MOHAI FOUNDATION

EIN: 911505627 501(c)(3)

SEATTLE, WA

Total Revenue
$339,840
Total Expenses
$621,809
Total Assets
$13,694,869
Net Assets
$13,690,982
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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
WA
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'S MUSEUM OF HISTORY AND INDUSTRY.

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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 $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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
8

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
4
$400,976
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
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
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