BENEFITS LAW CENTER

EIN: 911866898 501(c)(3) Human Services

SEATTLE, WA

Total Revenue
$990,050
Total Expenses
$1,117,204
Total Assets
$1,814,393
Net Assets
$1,233,965
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
WA
Principal Officer
HUY NGUYEN
Phone
2066867252
Tax Period
2023-01-01 to 2023-12-31

BENEFITS LAW CENTER, founded in 1997, is a small nonprofit in the Human Services sector that reported $990K in total revenue in fiscal year 2023. Revenue surged 75% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 13% operating deficit.

Mission

BENEFITS LAW CENTER PROVIDES ACCESSIBLE LEGAL ADVOCACY TO PEOPLE LIVING WITH PHYSICAL AND MENTAL DISABILITIES SO THAT THEY MAY OBTAIN THE RESOURCES NECESSARY TO OVERCOME BARRIERS TO FINANCIAL AND MEDICAL STABILITY. WE FURTHER OUR MISSION THROUGH TARGETED ADVOCACY PROJECTS THAT HELP PEOPLE WITH SOCIAL SECURITY DISABILITY PROBLEMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $908,402
Program Service Revenue $82,484
Investment Income $6,721
Other Revenue $-7,557
TOTAL REVENUE $990,050

Expense Breakdown

Grants Paid $0
Salaries & Benefits $919,115
Fundraising Expenses $216,218
Program Expenses $779,677
Other Expenses $198,089
TOTAL EXPENSES $1,117,204

Year-over-Year Comparison

2023 2022 Change
Revenue $990,050 $565,069 +0.8%
Expenses $1,117,204 $1,042,130 +0.1%
Net Income $-127,154 $-477,061 -0.7%
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
7
Independent Members
7
Employees
10
Volunteers
7

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
4
$126,000
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHARI MARION PRESIDENT 2.00
Officer Director
$0 $0 $0
ABIGAIL DAQUIZ SECRETARY 2.00
Officer Director
$0 $0 $0
AMY TSAI TREASURER 2.00
Officer Director
$0 $0 $0
WILL LIVESLY-O'NEIL MEMBER 1.00
Director
$0 $0 $0
THADDAEUS GREGORY MEMBER 1.00
Director
$0 $0 $0
COREY GUILMETTE MEMBER 1.00
Director
$0 $0 $0
SUSAN LEE MEMBER 1.00
Director
$0 $0 $0
HUY NGUYEN EXECUTIVE DIRECTOR 35.00
Officer
$120,000 $6,000 $126,000
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 $990,050 $1,117,204 $1,814,393 $-127,154
2022 $565,069 $1,042,130 $1,866,684 $-477,061
2021 $1,630,715 $908,721 $1,887,904 $721,994
2020 $1,162,990 $990,274 $1,267,635 $172,716
2019 $961,009 $759,485 $967,828 $201,524
2018 $935,052 $479,372 $762,903 $455,680
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