HISTORIC SEATTLE PRESERVATION FOUNDATION (EIN 911729777) - 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

1996

Legal Domicile

Principal Officer

KJI KELLY

Phone

2066226952

Tax Period

2024-01-01 to 2024-12-31

HISTORIC SEATTLE PRESERVATION FOUNDATION, founded in 1996, is a community nonprofit in the Environment sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 10% operating deficit.

Mission

TO PROMOTE THE PRESERVATION AND ENHANCEMENT OF THE HISTORIC HERTITAGE OF THE SEATTLE AREA, AND TO SUPPORT THE ACTIVITIES OF THE HISTORIC SEATTLE PRESERVATION AND DEVELOPMENT AUTHORTITY.

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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 $1,021,667

Program Service Revenue $5,325

Investment Income $4,164

Other Revenue $204

TOTAL REVENUE $1,031,360

Expense Breakdown

Grants Paid $1,063,156

Salaries & Benefits $0

Fundraising Expenses $29,050

Program Expenses $1,094,200

Other Expenses $45,957

TOTAL EXPENSES $1,138,163

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,031,360	$697,627	+0.5%
Expenses	$1,138,163	$942,905	+0.2%
Net Income	$-106,803	$-245,278	-0.6%

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

$185,798

Total Directors

$185,798

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KJI KELLY	PRESIDENT	1.00	Officer Director	$0	$0	$185,798
PETER MILLS	DIRECTOR	0.25	Director	$0	$0	$0
KAREN BRECKENRIDGE	DIRECTOR	0.25	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	$1,031,360	$1,138,163	$549,931	$-106,803
2023	$697,627	$942,905	$654,305	$-245,278
2022	$989,992	$642,689	$905,588	$347,303
2021	$404,410	$734,743	$6,593,811	$-330,333
2020	$368,871	$394,006	$6,928,170	$-25,135
2019	$464,457	$229,475	$6,959,769	$234,982
2018	$322,922	$383,735	$6,715,492	$-60,813

HISTORIC SEATTLE PRESERVATION FOUNDATION