MOHAI FOUNDATION

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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

1990

Legal Domicile

Principal Officer

LEONARD GARFIELD

Phone

2063241126

Tax Period

2023-01-01 to 2023-12-31

MOHAI FOUNDATION, founded in 1990, is a small nonprofit that reported $340K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $622K exceeded revenue, resulting in a 83% operating deficit.

Mission

SUPPORT THE HISTORICAL SOCIETY OF SEATTLE AND KING COUNTY, DBA THE MUSEUM OF HISTORY AND INDUSTRY (MOHAI) BY MANAGING INVESTMENTS AND FACILITATING CONTRIBUTIONS.

Program Service Accomplishments

Program 1

Expenses: $600,000

THE MOHAI FOUNDATION'S PRIMARY PURPOSE IS THE MANAGEMENT OF INVESTMENTS FOR AND DISTRIBUTION OF INCOME TO THE HISTORICAL SOCIETY OF SEATTLE AND KING COUNTY, DBA THE MUSEUM OF HISTORY AND INDUSTRY...

THE MOHAI FOUNDATION'S PRIMARY PURPOSE IS THE MANAGEMENT OF INVESTMENTS FOR AND DISTRIBUTION OF INCOME TO THE HISTORICAL SOCIETY OF SEATTLE AND KING COUNTY, DBA THE MUSEUM OF HISTORY AND INDUSTRY (MOHAI), A SEPARATE 501(C)(3) ORGANIZATION.

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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 $0

Program Service Revenue $0

Investment Income $339,840

Other Revenue $0

TOTAL REVENUE $339,840

Expense Breakdown

Grants Paid $600,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $600,000

Other Expenses $21,809

TOTAL EXPENSES $621,809

Year-over-Year Comparison

	2023	2022	Change
Revenue	$339,840	$281,078	+0.2%
Expenses	$621,809	$619,072	+0.0%
Net Income	$-281,969	$-337,994	-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

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

N/A

Volunteers

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

$400,976

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNN LINDSAY	PRESIDENT	0.50	Officer Director	$0	$0	$0
ANDREW BOR	SECRETARY	0.10	Officer Director	$0	$0	$0
MAUREEN FRISCH	TRUSTEE	0.10	Director	$0	$0	$0
BILL GRINSTEIN	TRUSTEE	0.10	Director	$0	$0	$0
SUSAN LINDSAY	TRUSTEE	0.10	Director	$0	$0	$0
TOM MCQUAID	TRUSTEE	0.10	Director	$0	$0	$0
CHUCK NORDHOFF	TRUSTEE	0.10	Director	$0	$0	$0
CHAD RICHARDSON	TRUSTEE	0.10	Director	$0	$0	$0
LEONARD GARFIELD	EXECUTIVE DIRECTOR	0.50	Officer	$0	$16,150	$212,856
STEPHEN YAMAMOTO	DIRECTOR OF FINANCE	0.10	Officer	$0	$15,337	$188,120

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	$339,840	$621,809	$13,694,869	$-281,969
2022	$281,078	$619,072	$12,266,498	$-337,994
2021	$334,589	$617,639	$15,427,773	$-283,050
2020	$286,259	$615,257	$14,221,830	$-328,998
2019	$327,644	$565,218	$12,946,428	$-237,574
2018	$425,701	$565,602	$11,163,113	$-139,901