OLYMPIA EDUCATION FOUNDATION

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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

1998

Legal Domicile

Principal Officer

BRYAN D CREW

Phone

3605966110

Tax Period

2023-09-01 to 2024-08-31

OLYMPIA EDUCATION FOUNDATION, founded in 1998, is a small nonprofit in the Education sector that reported $333K in total revenue in fiscal year 2023. Expenses of $385K exceeded revenue, resulting in a 16% operating deficit.

Mission

THE OLYMPIA SCHOOL DISTRICT EDUCATION FOUNDATION PROVIDES PROGRAMS AND SERVICES TO STUDENTS AND PARTNERS WITH TEACHERS TO ENHANCE EDUCATIONAL SUCCESS AND PROMOTE LEARNING FOR ALL STUDENTS OF THE OLYMPIA SCHOOL DISTRICT.

Program Service Accomplishments

Program 1

Expenses: $115,310

THE "PRINCIPALS' EMERGENCY CHECKBOOK FUND" WAS ESTABLISHED AT ALL OF THE SCHOOLS IN THE OLYMPIA SCHOOL DISTRICT TO PROVIDE STUDENTS WITH BASIC NEEDS SUCH AS SCHOOL SUPPLIES, FOOD, CLOTHING, MEDICINE...

Program 2

Expenses: $83,537

GRANTS FOR: READING PROGRAMS, SCHOOL SUPPLIES, CURRICULUM DEVELOPMENT, TECHNICAL EQUIPMENT, BEFORE AND AFTER SCHOOL PROGRAMS, HOMELESS AND LOW INCOME STUDENT PROGRAMS, STEM AND ROBOTICS, AND...

GRANTS FOR: READING PROGRAMS, SCHOOL SUPPLIES, CURRICULUM DEVELOPMENT, TECHNICAL EQUIPMENT, BEFORE AND AFTER SCHOOL PROGRAMS, HOMELESS AND LOW INCOME STUDENT PROGRAMS, STEM AND ROBOTICS, AND SCHOLARSHIPS. THE GRANTS BENEFITED STUDENTS IN MULTIPLE GRADE LEVELS AT ALL THE SCHOOLS WITHIN THE DISTRICT.

Program 3

Expenses: $26,386

MENTAL HEALTH INITIATIVE PROGRAM WAS ESTABLISHED TO PROVIDE SUPPORT IN THE FOLLOWING AREAS: 1) TRAINING MATERIALS TO OSD TEACHERS AND STAFF IN THE AREAS LIKE SUICIDE PREVENTION, 2) ONLINE MENTAL...

MENTAL HEALTH INITIATIVE PROGRAM WAS ESTABLISHED TO PROVIDE SUPPORT IN THE FOLLOWING AREAS: 1) TRAINING MATERIALS TO OSD TEACHERS AND STAFF IN THE AREAS LIKE SUICIDE PREVENTION, 2) ONLINE MENTAL HEALTH TRAINING OPEN TO ALL OSD STUDENTS, FAMILIES AND STAFF, AND THE GREATER THURSTON COUNTY COMMUNITY, 3) PROVIDING FUNDS TO SUPPORT PROJECTS ADDRESSING SOCIAL AND EMOTIONAL LEARNING AND THE MENTAL AND PHYSICAL HEALTH OF OSD STUDENTS AND 4) A MENTAL HEALTH RESOURCE LIBRARY FOR OSD STAFF, WITH GRADE-LEVEL RESOURCES FOR STUDENTS AS WELL AS MATERIALS FOR STAFF.

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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 $277,755

Program Service Revenue $0

Investment Income $2,626

Other Revenue $52,235

TOTAL REVENUE $332,616

Expense Breakdown

Grants Paid $225,233

Salaries & Benefits $87,642

Fundraising Expenses $2,243

Program Expenses $225,233

Other Expenses $71,936

TOTAL EXPENSES $384,811

Year-over-Year Comparison

	2023	2022	Change
Revenue	$332,616	$340,177	0.0%
Expenses	$384,811	$377,673	+0.0%
Net Income	$-52,195	$-37,496	+0.4%

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

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
MIKE BOWEN	PRESIDENT	4.00	Officer Director	$0	$0	$0
JOY HOBBS	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
FRANK P MALONEY III	TREASURER	4.00	Officer Director	$0	$0	$0
BECKY MIDLES	SECRETARY	4.00	Officer Director	$0	$0	$0
KELSEY CHRISTENSEN-ABEL	PAST PRESIDENT	4.00	Officer Director	$0	$0	$0
THOMAS HENDERSON	TRUSTEE	1.00	Director	$0	$0	$0
MARTY BROWN	TRUSTEE	1.00	Director	$0	$0	$0
TREVOR SPELLER	TRUSTEE	1.00	Director	$0	$0	$0
BRYAN CREW	TRUSTEE	1.00	Director	$0	$0	$0
AMELIA LAYTON	TRUSTEE	1.00	Director	$0	$0	$0
ANNIE POCKLINGTON	TRUSTEE	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
2025	No data	No data	No data	No data
2024	$332,616	$384,811	$301,224	$-52,195
2023	$340,177	$377,673	$361,471	$-37,496
2022	$344,955	$429,021	$421,539	$-84,066
2021	$387,906	$308,046	$503,885	$79,860
2020	$301,295	$285,980	$442,675	$15,315
2019	$307,275	$280,723	$387,167	$26,552
2018	$290,524	$232,138	$352,258	$58,386