Sequim Senior Services dba Shipley Center

EIN: 911355592 501(c)(3) Human Services

Sequim, WA

Total Revenue
$919,965
Total Expenses
$930,265
Total Assets
$6,063,474
Net Assets
$5,841,024
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
WA
Principal Officer
Karen J Hanson
Phone
3606836806
Tax Period
2023-01-01 to 2023-12-31

Sequim Senior Services dba Shipley Center, founded in 1971, is a small nonprofit in the Human Services sector that reported $920K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Net assets of $5.8M represent 76 months of operating reserves.

Mission

The mission of Shipley Center is to enrich the lives of adults through social, health and fitness activities, trips, educational classes, low-income housing opportunities and referrals to community resources. As part of our mission to provide "low-income housing opportunities", Sequim Senior Services operates Baywood Village as a non-profit age 55+ adult mobile home community donated to our organization in July of 2013. To assist low income seniors, our mission is to rent the spaces in Baywood Village at the lowest rental rate available in the Sequim area. Currently the rent is $385 per month and includes water and septic services. In addition, all residents of Baywood Village are given a free membership to Shipley Center to provide opportunities for them to participate in enriching activities. Monies received in excess of the expenes of running Baywood Village and it's services are used towards our overall non-profit mission. Our organization opened a non-profit cafe in May of 2016 to

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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 $262,810
Program Service Revenue $487,125
Investment Income $89,164
Other Revenue $80,866
TOTAL REVENUE $919,965

Expense Breakdown

Grants Paid $49,809
Salaries & Benefits $510,894
Fundraising Expenses $27,304
Program Expenses $723,539
Other Expenses $369,562
TOTAL EXPENSES $930,265

Year-over-Year Comparison

2023 2022 Change
Revenue $919,965 $754,309 +0.2%
Expenses $930,265 $778,851 +0.2%
Net Income $-10,300 $-24,542 -0.6%
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

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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
1870
Independent Members
1870
Employees
16
Volunteers
85

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
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael M Smith Executive Director 50.00
$103,502 $0 $103,502
Margaret L Cox Vice President 4.00
Director
$0 $0 $0
Eileen Schmitz Director 4.00
Director
$0 $0 $0
Miriam L Sutton President 4.00
Officer Director
$0 $0 $0
Angela Jeziorski Director 4.00
Director
$0 $0 $0
Joel K Hanson Director 4.00
Director
$0 $0 $0
Cynthia A Crossman Director 4.00
Officer Director
$0 $0 $0
Renee Millar Secretary 4.00
Officer Director
$0 $0 $0
Beth Culhane Director 4.00
Director
$0 $0 $0
Judith A Lange Director 4.00
Director
$0 $0 $0
Charles Marshall Director 4.00
Director
$0 $0 $0
Theresa Nasmith Director 4.00
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 No data No data No data No data
2023 $919,965 $930,265 $6,063,474 $-10,300
2022 $754,309 $778,851 $6,131,652 $-24,542
2021 $869,782 $643,190 $6,051,494 $226,592
2020 $1,082,209 $631,064 $5,888,050 $451,145
2019 $773,780 $690,179 $5,085,979 $83,601
2018 $671,072 $1,076,503 $4,990,999 $-405,431
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