SEATTLE ECONOMIC DEVELOPMENT FUND BUSINESS IMPACT NW (EIN 911764008) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

JOE SKY-TUCKER

Phone

2063244330

Tax Period

2024-01-01 to 2024-12-31

SEATTLE ECONOMIC DEVELOPMENT FUND BUSINESS IMPACT NW, founded in 1997, is a community nonprofit in the Community Improvement sector that reported $9.1M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum.

Mission

BUSINESS IMPACT NW GROWS BUSINESS THAT CREATE JOBS IN UNDERSERVED COMMUNITIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,119,103

Program Service Revenue $2,588,307

Investment Income $67,829

Other Revenue $364,662

TOTAL REVENUE $9,139,901

Expense Breakdown

Grants Paid $71,367

Salaries & Benefits $5,917,882

Fundraising Expenses $735,170

Program Expenses $6,074,850

Other Expenses $2,885,030

TOTAL EXPENSES $8,874,279

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,139,901	$6,779,426	+0.3%
Expenses	$8,874,279	$8,795,037	+0.0%
Net Income	$265,622	$-2,015,611	-1.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$312,882

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN ZMOLEK	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
KELLEN BALL	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
PAUL KIRKBRIDE	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
LORRI WALLACE	SECRETARY	0.50	Officer Director	$0	$0	$0
JESSICA ENZI	DIRECTOR (THRU 1/24)	1.00	Director	$0	$0	$0
PETER HA	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT LUETTJOHANN	DIRECTOR	1.00	Director	$0	$0	$0
SEAN O'MEALIA	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN SNYDER	DIRECTOR	1.00	Director	$0	$0	$0
KURT HEATH	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH SKY-TUCKER	PRESIDENT/CEO	40.00	Officer	$149,805	$17,743	$167,548
HENRY HITT	CFO/COO	40.00	Officer	$134,404	$10,930	$145,334
DOMONIQUE JULEON	CPO	40.00	Highest	$140,520	$11,157	$151,677

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	$9,139,901	$8,874,279	$29,544,770	$265,622
2023	$6,779,426	$8,795,037	$30,476,339	$-2,015,611
2022	$9,619,486	$6,702,997	$28,030,464	$2,916,489
2021	$7,984,943	$3,774,839	$28,288,075	$4,210,104
2020	$5,335,968	$3,648,892	$20,551,413	$1,687,076
2019	$2,310,123	$2,351,635	$11,530,949	$-41,512
2018	$1,937,695	$1,868,849	$11,398,097	$68,846

SEATTLE ECONOMIC DEVELOPMENT FUND BUSINESS IMPACT NW