DOWNTOWN SEATTLE ASSOCIATION

EIN: 910681761

SEATTLE, WA

Total Revenue
$4,796,372
Total Expenses
$5,076,388
Total Assets
$2,797,242
Net Assets
$1,874,794
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1958
Legal Domicile
WA
Principal Officer
JON SCHOLES
Phone
2066230340
Tax Period
2024-07-01 to 2025-06-30

DOWNTOWN SEATTLE ASSOCIATION, founded in 1958, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2024.

Mission

CREATE A HEALTHY, VIBRANT DOWNTOWN

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,359,391
Program Service Revenue $3,436,932
Investment Income $49
Other Revenue $0
TOTAL REVENUE $4,796,372

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,785,191
Fundraising Expenses $122,952
Program Expenses $2,628,102
Other Expenses $2,291,197
TOTAL EXPENSES $5,076,388

Year-over-Year Comparison

2024 2023 Change
Revenue $4,796,372 $4,579,186 +0.0%
Expenses $5,076,388 $4,590,584 +0.1%
Net Income $-280,016 $-11,398 +23.6%
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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Governance

Voting Members
62
Independent Members
60
Employees
20
Volunteers
62

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
$702,809
Total Directors
62
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBIERI MARK BOARD MEMBER 0.20
Director
$0 $0 $0
AHMED ZAHOOR BOARD MEMBER 0.20
Director
$0 $0 $0
AXELROD JARED BOARD MEMBER 0.20
Director
$0 $0 $0
BARRAQUIEL TAN JOEL BOARD MEMBER 0.20
Director
$0 $0 $0
BELGARDE DERRICK BOARD MEMBER 0.20
Director
$0 $0 $0
BLANKERS AARON BOARD MEMBER 0.20
Director
$0 $0 $0
BOYD SUSAN BOARD MEMBER 0.20
Director
$0 $0 $0
CHAVEZ-WILCOX MARIA BOARD MEMBER 0.20
Director
$0 $0 $0
CLARK CARY BOARD MEMBER 0.20
Director
$0 $0 $0
CLARK SALLY BOARD MEMBER 0.20
Director
$0 $0 $0
CUTHILL DAVID BOARD MEMBER 0.20
Director
$0 $0 $0
DAVIS DOM BOARD MEMBER 0.20
Director
$0 $0 $0
DUNLEAVEY ANGELA BOARD MEMBER 0.20
Director
$0 $0 $0
DUNN LIZ BOARD MEMBER 0.20
Director
$0 $0 $0
ECHOHAWK COLLEEN BOARD MEMBER 0.20
Director
$0 $0 $0
FONFARA PETER BOARD MEMBER 0.20
Director
$0 $0 $0
FRANZ BEN BOARD MEMBER 0.20
Director
$0 $0 $0
GOMEZ COWGER GRACIELA BOARD MEMBER 0.20
Director
$0 $0 $0
GORDON PATRICK BOARD MEMBER 0.20
Director
$0 $0 $0
GREANY PHILLIP BOARD MEMBER 0.20
Director
$0 $0 $0
GREER MICHAEL BOARD MEMBER 0.20
Director
$0 $0 $0
HALL GINA BOARD MEMBER 0.20
Director
$0 $0 $0
HEALEY ADA BOARD MEMBER 0.20
Director
$0 $0 $0
HORITA MARI VICE CHAIR 0.20
Officer Director
$0 $0 $0
HOUTCHENS MARK BOARD MEMBER 0.20
Director
$0 $0 $0
HURD AP BOARD MEMBER 0.20
Director
$0 $0 $0
JACKSON SHAWN BOARD MEMBER 0.20
Director
$0 $0 $0
JOHNSON GERRY BOARD MEMBER 0.20
Director
$0 $0 $0
JOHNSON GREG BOARD MEMBER 0.20
Director
$0 $0 $0
KARCH MEGAN BOARD MEMBER 0.20
Director
$0 $0 $0
KNOX BETH BOARD MEMBER 0.20
Director
$0 $0 $0
LEDERMAN KEN BOARD MEMBER 0.20
Director
$0 $0 $0
LEE KAREN BOARD MEMBER 0.20
Director
$0 $0 $0
MCCALL RACHEL BOARD MEMBER 0.20
Director
$0 $0 $0
MCCULLOUGH JACK BOARD MEMBER 0.20
Director
$0 $0 $0
MENDOZA EXSTROM MAYA BOARD MEMBER 0.20
Director
$0 $0 $0
MERIWEATHER MICHELLE BOARD MEMBER 0.20
Director
$0 $0 $0
NITZE LISA BOARD MEMBER 0.20
Director
$0 $0 $0
NOONAN MAI SECRETARY/TREASURER 0.20
Officer Director
$0 $0 $0
O'KELLEY KATHY BOARD MEMBER 0.20
Director
$0 $0 $0
O'QUINN DUSTIN GENERAL COUNSEL 0.20
Officer Director
$0 $0 $0
OTTELE JESSE BOARD MEMBER 0.20
Director
$0 $0 $0
PENALVER EDUARDO BOARD MEMBER 0.20
Director
$0 $0 $0
POZARYCKI TOM BOARD MEMBER 0.20
Director
$0 $0 $0
REDMAN SCOTT BOARD MEMBER 0.20
Director
$0 $0 $0
RILEY JR CHARLES BOARD MEMBER 0.20
Director
$0 $0 $0
RIVERA FRED BOARD MEMBER 0.20
Director
$0 $0 $0
RUHL MIKE BOARD MEMBER 0.20
Director
$0 $0 $0
SCARTON AMY BOARD MEMBER 0.20
Director
$0 $0 $0
SCHAFER CRAIG BOARD MEMBER 0.20
Director
$0 $0 $0
SHIGAKI JOY BOARD MEMBER 0.20
Director
$0 $0 $0
SMITH MICHELE BOARD MEMBER 0.20
Director
$0 $0 $0
SURRATT BRIAN BOARD MEMBER 0.20
Director
$0 $0 $0
THAM ERIC BOARD MEMBER 0.20
Director
$0 $0 $0
TOMOZAWA PETER BOARD MEMBER 0.20
Director
$0 $0 $0
WAKO ELIZABETH BOARD MEMBER 0.20
Director
$0 $0 $0
WARREN MARQUES BOARD MEMBER 0.20
Director
$0 $0 $0
WEISFIELD WILLIAM BOARD MEMBER 0.20
Director
$0 $0 $0
WOLF TOM BOARD MEMBER 0.20
Director
$0 $0 $0
YANG SUNG CHAIR 0.20
Officer Director
$0 $0 $0
YEADON LORIA BOARD MEMBER 0.20
Director
$0 $0 $0
YODER RICK BOARD MEMBER 0.20
Director
$0 $0 $0
SCHOLES JON PRESIDENT & CEO 24.00
Officer
$427,261 $37,372 $464,633
JAMES ELISABETH CHIEF OPERATING OFFICER 22.00
Officer
$218,325 $19,851 $238,176
WRIGHT SALLY VP COMMUNICATIONS & MKTG 24.00
Highest
$207,498 $21,664 $229,162
DELFINA ARAYA SR MGR MKTG & CREATIVE SVC 24.00
Highest
$158,651 $20,143 $178,794
RANKIN MONICA SENIOR MGR, HUMAN RESOURCES 24.00
Highest
$153,176 $12,540 $165,716
GOCKEL RYAN DIRECTOR, STRATEGIC INITIATIVES & SPECIAL PROJECTS 24.00
Highest
$147,766 $19,691 $167,457
BAILOR EMILY DIRECTOR, EXEC ADMINISTRATION 24.00
Highest
$145,436 $18,851 $164,287
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 $4,796,372 $5,076,388 $2,797,242 $-280,016
2024 $4,579,186 $4,590,584 $3,129,417 $-11,398
2023 $4,252,444 $4,201,761 $3,279,679 $50,683
2022 $3,940,946 $3,654,521 $3,028,026 $286,425
2021 $3,348,613 $3,103,602 $2,305,188 $245,011
2020 $5,087,694 $4,554,540 $1,895,500 $533,154
2019 $6,350,023 $6,308,754 $1,944,735 $41,269
2018 $4,137,569 $4,410,247 $1,525,121 $-272,678
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