SEATTLE PUBLIC LIBRARY FOUNDATION (EIN 911140642) - Form 990 Financial Analysis & Trantor Score

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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

1980

Legal Domicile

Principal Officer

BRIAN LAWRENCE

Phone

2063864130

Tax Period

2024-01-01 to 2024-12-31

SEATTLE PUBLIC LIBRARY FOUNDATION, founded in 1980, is a mid-sized nonprofit in the Education sector that reported $35.4M in total revenue in fiscal year 2024. Revenue surged 171% from the prior year, signaling strong growth momentum. The organization ran a surplus of $27.9M, a strong 79% operating margin.

Mission

INSPIRE THE COMMUNITY'S PHILANTHROPIC SUPPORT, ADVOCACY FOR, AND PRIDE IN THE LIBRARY.

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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 $7,766,358

Program Service Revenue $0

Investment Income $27,682,101

Other Revenue $0

TOTAL REVENUE $35,448,459

Expense Breakdown

Grants Paid $5,063,020

Salaries & Benefits $1,427,404

Fundraising Expenses $577,916

Program Expenses $5,821,604

Other Expenses $1,093,156

TOTAL EXPENSES $7,583,580

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,448,459	$13,074,439	+1.7%
Expenses	$7,583,580	$7,408,420	+0.0%
Net Income	$27,864,879	$5,666,019	+3.9%

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

Volunteers

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

$627,431

Total Directors

$17,961

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH STANLEY	PRESIDENT, INTERIM CEO THRU 08/24	40.00	Officer Director	$17,961	$0	$17,961
JENNIFER SOUTHWELL	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
NICK MOMYER	TREASURER	5.00	Officer Director	$0	$0	$0
JON JURICH	SECRETARY	5.00	Officer Director	$0	$0	$0
STEPHANIE AXELROD	DIRECTOR	2.00	Director	$0	$0	$0
GENE J CHANG	DIRECTOR	2.00	Director	$0	$0	$0
MORGAN COLLINS	DIRECTOR	2.00	Director	$0	$0	$0
KAREN CONOVER	DIRECTOR	2.00	Director	$0	$0	$0
JEANETTE FLORY	DIRECTOR	2.00	Director	$0	$0	$0
SIBYL FRANKENBURG	DIRECTOR	2.00	Director	$0	$0	$0
JUSTO GONZLEZ	DIRECTOR	2.00	Director	$0	$0	$0
SHARON HAMMEL	DIRECTOR	2.00	Director	$0	$0	$0
ROY HAMRICK	DIRECTOR	2.00	Director	$0	$0	$0
MATT HILLMAN	DIRECTOR	2.00	Director	$0	$0	$0
MARGARET INOUYE	DIRECTOR	2.00	Director	$0	$0	$0
SARAH KOHUT	DIRECTOR	2.00	Director	$0	$0	$0
FLORENCE LARSON	DIRECTOR	2.00	Director	$0	$0	$0
ELLEN LOOK	DIRECTOR	2.00	Director	$0	$0	$0
TYLER PRESTON MICKEY	DIRECTOR	2.00	Director	$0	$0	$0
BRITTNEY MORASKI	DIRECTOR	2.00	Director	$0	$0	$0
RAJ RAKHRA	DIRECTOR	2.00	Director	$0	$0	$0
DAVID STRAUSS	DIRECTOR	2.00	Director	$0	$0	$0
MARIA VALENTE	DIRECTOR	2.00	Director	$0	$0	$0
SAM HOWE VERHOVEK	DIRECTOR	2.00	Director	$0	$0	$0
JULIE ZUNKER	DIRECTOR	2.00	Director	$0	$0	$0
JONNA WARD	CHIEF EXECUTIVE OFFICER THRU 06/24	40.00	Officer	$159,015	$38,561	$197,576
B KAY ODROSKY	CHIEF FINANCIAL OFFICER	40.00	Officer	$185,040	$25,279	$210,319
BRIAN LAWRENCE	CHIEF EXECUTIVE OFFICER FROM 08/24	40.00	Officer	$180,969	$20,606	$201,575
KARA MCDONALD	SENIOR DIR OF PHILANTHROPY	40.00	Highest	$120,582	$24,423	$145,005
WILL LIVESLEY-O'NEIL	SR DIR OF COMMUNICATION & ADVOCACY	40.00	Highest	$123,117	$30,064	$153,181

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	$35,448,459	$7,583,580	$104,059,960	$27,864,879
2023	$13,074,439	$7,408,420	$93,759,002	$5,666,019
2022	$5,311,806	$6,187,152	$81,631,667	$-875,346
2021	$10,213,683	$5,953,803	$96,431,810	$4,259,880
2020	$10,173,987	$6,195,737	$88,346,840	$3,978,250
2019	$7,584,142	$5,502,779	$77,825,333	$2,081,363
2018	$8,327,127	$6,337,337	$67,366,911	$1,989,790

SEATTLE PUBLIC LIBRARY FOUNDATION