THE SEATTLE AQUARIUM SOCIETY

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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

ROBERT DAVIDSON

Phone

2063864300

Tax Period

2023-01-01 to 2023-12-31

THE SEATTLE AQUARIUM SOCIETY, founded in 1982, is a mid-sized nonprofit in the Animal-Related sector that reported $53.3M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $23.0M, a strong 43% operating margin.

Mission

OUR MISSION IS INSPIRING CONSERVATION OF OUR MARINE ENVIRONMENT.

Program Service Accomplishments

Program 1

Expenses: $23,357,341 Revenue: $19,435,712

THE SEATTLE AQUARIUM IS A CONSERVATION ORGANIZATION WORKING TO REGENERATE THE HEALTH OF OUR ONE OCEAN. WE WORK AMONG GLOBAL LEADERS TO ADVANCE ANIMAL WELL-BEING, MARINE AND ECOSYSTEM SCIENCE, PUBLIC POLICY, FIELD CONSERVATION, AND EDUCATION THAT BENEFITS OUR ONE OCEAN. WE THOUGHTFULLY BRING THE OCEAN TO LIFE FOR THE PUBLIC WITH EXPERIENCES THAT INSPIRE AWE, EMPATHY, AND CONSERVATION ACTION. WE PRESENT EXTRAORDINARY HABITATS, MARINE LIFE, AND EDUCATIONAL PROGRAMS THAT ENGAGE AND DELIGHT ALL MEMBERS OF OUR LOCAL AND GLOBAL COMMUNITIES. WE MANAGE FOUR FACILITIES AND SERVED 857,000 PEOPLE IN 2023, PLUS MANY COMMUNITY EVENTS LIKE BEACH WALKS. OUR WORK IS INTEGRAL TO A HEALTHY FUTURE FOR MARINE LIFE, PEOPLE, AND THE PLANET. CONTINUED ON SCHEDULE O.

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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 $31,069,618

Program Service Revenue $19,435,712

Investment Income $702,361

Other Revenue $2,133,651

TOTAL REVENUE $53,341,342

Expense Breakdown

Grants Paid $61,036

Salaries & Benefits $19,928,398

Fundraising Expenses $2,390,090

Program Expenses $23,357,341

Other Expenses $10,164,743

TOTAL EXPENSES $30,313,177

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,341,342	$45,089,878	+0.2%
Expenses	$30,313,177	$24,318,050	+0.2%
Net Income	$23,028,165	$20,771,828	+0.1%

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

303

Volunteers

1041

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

$620,026

Total Directors

Key Employees

$1,156,302

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL GUIDON	CHAIR	3.00	Officer Director	$0	$0	$0
ERIN J LETEY	SECRETARY	3.00	Officer Director	$0	$0	$0
KARISSA A MARKER	TREASURER	3.00	Officer Director	$0	$0	$0
MELISSA MAGER	IMMEDIATE PAST CHAIR	3.00	Director	$0	$0	$0
CHRISTOPHER WILLIAMS	EX OFFICIO	3.00	Director	$0	$0	$0
MIKE ANDERSON	DIRECTOR	3.00	Director	$0	$0	$0
KEVIN L BLAIR	DIRECTOR	3.00	Director	$0	$0	$0
ANDREW BLEIMAN	DIRECTOR	3.00	Director	$0	$0	$0
JOHN R BRADEN	DIRECTOR	3.00	Director	$0	$0	$0
DUNCAN BUTCHER	DIRECTOR	3.00	Director	$0	$0	$0
EDDIE CHANG	DIRECTOR	3.00	Director	$0	$0	$0
BILL CHAPIN	DIRECTOR	3.00	Director	$0	$0	$0
CARY CLARK	DIRECTOR	3.00	Director	$0	$0	$0
BAIONNE COLEMAN	DIRECTOR	3.00	Director	$0	$0	$0
JOHN DELANEY	DIRECTOR	3.00	Director	$0	$0	$0
AP DIAZ	DIRECTOR	3.00	Director	$0	$0	$0
BOB C DONEGAN	DIRECTOR	3.00	Director	$0	$0	$0
WILLIAM T EINSTEIN	DIRECTOR	3.00	Director	$0	$0	$0
SUSAN L GATES	DIRECTOR	3.00	Director	$0	$0	$0
EFFIE GLEASON	DIRECTOR	3.00	Director	$0	$0	$0
PHILIP M GUESS	DIRECTOR	3.00	Director	$0	$0	$0
JAMES C GURKE	DIRECTOR	3.00	Director	$0	$0	$0
DAN M GUY III	DIRECTOR	3.00	Director	$0	$0	$0
JANET HABERBUSH	DIRECTOR	3.00	Director	$0	$0	$0
STEPHANIE KORNBLUM	DIRECTOR	3.00	Director	$0	$0	$0
MARK E KRAMER	DIRECTOR	3.00	Director	$0	$0	$0
KATHERINE A KROGSLUND	DIRECTOR	3.00	Director	$0	$0	$0
GARY KUNIS	DIRECTOR	3.00	Director	$0	$0	$0
ANDREW LEWIS	DIRECTOR	3.00	Director	$0	$0	$0
LISA C LUTHER	DIRECTOR	3.00	Director	$0	$0	$0
LAURA MACNEIL	DIRECTOR	3.00	Director	$0	$0	$0
DAVE MAGEE	DIRECTOR	3.00	Director	$0	$0	$0
TOMOKO MORIGUCHI-MATSUNO	DIRECTOR	3.00	Director	$0	$0	$0
J TERRY MCLAUGHLIN	DIRECTOR	3.00	Director	$0	$0	$0
PATTI DILL	DIRECTOR	3.00	Director	$0	$0	$0
ROBERT W POWER	DIRECTOR	3.00	Director	$0	$0	$0
TOM RAAF	DIRECTOR	3.00	Director	$0	$0	$0
STUART T ROLFE	DIRECTOR	3.00	Director	$0	$0	$0
CASEY J SCHUCHART	DIRECTOR	3.00	Director	$0	$0	$0
IVAN SEDA	DIRECTOR	3.00	Director	$0	$0	$0
CHRISTIAN SINDERMAN	DIRECTOR	3.00	Director	$0	$0	$0
GARY S SMITH	DIRECTOR	3.00	Director	$0	$0	$0
GARY T SMITH	DIRECTOR	3.00	Director	$0	$0	$0
JULIE SYRDAL	DIRECTOR	3.00	Director	$0	$0	$0
RANDY J TINSETH	DIRECTOR	3.00	Director	$0	$0	$0
MARCUS TRUFANT	DIRECTOR	3.00	Director	$0	$0	$0
MICHAEL TRZUPEK	DIRECTOR	3.00	Director	$0	$0	$0
CARLA C WIGEN	DIRECTOR	3.00	Director	$0	$0	$0
GEORGE V WILLOUGHBY JR	DIRECTOR	3.00	Director	$0	$0	$0
CHARLES WRIGHT JR	DIRECTOR	3.00	Director	$0	$0	$0
SUSIE WYCKOFF	DIRECTOR	3.00	Director	$0	$0	$0
ROBERT W DAVIDSON	PRESIDENT & CEO	40.00	Officer	$374,943	$15,335	$390,278
RICHARD A JOHNSON	VP OF FINANCE AND ADMINISTRATION	40.00	Officer	$218,921	$10,827	$229,748
BRADLEY RUTHERFORD	CHIEF OPERATIONS OFFICER THRU 11/23	40.00	Key Emp	$230,667	$11,844	$242,511
RACHAEL WEAKLAND	VP OF PHILANTHROPY	40.00	Key Emp	$210,188	$10,847	$221,035
GRANT ABEL	VP OF ANIMAL CARE	40.00	Key Emp	$176,916	$9,226	$186,142
KATHRYN WILLSON	VP OF MARKETING & COMMUNICATIONS	40.00	Key Emp	$168,042	$9,270	$177,312
JESSE PHILLIPS-KRESS	VP OF FACILITIES & OPERATIONS	40.00	Key Emp	$157,609	$8,309	$165,918
ERIN MEYER BEETHAM	CHIEF CONSERVATION OFFICER	40.00	Key Emp	$155,039	$8,345	$163,384
SUSAN BULLERDICK	SR. DIRECTOR OF CAPITAL PROJECTS	40.00	Highest	$149,399	$6,590	$155,989
ANDRE NGUYEN	SR. DIRECTOR OF TECHNOLOGY	40.00	Highest	$147,882	$7,548	$155,430
JAMES WHARTON	VP OF CONSERVATION ENGMT & LEARNING	40.00	Highest	$145,276	$6,960	$152,236
DEREK BAKER	SR. DIRECTOR OF STRAT. INITIATIVES	40.00	Highest	$141,471	$6,591	$148,062
TIM KUNIHOLM	SR. DIRECTOR OF PR & PARTNERSHIPS	40.00	Highest	$139,656	$6,557	$146,213

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	$53,341,342	$30,313,177	$173,148,773	$23,028,165
2022	$45,089,878	$24,318,050	$96,602,410	$20,771,828
2021	$40,153,392	$17,812,498	$62,591,830	$22,340,894
2020	$21,125,199	$14,793,362	$37,450,091	$6,331,837
2019	$31,831,567	$18,932,478	$30,764,155	$12,899,089
2018	$24,866,548	$19,366,328	$17,357,178	$5,500,220