SOUTH SOUND CHRISTIAN SCHOOLS

EIN: 910719487 501(c)(3)

TACOMA, WA

Total Revenue
$3,078,758
Total Expenses
$4,919,921
Total Assets
$2,396,317
Net Assets
$-5,025,282
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1960
Legal Domicile
WA
Principal Officer
SEONGBAE KIM
Phone
2534757226
Tax Period
2023-07-01 to 2024-06-30

SOUTH SOUND CHRISTIAN SCHOOLS, founded in 1960, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $4.9M exceeded revenue, resulting in a 60% operating deficit.

Mission

TO SUPPORT THE CHRISTIAN HOME AND CHURCH BY PROVIDING A BIBLICALLY-BASED EDUCATION FOR PRE-KINDERGARTEN TO 12TH GRADES THAT CHALLENGES YOUNG LIVES TO GROW IN FAITH, KNOWLEDGE & SKILL SO THAT THEY MAY GLORIFY GOD AND SERVE OTHERS.

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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 $220,514
Program Service Revenue $2,864,059
Investment Income $0
Other Revenue $-5,815
TOTAL REVENUE $3,078,758

Expense Breakdown

Grants Paid $213,852
Salaries & Benefits $3,287,066
Fundraising Expenses $10,308
Program Expenses $3,556,941
Other Expenses $1,419,003
TOTAL EXPENSES $4,919,921

Year-over-Year Comparison

2023 2022 Change
Revenue $3,078,758 $3,666,749 -0.2%
Expenses $4,919,921 $4,598,253 +0.1%
Net Income $-1,841,163 $-931,504 +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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
4
Employees
119
Volunteers
87

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
$212,316
Total Directors
13
$18,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICK JOHNSEN INTERIM EXECUTIVE DIRECTOR 24.00
Officer
$115,946 $0 $115,946
MATTHEW RICHEY INTERIM HEAD OF SCHOOL 40.00
Officer
$78,370 $0 $78,370
RON NELSON TREASURER /CFO 30.00
Officer Director
$18,000 $0 $18,000
CARRI JO TIMMER BOARD CHAIR 4.00
Officer Director
$0 $0 $0
SEONGBAE KIM VICE CHAIR 4.00
Officer Director
$0 $0 $0
LI ER HANSON SECRETARY 4.00
Officer Director
$0 $0 $0
COURTNEY MCDANIEL SECRETARY 2.00
Officer Director
$0 $0 $0
HEATHER WAIT BOARD MEMBER 2.00
Director
$0 $0 $0
LARRY LEWIEN BOARD MEMBER 2.00
Director
$0 $0 $0
RYAN FREDERICK BOARD MEMBER 2.00
Director
$0 $0 $0
TERRY FRANZEN BOARD MEMBER 2.00
Director
$0 $0 $0
NEAL EIFLING BOARD MEMBER 2.00
Director
$0 $0 $0
CRAIG KESSEL BOARD MEMBER 2.00
Director
$0 $0 $0
RAY MYERS BOARD MEMBER 2.00
Director
$0 $0 $0
STEVE WESTCOTT BOARD MEMBER 2.00
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 $3,078,758 $4,919,921 $2,396,317 $-1,841,163
2023 $3,666,749 $4,598,253 $2,583,751 $-931,504
2022 $3,504,425 $4,187,228 $2,431,251 $-682,803
2021 $3,215,663 $2,989,891 $2,969,171 $225,772
2020 $2,982,247 $3,614,864 $2,017,363 $-632,617
2019 $3,339,824 $3,510,654 $1,840,134 $-170,830
2018 $3,248,102 $3,610,749 $2,092,767 $-362,647
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