VASHON ISLAND COMMUNITY CARE

EIN: 911703092 501(c)(3)

BELLEVUE, WA

Total Revenue
$7,029,629
Total Expenses
$1,206,199
Total Assets
$215,241
Net Assets
N/A
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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
Principal Officer
TORSTEN HIRCHE
Phone
4255596301
Tax Period
2022-10-01 to 2023-09-30

VASHON ISLAND COMMUNITY CARE, founded in 1995, is a community nonprofit that reported $7.0M in total revenue in fiscal year 2022. Revenue surged 941% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.8M, a strong 83% operating margin.

Mission

HOME AND ASSISTED LIVING CENTER ON VASHON ISLAND, WASHINGTON

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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 (2022)

Revenue Breakdown

Contributions & Grants $521,664
Program Service Revenue $0
Investment Income $6,473,155
Other Revenue $34,810
TOTAL REVENUE $7,029,629

Expense Breakdown

Grants Paid $50,000
Salaries & Benefits $2,404
Fundraising Expenses $0
Program Expenses $360,715
Other Expenses $1,153,795
TOTAL EXPENSES $1,206,199

Year-over-Year Comparison

2022 2021 Change
Revenue $7,029,629 $675,044 +9.4%
Expenses $1,206,199 $1,499,256 -0.2%
Net Income $5,823,430 $-824,212 -8.1%
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

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Governance

Voting Members
10
Independent Members
9
Employees
2
Volunteers
10

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
$1,630,998
Total Directors
11
$972,664
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TORSTEN HIRCHE PRESIDENT & CEO 1.00
Officer Director
$0 $27,682 $972,664
MICHAEL CONNELL TREASURER & CFO 1.00
Officer
$0 $20,998 $552,884
MICHELLE LUKE SECRETARY 1.00
Officer
$0 $5,100 $105,450
SCOTT LUMSDEN CHAIR & DIRECTOR 0.10
Officer Director
$0 $0 $0
MARY WAGNER VICE CHAIR & CHAIR 0.10
Officer Director
$0 $0 $0
JESSE BOND DIRECTOR & VICE CHAIR 0.10
Officer Director
$0 $0 $0
BARB BENNETT DIRECTOR 0.10
Director
$0 $0 $0
CATHY DANIGELIS DIRECTOR 0.10
Director
$0 $0 $0
JOHN IWANSKI DIRECTOR (THROUGH OCTOBER 2022) 0.10
Director
$0 $0 $0
JIM MELHORN DIRECTOR 0.10
Director
$0 $0 $0
KARIN MILLER DIRECTOR 0.10
Director
$0 $0 $0
LISA NELSON DIRECTOR 0.10
Director
$0 $0 $0
GREG RUSSELL DIRECTOR 0.10
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
2023 $7,029,629 $1,206,199 $215,241 $5,823,430
2022 $675,044 $1,499,256 $5,154,279 $-824,212
2021 $2,980,041 $4,105,243 $5,973,230 $-1,125,202
2020 $3,168,289 $3,977,611 $6,889,222 $-809,322
2019 $4,189,874 $5,631,514 $6,391,654 $-1,441,640
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