SEATTLE FOLKLORE SOCIETY INC

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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

1966

Legal Domicile

Principal Officer

Amy Carroll

Phone

2063307408

Tax Period

2024-07-01 to 2025-06-30

SEATTLE FOLKLORE SOCIETY INC, founded in 1966, is a small nonprofit in the Arts, Culture & Humanities sector that reported $205K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $186K left a modest 9% surplus.

Mission

the preservation and presentation of folk arts

Program Service Accomplishments

Program 1

Expenses: $43,858 Revenue: $46,239

Concert committee produces and presents concerts of traditional, largely acoustic music 2000+ people benefit

Program 2

Expenses: $51,947 Revenue: $53,089

Emerald City Contra Dance is a weekly contra dance with live band and caller with room for 150 attendees. 7500 annual attendees.

Program 3

Expenses: $53,200 Revenue: $56,000

The Mexican Music Project records, transcribes, teaches and performs rare violin music from Mexico. Live concerts and on-line classes, online videos and musical transcriptions reach 100s

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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 $86,949

Program Service Revenue $104,351

Investment Income $9,866

Other Revenue $4,287

TOTAL REVENUE $205,453

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $186,325

Other Expenses $186,325

TOTAL EXPENSES $186,325

Year-over-Year Comparison

	2024	2023	Change
Revenue	$205,453	$169,976	+0.2%
Expenses	$186,325	N/A	N/A
Net Income	$19,128	$169,976	-0.9%

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

130

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Ullman	Director	0.25	Director	$0	$0	$0
Carol Xander	Director	1	Director	$0	$0	$0
Karen Shaw	Director	0.25	Director	$0	$0	$0
Ralph Kosche	Director	0.25	Director	$0	$0	$0
Dennis Galvin	President	4	Officer	$0	$0	$0
Amy Carroll	Treasurer	6	Officer	$0	$0	$0
Bruce Baker	Secretary	2	Officer	$0	$0	$0
Fred Maslan	Vice President	0.25	Officer	$0	$0	$0
Sarah Comer	Director	0.25	Officer	$0	$0	$0
Valerie Cohen	Director	4	Officer	$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
2025	$205,453	$186,325	$208,522	$19,128