Sequim School District Scholarship… - Form 990 Financial Data

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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

1993

Legal Domicile

Principal Officer

Andrea Bekkavar

Phone

3604601305

Tax Period

2022-01-01 to 2022-12-31

Sequim School District Scholarship Foundation, founded in 1993, is a micro nonprofit that reported $2K in total revenue in fiscal year 2022. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $10K exceeded revenue, resulting in a 411% operating deficit.

Mission

To provide college and vocational school scholarships to graduating high school seniors from Sequim High School (School District No. 323).

Program Service Accomplishments

Program 1

Expenses: $8,000

Provided college and vocational school scholarships to nine (9) graduating high school seniors from Sequim High School (School District No. 323).

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,511

Other Revenue $500

TOTAL REVENUE $2,011

Expense Breakdown

Grants Paid $8,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,000

Other Expenses $2,278

TOTAL EXPENSES $10,278

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,011	$21,548	-0.9%
Expenses	$10,278	$8,913	+0.2%
Net Income	$-8,267	$12,635	-1.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Georgia Nickerson	Director	0.04	Director	$0	$0	$0
Harriet Freeman	Vice President	0.19	Officer Director	$0	$0	$0
Sauni Holt	Treasurer	0.12	Officer Director	$0	$0	$0
Mary Jo Camagna	Secretary	0.87	Officer Director	$0	$0	$0
Judy Reno	Director	0.04	Director	$0	$0	$0
Cheryl Gray	President	0.38	Officer 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
2022	$2,011	$10,278	$128,227	$-8,267

Sequim School District Scholarship Foundation