FRENCH AMERICAN SCHOOL OF PUGET SOUND

EIN: 911682584 501(c)(3) Education

MERCER ISLAND, WA

Total Revenue
$23,734,622
Total Expenses
$18,436,916
Total Assets
$42,341,715
Net Assets
$20,278,168
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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
1995
Legal Domicile
WA
Phone
2062753533
Tax Period
2024-07-01 to 2025-06-30

FRENCH AMERICAN SCHOOL OF PUGET SOUND, founded in 1995, is a mid-sized nonprofit in the Education sector that reported $23.7M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.3M, a strong 22% operating margin.

Mission

We challenge students to excel academically and thrive in French, American and international cultures, preparing the next generation of global citizens.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,437,007
Program Service Revenue $17,472,344
Investment Income $4,879,916
Other Revenue $-54,645
TOTAL REVENUE $23,734,622

Expense Breakdown

Grants Paid $0
Salaries & Benefits $13,135,519
Fundraising Expenses $599,793
Program Expenses $13,365,406
Other Expenses $5,207,508
TOTAL EXPENSES $18,436,916

Year-over-Year Comparison

2024 2023 Change
Revenue $23,734,622 $16,920,879 +0.4%
Expenses $18,436,916 $16,250,322 +0.1%
Net Income $5,297,706 $670,557 +6.9%
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
20
Independent Members
20
Employees
168
Volunteers
260

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
6
$690,050
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER CUE BOARD TREASURER 1.0
Officer Director
$0 $0 $0
JP KIRBY BOARD SECRETARY 1.0
Officer Director
$0 $0 $0
JULIEN HERVET BOARD CHAIR 1.0
Officer Director
$0 $0 $0
MATT AYERS BOARD VICE CHAIR 1.0
Officer Director
$0 $0 $0
AG LAMBERT GENERAL TRUSTEE 1.0
Director
$0 $0 $0
ALLEN COLIC GENERAL TRUSTEE 1.0
Director
$0 $0 $0
AMY GUSSIN GENERAL TRUSTEE 1.0
Director
$0 $0 $0
ANNE-CHRISTINE PONCELET GENERAL TRUSTEE 1.0
Director
$0 $0 $0
BEATRICE COPPENS GENERAL TRUSTEE 1.0
Director
$0 $0 $0
CHRISTIANE PEIN GENERAL TRUSTEE 1.0
Director
$0 $0 $0
GREGORIE CLAYES GENERAL TRUSTEE 1.0
Director
$0 $0 $0
JANE YOUNGE GENERAL TRUSTEE 1.0
Director
$0 $0 $0
JOAN BEAUREGARD GENERAL TRUSTEE 1.0
Director
$0 $0 $0
LAURA MOUSSEAU GENERAL TRUSTEE 1.0
Director
$0 $0 $0
MICHELLE CARLE GENERAL TRUSTEE 1.0
Director
$0 $0 $0
PETER IGEL GENERAL TRUSTEE 1.0
Director
$0 $0 $0
ROHAN DESHPANDE GENERAL TRUSTEE 1.0
Director
$0 $0 $0
SHARI DAMPHOUSSE GENERAL TRUSTEE 1.0
Director
$0 $0 $0
STEVE DISPENSA IMMEDIATE PAST CHAIR 1.0
Director
$0 $0 $0
YANNICK RIVETI GENERAL TRUSTEE 1.0
Director
$0 $0 $0
ERIC THUAU HEAD OF SCHOOL 40.0
Officer
$435,337 $52,364 $487,701
SUSAN GRIESSE CFO/COO 40.0
Officer
$191,329 $11,020 $202,349
BRIAN HOYT DIRECTOR OF TECHNOLOGY 40.0
Highest
$143,032 $25,877 $168,909
DEBORA WORRALL PRESCHOOL HEAD 40.0
Highest
$128,755 $17,844 $146,599
HEIDI PAIGE DIRECTOR OF DEVELOPMENT 40.0
Highest
$145,135 $22,630 $167,765
KHALID AMALI ELEMENTARY SCHOOL HEAD 40.0
Highest
$139,361 $14,061 $153,422
STACY CHANDLER HEAD OF MIDDLE SCHOOL 40.0
Highest
$147,554 $17,398 $164,952
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 $23,734,622 $18,436,916 $42,341,715 $5,297,706
2024 $16,920,879 $16,250,322 $37,532,586 $670,557
2023 $14,893,899 $14,006,509 $35,307,599 $887,390
2022 $13,177,469 $12,333,604 $16,998,993 $843,865
2021 $13,425,838 $11,770,390 $16,865,271 $1,655,448
2020 $10,875,720 $10,251,609 $16,294,923 $624,111
2019 $11,046,920 $9,837,511 $14,023,701 $1,209,409
2018 $9,984,450 $9,214,381 $13,929,587 $770,069
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