EVERETT PUBLIC SCHOOLS FOUNDATION

EIN: 911329342 501(c)(3) Education

Everett, WA

Total Revenue
$943,688
Total Expenses
$652,849
Total Assets
$2,724,654
Net Assets
$2,720,456
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
WA
Phone
4253854693
Tax Period
2023-09-01 to 2024-08-31

EVERETT PUBLIC SCHOOLS FOUNDATION, founded in 1985, is a small nonprofit in the Education sector that reported $944K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $291K, a strong 31% operating margin.

Mission

To make a difference in education apart from state funding, primarily through community involvement and private donations, both corporate and individual. Vision: All learners in the Everett Public Schools have the resources they need to achieve success. Mission: We build community support and invest resources to inspire innovation, excellence, and achievement for all learners in the Everett Public Schools. Our 4 pillars include: Early Learning; Improving Student, Family & Staff Outcomes; College, Career & Life Readiness, and Student Needs & Well-Being

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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 (2023)

Revenue Breakdown

Contributions & Grants $732,925
Program Service Revenue $47,278
Investment Income $173,537
Other Revenue $-10,052
TOTAL REVENUE $943,688

Expense Breakdown

Grants Paid $367,952
Salaries & Benefits $189,029
Fundraising Expenses $73,447
Program Expenses $520,521
Other Expenses $95,868
TOTAL EXPENSES $652,849

Year-over-Year Comparison

2023 2022 Change
Revenue $943,688 $635,987 +0.5%
Expenses $652,849 $641,514 +0.0%
Net Income $290,839 $-5,527 -53.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
23
Independent Members
23
Employees
3
Volunteers
120

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
7
$0
Total Directors
21
$0
Key Employees
1
$88,110
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kay Fantin Executive Diretor 32
Key Emp
$87,360 $750 $88,110
Kristy Mothersbaugh President 2
Officer Director
$0 $0 $0
Gracie Geremia 1st Vice-President 2
Officer Director
$0 $0 $0
Kailani Rands 2nd Vice-President 2
Officer Director
$0 $0 $0
Heather Morrow Secretary 2
Officer Director
$0 $0 $0
Jennifer Black Treasurer 2
Officer Director
$0 $0 $0
Michelle Nims Immediate Past President 2
Officer Director
$0 $0 $0
Shelley Boten District Board Liaison 2
Officer Director
$0 $0 $0
Anthony Anderson Board Member 2
Director
$0 $0 $0
Jessica Gideon Board Member 2
Director
$0 $0 $0
Jennifer Goodhart Board Member 2
Director
$0 $0 $0
Erik Heinz Board Member 2
Director
$0 $0 $0
Jared Kink Board Member 2
Director
$0 $0 $0
Claudia McClain Board Member 2
Director
$0 $0 $0
Karlee Munger Board Member 2
Director
$0 $0 $0
Malia Murphy Student Board Member 2
Director
$0 $0 $0
Holly Oakley Board Member 2
Director
$0 $0 $0
Tyler Ream Board Member 2
Director
$0 $0 $0
Melissa Rosales-Alfaro Student Board Member 2
Director
$0 $0 $0
Rich White Board Member 2
Director
$0 $0 $0
Mya Verduzco Student Board Member 2
Director
$0 $0 $0
Charlotte Zissel Board Member 2
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 $943,688 $652,849 $2,724,654 $290,839
2023 $635,987 $641,514 $2,140,089 $-5,527
2022 $693,512 $560,399 $2,078,605 $133,113
2021 $806,964 $423,988 $2,316,083 $382,976
2020 $557,018 $458,712 $1,682,690 $98,306
2019 $576,156 $520,315 $1,451,875 $55,841
2018 $748,368 $561,912 $1,389,335 $186,456
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