	Officer Director	$4,800	$0	$4,800
PAT HYDEN	SEC/TREAS	2.00	Officer	$3,700	$0	$3,700
IANTHA FRAZER	SEC/TREAS	2.00	Officer	$2,125	$0	$2,125
MARTY BREWER	TRUSTEE	1.00	Director	$630	$0	$630
MATTHEW PAUL	TRUSTEE	1.00	Director	$770	$0	$770
LAURA MURRAY	TRUSTEE	1.00	Director	$770	$0	$770

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	$419,712	$79,550	$1,771,413	$340,162
2023	$48,464	$62,474	$1,431,251	$-14,010
2022	$121,479	$58,171	$1,459,859	$63,308
2021	$132,240	$57,512	$1,396,551	$74,728
2020	$59,668	$71,525	$1,321,823	$-11,857
2019	$66,623	$71,327	$1,333,680	$-4,704
2018	$114,468	$69,109	$1,338,385	$45,359