MERCER ISLAND SCHOOLS 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

1981

Legal Domicile

Principal Officer

MARA MCCUNE

Phone

2062752550

Tax Period

2023-09-01 to 2024-08-31

MERCER ISLAND SCHOOLS FOUNDATION, founded in 1981, is a small nonprofit that reported $981K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 16% operating deficit.

Mission

THE MERCER ISLAND SCHOOLS FOUNDATION IS A 501(C)(3) PUBLIC SERVICE, NON-PROFIT ORGANIZATION DEDICATED TO ENHANCING AND IMPROVING THE QUALITY OF EDUCATION PROVIDED TO ALL STUDENTS OF THE MERCER ISLAND SCHOOL DISTRICT BY OBTAINING CONTRIBUTIONS FOR THE PUBLIC SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $340,391

ACADEMIC SUPPORT AND ENRICHMENT: GRANTS WHICH DIRECTLY SUPPORT THE ACADEMIC AND FINE ARTS PROGRAMS IN THE SCHOOLS INCLUDING SCHOOL IMPROVEMENT PLANS, CLASSROOM ENRICHMENT GRANTS, INSTRUCTIONAL...

ACADEMIC SUPPORT AND ENRICHMENT: GRANTS WHICH DIRECTLY SUPPORT THE ACADEMIC AND FINE ARTS PROGRAMS IN THE SCHOOLS INCLUDING SCHOOL IMPROVEMENT PLANS, CLASSROOM ENRICHMENT GRANTS, INSTRUCTIONAL MATERIALS, CURRICULUM REVIEWS AND ADOPTIONS, AS WELL AS DESIGNATED GIFTS TO EXTRACURRICULAR PROGRAMS.

Program 2

Expenses: $485,381

THE SPRING FOR SCHOOLS CAMPAIGN WAS AN ONGOING COMMUNITY-WIDE FUNDRAISING CAMPAIGN. FUNDS WERE USED TO HELP THE DISTRICT MAINTAIN THE HIGHEST ACADEMIC STANDARDS AND THE LOWEST CLASS SIZES POSSIBLE.

Program 3

Expenses: $23,034

STUDENT SUPPORT PROGRAMS: GRANTS WHICH SUPPORT THE VARIED AND SPECIAL NEEDS OF STUDENTS, PARTICULARLY SPECIAL SERVICES, THE ELEMENTARY SCHOOL'S 2ND STEP PROGRAM THAT TEACHES SOCIAL/EMOTIONAL...

STUDENT SUPPORT PROGRAMS: GRANTS WHICH SUPPORT THE VARIED AND SPECIAL NEEDS OF STUDENTS, PARTICULARLY SPECIAL SERVICES, THE ELEMENTARY SCHOOL'S 2ND STEP PROGRAM THAT TEACHES SOCIAL/EMOTIONAL LEARNING, THE MIDDLE SCHOOL "WHERE EVERYBODY BELONGS" PROGRAM, AND THE HIGH SCHOOL ISLANDER HOUR PROGRAM.

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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 $1,003,688

Program Service Revenue $0

Investment Income $21,526

Other Revenue $-43,739

TOTAL REVENUE $981,475

Expense Breakdown

Grants Paid $841,517

Salaries & Benefits $209,388

Fundraising Expenses $114,051

Program Expenses $851,241

Other Expenses $87,353

TOTAL EXPENSES $1,138,258

Year-over-Year Comparison

	2023	2022	Change
Revenue	$981,475	$1,121,740	-0.1%
Expenses	$1,138,258	$1,180,803	0.0%
Net Income	$-156,783	$-59,063	+1.7%

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

107

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

$115,271

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEGHAN BANTA	CO-PRESIDENT	5.00	Officer Director	$0	$0	$0
LISA KALSCHEUR	CO-PRESIDENT	5.00	Officer Director	$0	$0	$0
DANIEL ODIEVICH	TREASURER	5.00	Officer Director	$0	$0	$0
AHISHA AVANT	SECRETARY	5.00	Officer Director	$0	$0	$0
MARA MCCUNE	DIRECTOR (INCOMING PRESIDENT)	2.00	Director	$0	$0	$0
JILL ASHTON	DIRECTOR	2.00	Director	$0	$0	$0
KAARINA AUFRANC	DIRECTOR	2.00	Director	$0	$0	$0
RUBY AZEEM	DIRECTOR	2.00	Director	$0	$0	$0
MELISSA CAHOON	DIRECTOR	2.00	Director	$0	$0	$0
GALIT GILAD-TALBY	DIRECTOR	2.00	Director	$0	$0	$0
JULIE HSIEH	DIRECTOR	2.00	Director	$0	$0	$0
LORI HURL	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN KIM	DIRECTOR	2.00	Director	$0	$0	$0
ROBB MONKMAN	DIRECTOR	2.00	Director	$0	$0	$0
CARIN PARCEL	DIRECTOR	2.00	Director	$0	$0	$0
SAMANTHA RUBENFIELD	DIRECTOR	2.00	Director	$0	$0	$0
WILL QUANTZ	DIRECTOR	2.00	Director	$0	$0	$0
MATT RICHENBURG	DIRECTOR	2.00	Director	$0	$0	$0
JACQUELINE QUASNEY	DIRECTOR	2.00	Director	$0	$0	$0
GRETA STEDNICK	DIRECTOR	2.00	Director	$0	$0	$0
ASHLEY STERNBERG	DIRECTOR	2.00	Director	$0	$0	$0
SHANNON STOKKE	DIRECTOR	2.00	Director	$0	$0	$0
KIM SWAFFORD	DIRECTOR	2.00	Director	$0	$0	$0
YEN-LING LEE	DIRECTOR	2.00	Director	$0	$0	$0
MARNA METCALF	DIRECTOR	2.00	Director	$0	$0	$0
KAREN ZEHNDER-WOOD	DIRECTOR	2.00	Director	$0	$0	$0
TAMARA SHOOP	EXECUTIVE DIRECTOR	35.00	Officer	$115,271	$0	$115,271

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	$981,475	$1,138,258	$809,964	$-156,783
2023	$1,121,740	$1,180,803	$900,465	$-59,063
2022	$1,078,736	$1,076,894	$1,177,249	$1,842
2021	$1,150,050	$1,069,901	$955,163	$80,149
2020	$1,116,337	$1,147,468	$432,425	$-31,131
2019	$1,219,097	$1,366,527	$492,105	$-147,430