Southwest Seattle Historical Society

EIN: 911297010 501(c)(3) Arts, Culture & Humanities

Seattle, WA

Total Revenue
$128,815
Total Expenses
$168,655
Total Assets
$936,210
Net Assets
$934,789
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
WA
Phone
2063500999
Tax Period
2024-01-01 to 2024-12-31

Southwest Seattle Historical Society, founded in 1985, is a small nonprofit in the Arts, Culture & Humanities sector that reported $129K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $169K exceeded revenue, resulting in a 31% operating deficit.

Mission

The mission of the Southwest Seattle Historical Society is to promote inclusive local history through education, preservation, and advocacy. The Southwest Seattle area includes all of the West Seattle Peninsula form Puget Sound on the west to the Duwamish River on the east, South to Southwest 128th Street.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $119,698
Program Service Revenue $8,134
Investment Income $163
Other Revenue $820
TOTAL REVENUE $128,815

Expense Breakdown

Grants Paid $0
Salaries & Benefits $89,864
Fundraising Expenses $2,173
Program Expenses $125,277
Other Expenses $78,791
TOTAL EXPENSES $168,655

Year-over-Year Comparison

2024 2023 Change
Revenue $128,815 $114,184 +0.1%
Expenses $168,655 $147,664 +0.1%
Net Income $-39,840 $-33,480 +0.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
1
Volunteers
45

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
6
$60,138
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Elizabeth Rudrud Executive Dir. 40.00
Officer
$60,138 $0 $60,138
Kathy Duncan President 2.00
Officer Director
$0 $0 $0
Jason Plourde Vice President 3.00
Officer Director
$0 $0 $0
John Sweetland Treasurer 5.00
Officer Director
$0 $0 $0
Megan Simkus Secretary 0.00
Officer Director
$0 $0 $0
Nancy Sorensen Secretary 2.00
Officer Director
$0 $0 $0
Mike Shaughnessy Trustee 1.00
Director
$0 $0 $0
John Bennett Trustee 1.00
Director
$0 $0 $0
Dora-Faye Hendricks Trustee 2.00
Director
$0 $0 $0
Phil Frick Trustee 2.00
Director
$0 $0 $0
Soo Lee Trustee 1.00
Director
$0 $0 $0
Carol-Ann Thorton Trustee 1.00
Director
$0 $0 $0
Kenny Korsdaard Trustee 3.00
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
2024 $128,815 $168,655 $936,210 $-39,840
2023 $114,184 $147,664 $978,039 $-33,480
2022 $178,248 $196,026 $1,023,446 $-17,778
2021 $146,668 $164,833 $1,044,843 $-18,165
2020 $174,235 $177,645 $1,048,945 $-3,410
2019 $117,572 $165,216 $1,040,834 $-47,644
2018 $225,046 $149,432 $1,088,328 $75,614
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