Friends of Salmon Bay (EIN 911622350) - Form 990 Financial Analysis & Trantor Score

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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

2008

Legal Domicile

Principal Officer

Chelsea Rittenmeyer

Phone

2062521720

Tax Period

2024-07-01 to 2025-06-30

Friends of Salmon Bay, founded in 2008, is a small nonprofit in the Education sector that reported $244K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $270K exceeded revenue, resulting in a 11% operating deficit.

Mission

FOSB's purpose is to support and supplement the educational environment established and overseen by the educators, staff members and administrators who teach and interact with these children.

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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 $240,721

Program Service Revenue $0

Investment Income $1,587

Other Revenue $1,377

TOTAL REVENUE $243,685

Expense Breakdown

Grants Paid $199,661

Salaries & Benefits $0

Fundraising Expenses $5,221

Program Expenses $259,309

Other Expenses $70,264

TOTAL EXPENSES $269,925

Year-over-Year Comparison

	2024	2023	Change
Revenue	$243,685	$210,731	+0.2%
Expenses	$269,925	$157,722	+0.7%
Net Income	$-26,240	$53,009	-1.5%

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
Julie Schneider	Co-Chair	2	Officer Director	$0	$0	$0
Shannon Robinson	Co-Chair	2	Officer Director	$0	$0	$0
Niamh Ward	Co-Treasurer	2	Officer Director	$0	$0	$0
Julie Carr	Co-Treasurer	2	Officer Director	$0	$0	$0
Chelsea Rittenmyer	Secretary	2	Officer Director	$0	$0	$0
Erin Rosenberg	Director	1	Director	$0	$0	$0
Jessica Timins	Director	1	Director	$0	$0	$0
Liila Woods	Director	1	Director	$0	$0	$0
Rebecca Trlica	Director	1	Director	$0	$0	$0
Samsy Martin-Gray	Director	1	Director	$0	$0	$0
Christine Miller	Director	1	Director	$0	$0	$0
Katie Roberts	Director	1	Director	$0	$0	$0
Melissa Carthum	Director	1	Director	$0	$0	$0
Barbara Dixon	Director	1	Director	$0	$0	$0
Brian LeBlanc	Director	1	Director	$0	$0	$0
Chase Treisman	Director	1	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
2025	$243,685	$269,925	$269,643	$-26,240
2024	$210,731	$157,722	$279,543	$53,009
2023	$188,230	$150,971	$342,397	$37,259
2019	$168,418	$252,640	$210,832	$-84,222
2018	$180,479	$196,920	$311,205	$-16,441
2018	$180,480	$176,034	$311,225	$4,446

Friends of Salmon Bay