EDMONDS 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

1982

Legal Domicile

Principal Officer

LILLIAN SHERMAN

Phone

4256401884

Tax Period

2024-07-01 to 2025-06-30

EDMONDS COLLEGE FOUNDATION, founded in 1982, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Net assets of $10.2M represent 107 months of operating reserves.

Mission

EDMONDS COLLEGE FOUNDATION WAS ESTABLISHED TO SUPPORT THE GOALS AND ACTIVITIES OF EDMONDS COLLEGE BY PROVIDING FINANCIAL SUPPORT TO COLLEGE PROGRAMS, INSTRUCTIONAL DEPARTMENTS AND ACTIVITIES, AS WELL AS PROVIDING FINANCIAL SUPPORT TO UNDER SERVED AND DESERVING STUDENTS TO FURTHER THEIR EDUCATIONAL GOALS.

Program Service Accomplishments

Program 1

Expenses: $342,986

SCHOLARSHIPS - SUPPORTED 126 UNDERSERVED AND DESERVING STUDENTS TO ENABLE THEM TO ACHIEVE THEIR EDUCATIONAL GOALS.

Program 2

Expenses: $412,263

COLLEGE PROGRAM SUPPORT - SUPPORT OF VARIOUS INSTRUCTIONAL PROGRAMS AT EDMONDS COLLEGE FOR INSTRUCTION, SCHOLARSHIPS AND ACTIVITIES.

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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 $849,945

Program Service Revenue $0

Investment Income $354,663

Other Revenue $-56,595

TOTAL REVENUE $1,148,013

Expense Breakdown

Grants Paid $662,439

Salaries & Benefits $0

Fundraising Expenses $184,285

Program Expenses $755,249

Other Expenses $474,378

TOTAL EXPENSES $1,136,817

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,148,013	$1,237,134	-0.1%
Expenses	$1,136,817	$1,395,117	-0.2%
Net Income	$11,196	$-157,983	-1.1%

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

150

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

$150,415

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM BULL	EXECUTIVE DIRECTOR (UNTIL 06/25)	20.00	Officer	$0	$26,585	$150,415
BRIAN DONALDSON	CHAIR	2.00	Officer Director	$0	$0	$0
LINDA KRESE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JENNIFER MYERS	SECRETARY	2.00	Officer Director	$0	$0	$0
JEFF KING	TREASURER	2.00	Officer Director	$0	$0	$0
BOB TERWILLIGER	PAST CHAIR	2.00	Officer Director	$0	$0	$0
SHERRI ANDERSON	MEMBER	1.00	Director	$0	$0	$0
STEVE CARTER	MEMBER	1.00	Director	$0	$0	$0
NICK DAVENPORT	MEMBER	1.00	Director	$0	$0	$0
DOUG FAIR	MEMBER	1.00	Director	$0	$0	$0
NICOLE GALIPEAU	MEMBER	1.00	Director	$0	$0	$0
SHAHANK KALOKHE	MEMBER	1.00	Director	$0	$0	$0
LIBBY LEWIS	MEMBER	1.00	Director	$0	$0	$0
ABRAHAM MATHEW	MEMBER	1.00	Director	$0	$0	$0
MARIA MONTALVO	MEMBER	1.00	Director	$0	$0	$0
STEVE PENNINGTON	MEMBER	1.00	Director	$0	$0	$0
JOHN PRIBBLE	MEMBER	1.00	Director	$0	$0	$0
WHITNEY RIVERA	MEMBER	1.00	Director	$0	$0	$0
OLIVER WHITEHEAD	MEMBER	1.00	Director	$0	$0	$0
MEGAN WOOD	MEMBER	1.00	Director	$0	$0	$0
MEL SHELDON	MEMBER (UNTIL 07/2024)	1.00	Director	$0	$0	$0
MIKE MEEKS	MEMBER (UNTIL 10/2024)	1.00	Director	$0	$0	$0
KIRSTEN PAUST	MEMBER (UNTIL 07/2024)	1.00	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
2025	$1,148,013	$1,136,817	$10,302,497	$11,196
2024	$1,237,134	$1,395,117	$9,693,605	$-157,983
2023	$1,671,309	$1,367,025	$9,326,636	$304,284
2022	$1,561,547	$1,636,193	$8,474,792	$-74,646
2021	$1,595,064	$1,967,398	$9,828,987	$-372,334
2019	$1,091,509	$1,097,252	$6,942,859	$-5,743
2018	$933,802	$897,856	$6,965,430	$35,946