SOUTH SEATTLE COLLEGE 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

1978

Legal Domicile

Principal Officer

WALTER REESE

Phone

2069307927

Tax Period

2023-01-01 to 2023-12-31

SOUTH SEATTLE COLLEGE FOUNDATION, founded in 1978, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $343K, a strong 27% operating margin.

Mission

OUR MISSION IS TO CHANGE LIVES BY PROVIDING STUDENTS WITH SCHOLARSHIPS SO THEY CAN PURSUE QUALITY ACADEMIC AND VOCATIONAL EDUCATION. WE DO THIS THROUGH RELATIONSHIP BUILDING, FUNDRAISING AND STEWARDING RESOURCES.

Program Service Accomplishments

Program 1

Expenses: $428,989

STUDENT SUCCESS AND RETENTIONONE OF THE TOP PRIORITIES FOR SOUTH SEATTLE COLLEGE FOUNDATION IS TO PROVIDE SUPPORT FOR THE COLLEGE TO ENCOURAGE STUDENT SUCCESS, RETENTION, COMPLETION AND ACADEMIC...

STUDENT SUCCESS AND RETENTIONONE OF THE TOP PRIORITIES FOR SOUTH SEATTLE COLLEGE FOUNDATION IS TO PROVIDE SUPPORT FOR THE COLLEGE TO ENCOURAGE STUDENT SUCCESS, RETENTION, COMPLETION AND ACADEMIC TRANSFER. DURING 2023, THE FOUNDATION PROVIDED SCHOLARSHIPS AND OTHER SUPPORT TO APPROXIMATELY 300 UNIQUE STUDENTS.

Program 2

Expenses: $100,273

STRATEGIC SUPPORT FOR COLLEGE PROGRAMSSOUTH SEATTLE COLLEGE FOUNDATION RAISES FUNDS AND RECEIVES CONTRIBUTIONS FOR SPECIFIC COLLEGE PROGRAMS AND PROVIDES ASSISTANCE WITH THE DEVELOPMENT OF NEW...

STRATEGIC SUPPORT FOR COLLEGE PROGRAMSSOUTH SEATTLE COLLEGE FOUNDATION RAISES FUNDS AND RECEIVES CONTRIBUTIONS FOR SPECIFIC COLLEGE PROGRAMS AND PROVIDES ASSISTANCE WITH THE DEVELOPMENT OF NEW COLLEGE INITIATIVES. IN 2023, THE FOUNDATION PROVIDED SUPPORT FOR VARIOUS PROGRAMS INLCUDING SUSTAINABLE BUILDING SCIENCE TECHNOLOGY AND HORTICULTURE/LANDSCAPING. IN ADDITION, THE FOUNDATION PROVIDED FUNDS FOR INSTRUCTIONAL EQUIPMENT FOR THE CULINARY AND CHEMISTRY PROGRAMS.

Program 3

Expenses: $241,794

COLLEGE SUPPORT AND COMMUNITY RELATIONSSOUTH SEATTLE COLLEGE FOUNDATION ASSISTS THE COLLEGE WITH BUILDING COMMUNITY RELATIONSHIPS AND AWARENESS AS WELL AS IMPROVING INFRASTRUCTURE AND FACULTY SKILLS. IN 2023 THE FOUNDATION PROVIDED FUNDING FOR FACULTY TO DEVELOP NEW TEACHING METHODS AND CURRICULA, STAFF TO ATTEND COLLEGE EVENTS, AND SUPPORTED FACULTY ATTENDANCE AT PROFESSIONAL CONFERENCES. IN ADDITION, FUNDS WERE GRANTED TO PURCHASE NEW EXERCISE EQUIPMENT FOR THE WELLNESS CENTER AND FOR DESIGN OF NEW ALKI KITCHEN FACILITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $119,391

Program Service Revenue $0

Investment Income $1,126,553

Other Revenue $0

TOTAL REVENUE $1,245,944

Expense Breakdown

Grants Paid $661,887

Salaries & Benefits $0

Fundraising Expenses $5,663

Program Expenses $771,056

Other Expenses $241,506

TOTAL EXPENSES $903,393

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,245,944	$1,340,259	-0.1%
Expenses	$903,393	$694,340	+0.3%
Net Income	$342,551	$645,919	-0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHERINE ARNOLD	DIRECTOR	1.00	Director	$0	$0	$0
WALTER REESE	CHAIR	1.00	Officer Director	$0	$0	$0
ELIZABETH HEDLUND	TREASURER	1.00	Officer Director	$0	$0	$0
MARJORIE ALHADEFF	DIRECTOR	1.00	Director	$0	$0	$0
JILL COOKE	DIRECTOR	1.00	Director	$0	$0	$0
HAMILTON GARDINER	DIRECTOR	1.00	Director	$0	$0	$0
JUDY GRAY	DIRECTOR	1.00	Director	$0	$0	$0
TANYA STROZIER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL TERAMOTO	DIRECTOR	1.00	Director	$0	$0	$0
LIZ FLORES-MARCUS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ERIKA SWEET	DIRECTOR	1.00	Director	$0	$0	$0
TRACEY HILLIARD	SECRETARY	1.00	Officer 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	No data	No data	No data	No data
2023	$1,245,944	$903,393	$24,323,166	$342,551
2022	$1,340,259	$694,340	$21,839,917	$645,919
2021	$1,580,679	$583,712	$25,867,934	$996,967
2020	$949,561	$534,277	$23,123,079	$415,284
2019	$1,028,903	$1,363,967	$21,569,545	$-335,064
2019	$1,028,903	$1,363,967	$21,569,545	$-335,064
2018	$1,689,956	$1,575,777	$18,482,840	$114,179