GIG HARBOR TIDES SCHOLARSHIP FOUNDATION

EIN: 911322595 501(c)(3) Education

GIG HARBOR, WA

Total Revenue
$147,822
Total Expenses
$134,256
Total Assets
$176,780
Net Assets
$176,780
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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
1985
Legal Domicile
WA
Principal Officer
ALISA ABERNATHY
Phone
3609089829
Tax Period
2019-09-01 to 2020-08-31

GIG HARBOR TIDES SCHOLARSHIP FOUNDATION, founded in 1985, is a small nonprofit in the Education sector that reported $148K in total revenue in fiscal year 2019. Expenses of $134K left a modest 9% surplus.

Mission

PROVIDING SCHOLARSHIPS TO HIGH SCHOOL SENIORS GRADUATING FROM GIG HARBOR HIGH SCHOOL.

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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 (2019)

Revenue Breakdown

Contributions & Grants $102,560
Program Service Revenue $44,013
Investment Income $1,249
Other Revenue $0
TOTAL REVENUE $147,822

Expense Breakdown

Grants Paid $111,701
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $131,369
Other Expenses $22,555
TOTAL EXPENSES $134,256

Year-over-Year Comparison

2019 2018 Change
Revenue $147,822 $153,909 0.0%
Expenses $134,256 $150,596 -0.1%
Net Income $13,566 $3,313 +3.1%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
50

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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEANIE HELLWICH PRESIDENT 2.00
Officer
$0 $0 $0
NICOLE RIENSCHE VICE PRESIDENT 1.00
Officer
$0 $0 $0
ALISA ABERNATHY TREASURER 4.00
Officer
$0 $0 $0
ELINA BROWN SECRETARY 1.00
Officer
$0 $0 $0
KRISTIN NORDQUIST DATABASE 4.00
Officer
$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
2020 $147,822 $134,256 $176,780 $13,566
2019 $153,909 $150,596 $144,455 $3,313
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