Cathedral Foundation of the Diocese of Olympia (EIN 911699344) - 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

1995

Legal Domicile

Principal Officer

Julia Logan

Phone

2063254200

Tax Period

2023-01-01 to 2023-12-31

Cathedral Foundation of the Diocese of Olympia, founded in 1995, is a micro nonprofit in the Religion sector that reported $45K in total revenue in fiscal year 2023. Expenses of $81K exceeded revenue, resulting in a 81% operating deficit.

Mission

The Cathedral Foundation of the Diocese of Olympia raises and manages capital and endowment funds for the benefit of St. Marks Episcopal Cathedral for the preservation and enhancement of the Cathedrals buildings and grounds; exercising fiduciary responsibility to provide oversight of these assets.

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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 (2023)

Revenue Breakdown

Contributions & Grants $9,728

Program Service Revenue $0

Investment Income $34,956

Other Revenue $0

TOTAL REVENUE $44,684

Expense Breakdown

Grants Paid $76,285

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $76,285

Other Expenses $4,696

TOTAL EXPENSES $80,981

Year-over-Year Comparison

	2023	2022	Change
Revenue	$44,684	$45,353	0.0%
Expenses	$80,981	$79,551	+0.0%
Net Income	$-36,297	$-34,198	+0.1%

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
Julia Logan	Chair	5.00	Officer Director	$0	$0	$0
J Scott Kovacs	Vice Chair	5.00	Officer Director	$0	$0	$0
Deborah Person	Secretary	5.00	Officer Director	$0	$0	$0
Marc Aubertin	Treasurer	5.00	Officer Director	$0	$0	$0
Lynn Knutson	Director	1.00	Director	$0	$0	$0
The Rev Elise Jonstone	Director	1.00	Director	$0	$0	$0
The Very Rev Steven Thomason	Board Member Ex Offico	1.00	Director	$0	$0	$0
Thr Right Rev Philip Labelle	Board Member Ex Offico	1.00	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
2024	No data	No data	No data	No data
2023	$44,684	$80,981	$1,800,771	$-36,297
2022	$45,353	$79,551	$1,677,854	$-34,198
2021	$48,149	$71,960	$1,962,099	$-23,811
2020	$102,803	$75,695	$1,764,409	$27,108
2019	$58,649	$68,917	$1,610,683	$-10,268

Cathedral Foundation of the Diocese of Olympia