SEATTLE PARKS 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

1999

Legal Domicile

Principal Officer

REBECCA BEAR

Phone

2063329900

Tax Period

2024-07-01 to 2025-06-30

SEATTLE PARKS FOUNDATION, founded in 1999, is a community nonprofit in the Recreation & Sports sector that reported $9.3M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $8.2M left a modest 11% surplus.

Mission

WE PARTNER WITH COMMUNITY TO CHAMPION THRIVING AND EQUITABLE PARKS AND PUBLIC SPACES.

Program Service Accomplishments

Program 1

Expenses: $6,714,245 Revenue: $78,150

SEATTLE PARKS FOUNDATION WORKS WITH COMMUNITY GROUPS TO ACTIVATE, IMPROVE AND ADVANCE PUBLIC SPACES IN SEATTLE AND KING COUNTY. WE HAD 8,500 COMMUNITY VOLUNTEERS AND OVER 250 CORPORATE VOLUNTEERS. WE BROUGHT IN 38 NEW PARTNERS AND HAVE OVER 100 EXISTING PARTNER GROUPS WORKING ON PROJECTS THROUGHOUT THE CITY AND REGION.

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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 $8,828,487

Program Service Revenue $78,150

Investment Income $352,328

Other Revenue $-2,473

TOTAL REVENUE $9,256,492

Expense Breakdown

Grants Paid $307,929

Salaries & Benefits $2,042,469

Fundraising Expenses $677,145

Program Expenses $6,714,245

Other Expenses $5,765,095

TOTAL EXPENSES $8,201,452

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,256,492	$6,268,982	+0.5%
Expenses	$8,201,452	$7,815,734	+0.0%
Net Income	$1,055,040	$-1,546,752	-1.7%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

10000

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

$517,373

Total Directors

$128,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEB GUENTHER	CHAIR	2.00	Officer Director	$0	$0	$0
RACHEL KIRSCHNER	TREASURER	2.00	Officer Director	$0	$0	$0
CATHERINE WALKER	SECRETARY	2.00	Officer Director	$0	$0	$0
ROSS BAKER	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW BLOOM	BOARD MEMBER	2.00	Director	$0	$0	$0
BETH PURCELL	BOARD MEMBER	2.00	Director	$128,850	$0	$128,850
ALLEGRA CALDER	BOARD MEMBER	2.00	Director	$0	$0	$0
MAYA MENDOZA-EXTROM	BORAD MEMBER	2.00	Director	$0	$0	$0
ANN GRODNIK-NAGLE	BOARD MEMBER	2.00	Director	$0	$0	$0
MARLON HERRERA	BOARD MEMBER	2.00	Director	$0	$0	$0
GERRY JOHNSON	BOARD MEMBER	2.00	Director	$0	$0	$0
TAHREEM KAMPTON	BOARD MEMBER	2.00	Director	$0	$0	$0
GARRETT KEPHART	BOARD MEMBER	2.00	Director	$0	$0	$0
TIM LEHMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
KWADWO OWARE	BOARD MEMBER	2.00	Director	$0	$0	$0
HEATHER PFAHL	BOARD MEMBER	2.00	Director	$0	$0	$0
AMIT RANADE	BOARD MEMBER	2.00	Director	$0	$0	$0
NEELIMA SHAH	BOARD MEMBER	2.00	Director	$0	$0	$0
MIKE STANLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
JEREMY HESS	BOARD MEMBER THRU 09/24	2.00	Director	$0	$0	$0
ELIANA MARTINEZ	BOARD MEMBER THRU 06/25	2.00	Director	$0	$0	$0
REBECCA BEAR	PRESIDENT & CEO	40.00	Officer	$191,410	$21,749	$213,159
KRISTEN MILLIRON	COO	40.00	Officer	$164,932	$11,837	$176,769
DUANE LANDON	DIRECTOR OF FINANCE	40.00	Officer	$116,516	$10,929	$127,445
SHAVA LAWSON	DIRECTOR OF FISCAL SPONSORSHIP	40.00	Highest	$113,624	$10,845	$124,469
MICHELLE BENETUA	DIRECTOR OF STRATEGIC PARTNERSHIPS	40.00	Highest	$100,501	$10,562	$111,063

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	$9,256,492	$8,201,452	$15,321,360	$1,055,040
2024	$6,268,982	$7,815,734	$12,471,147	$-1,546,752
2023	$4,102,059	$6,240,251	$13,536,015	$-2,138,192
2022	$6,216,658	$5,614,305	$14,229,457	$602,353
2021	$6,808,080	$6,321,541	$15,495,832	$486,539
2020	$5,462,372	$3,809,133	$13,250,434	$1,653,239
2019	$4,467,882	$3,816,449	$11,801,311	$651,433