SEATTLE PACIFIC FOUNDATION

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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

1979

Legal Domicile

Principal Officer

BRIAN FICKEN

Phone

2062812810

Tax Period

2022-07-01 to 2023-06-30

SEATTLE PACIFIC FOUNDATION, founded in 1979, is a small nonprofit in the Education sector that reported $919K in total revenue in fiscal year 2022. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $872K left a modest 5% surplus.

Mission

TO SUPPORT SEATTLE PACIFIC UNIVERSITY. THE FOUNDATION MAY MAKE GIFTS AND GRANTS TO OTHER RELIGIOUS, EDUCATIONAL AND CHARITABLE ORGANIZATIONS AS DETERMINED BY THE BOARD OF DIRECTORS.

Program Service Accomplishments

Program 1

Expenses: $707,256

INVESTMENT MANAGEMENT OF UNIVERSITY ENDOWMENT FUNDS AND ADMINISTRATION OF CHARITABLE TRUSTS WHERE SEATTLE PACIFIC UNIVERSITY AND OTHER 501(C)(3) CHARITIES ARE THE CHARITABLE REMAINDERMEN.

Program 2

CHARITABLE CONTRIBUTIONS REPORTED ON FORM 1065 SCHEDULE K-1 FOR NORTHPOINT, LLC.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $20,329

Other Revenue $898,735

TOTAL REVENUE $919,064

Expense Breakdown

Grants Paid $0

Salaries & Benefits $549,046

Fundraising Expenses $0

Program Expenses $707,256

Other Expenses $323,287

TOTAL EXPENSES $872,333

Year-over-Year Comparison

	2022	2021	Change
Revenue	$919,064	$701,525	+0.3%
Expenses	$872,333	$578,576	+0.5%
Net Income	$46,731	$122,949	-0.6%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$413,846

Total Directors

$244,831

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK L CEDERBORG	CHAIR	3.00	Officer Director	$0	$0	$0
MARK MASON	DIRECTOR	3.00	Director	$0	$0	$0
DONALD W MORTENSON	VICE CHAIR	1.00	Officer Director	$0	$13,902	$244,831
GORDON A NYGARD	SECRETARY	3.00	Officer Director	$0	$0	$0
BRIAN D PEARSON	DIRECTOR	3.00	Director	$0	$0	$0
NANCY A ZEVENBERGEN	DIRECTOR	3.00	Director	$0	$0	$0
BRIAN FICKEN	TREASURER	40.00	Officer	$140,474	$28,541	$169,015
KIMBERLY SAWERS	VICE PRESIDENT, SPU	5.00	Highest	$0	$31,880	$265,223

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$919,064	$872,333	$195,397,156	$46,731
2022	$701,525	$578,576	$192,980,421	$122,949
2021	$736,605	$817,851	$206,572,560	$-81,246