OLYMPIC COLLEGE 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

1993

Legal Domicile

Principal Officer

RUSS SHIPLET

Phone

3604757120

Tax Period

2024-07-01 to 2025-06-30

OLYMPIC COLLEGE FOUNDATION, founded in 1993, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.7M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $2.3M, a strong 63% operating margin.

Mission

THE MISSION OF THE OLYMPIC COLLEGE FOUNDATION - WE TRANSFORM LIVES BY PARTNERING WITH THE COMMUNITY TO SUPPORT OLYMPIC COLLEGE AND ITS STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $753,028

CUSTODIAN OF FUNDS TO BE USED FOR SCHOLARSHIP TO THE STUDENTS OF OLYMPIC COLLEGE.

Program 2

Expenses: $463,388

SUPPORT FOR THE EVENTS AND PROGRAMS OF OLYMPIC COLLEGE AND ITS SATELLITE CAMPUSES.

Program 3

Expenses: $39,969

MANAGEMENT OF MULTIPLE ENDOWMENTS THAT PROVIDE THE ANNUAL SCHOLARSHIPS AND OTHER PROGRAM FUNDS TO BENEFIT OLYMPIC COLLEGE AND STUDENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,010,040

Program Service Revenue $0

Investment Income $633,930

Other Revenue $53,706

TOTAL REVENUE $3,697,676

Expense Breakdown

Grants Paid $1,216,416

Salaries & Benefits $0

Fundraising Expenses $62,617

Program Expenses $1,093,309

Other Expenses $138,666

TOTAL EXPENSES $1,355,082

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,697,676	$4,279,996	-0.1%
Expenses	$1,355,082	$1,243,403	+0.1%
Net Income	$2,342,594	$3,036,593	-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

130

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

$280,053

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON BERGLIND	PRESIDENT	10.00	Officer Director	$0	$0	$0
CHARLES ROBERTSON	VP FOR DEVELOPMENT	5.00	Officer Director	$0	$0	$0
AARON SCHIELKE	TREASURER	5.00	Officer Director	$0	$0	$0
BRENDON TAGA	VP FOR GOVERNANCE	5.00	Director	$0	$0	$0
PETER BRAUN	BOARD MEMBER	1.00	Director	$0	$0	$0
HARRIETTE BYRANT	OLYMPIC COLLEGE BOT LIAISO	1.00	Director	$0	$0	$0
SANDRA ROCHA EVANOFF	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIELLE PRIEST	BOARD MEMBER	1.00	Director	$0	$0	$0
LILLIAN ROBERTSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARGARET LYNN MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID HEDDERLY-SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC BERGLIND	BOARD MEMBER	1.00	Director	$0	$0	$0
ENRICO SIO	BOARD MEMBER	1.00	Director	$0	$0	$0
WILL CLEMMER	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT LINDLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARON ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRY COX	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANA RIGGINS	BOARD MEMBER	1.00	Director	$0	$0	$0
RUSS SHIPLET	VP GOVERNANCE	5.00	Director	$0	$0	$0
MARTY CAVALLUZZI	PRESIDENT OF OLYMPIC COLLE	5.00	Officer	$0	$0	$269,428
JOAN HANTEN	INTERIM PRESIDENT OF OLYMPIC COLLEGE	5.00	Officer	$0	$0	$10,625

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
2025	$3,697,676	$1,355,082	$29,388,624	$2,342,594
2024	$4,279,996	$1,243,403	$24,816,364	$3,036,593
2023	$1,593,502	$1,161,438	$21,061,592	$432,064
2022	$1,748,096	$1,469,584	$19,483,622	$278,512
2021	$2,519,893	$596,093	$22,606,117	$1,923,800
2020	$2,875,971	$1,070,786	$17,489,466	$1,805,185
2019	$1,215,567	$1,787,099	$16,005,489	$-571,532
2018	$3,117,879	$1,974,586	$15,822,192	$1,143,293