Seattle Storm 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

2001

Legal Domicile

Principal Officer

Terri Fujinaga

Phone

2062722620

Tax Period

2024-01-01 to 2024-12-31

Seattle Storm Foundation, founded in 2001, is a small nonprofit in the Youth Development sector that reported $325K in total revenue in fiscal year 2024. Revenue surged 260% from the prior year, signaling strong growth momentum. Expenses of $307K left a modest 6% surplus.

Mission

OUR MISSION IS TO OFFER CHARITABLE AND EDUCATIONAL OPPORTUNITIES TO YOUTH IN THE PACIFIC NORTHWEST, AS WELL AS SUPPORT THE BIPOC COMMUNITY AND INITIATIVES THROUGH THE PLATFORM OF PROFESSIONAL BASKETBALL.

Program Service Accomplishments

Program 1

Expenses: $286,137 Revenue: $0

SEATTLE STORM FOUNDATION AIMS TO IDENTIFY NONPROFIT ORGANIZATIONS WHICH SUPPORT THEIR MISSION TO AWARD FUNDING TOWARDS THEIR MISSION. THERE WERE 17 NONPROFIT ORGANIZATIONS SELECTED TO RECEIVE AWARDS...

Program 2

Expenses: $5,793

THE FORCE 4 CHANGE IS A SOCIAL RESPONSIBILITY PLATFORM THAT PROVIDES SPORT BUILDING SKILLS TO CREATE MEANINGFUL CHANGES IN SEATTLE IN ORDER TO BUILD A STRONGER COMMUNITY AND A BETTER FUTURE. THESE...

THE FORCE 4 CHANGE IS A SOCIAL RESPONSIBILITY PLATFORM THAT PROVIDES SPORT BUILDING SKILLS TO CREATE MEANINGFUL CHANGES IN SEATTLE IN ORDER TO BUILD A STRONGER COMMUNITY AND A BETTER FUTURE. THESE ARE VALUES THAT UNDERLIES EVERY AREA OF WORK ON AND OFF THE COURT. FORCE 4 CHANGE ALSO AIMS TO PROVIDE VOTING EDUCATION AND LEGISLATION, AMPLIFY BLACK WOMAN AND SUPPORT BIPOC AND LGBTQ YOUTH COMMUNITIES IN THE PACIFIC NW.

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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 $324,462

Program Service Revenue $0

Investment Income $200

Other Revenue $0

TOTAL REVENUE $324,662

Expense Breakdown

Grants Paid $286,137

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $291,930

Other Expenses $20,595

TOTAL EXPENSES $306,732

Year-over-Year Comparison

	2024	2023	Change
Revenue	$324,662	$90,194	+2.6%
Expenses	$306,732	$147,157	+1.1%
Net Income	$17,930	$-56,963	-1.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAWN TRUDEAU	Director	1.0	Officer Director	$0	$0	$0
Terri Fujinaga	TREASURER	1.0	Officer Director	$0	$0	$0
LISA BRUMMEL	BOARD MEMBER	1.0	Director	$0	$0	$0
VIRGINIA GILDER	BOARD MEMBER	1.0	Director	$0	$0	$0
ALISHA VALAVANIS	BOARD MEMBER	1.0	Director	$0	$0	$0
Maria Barrientos	Director	1.0	Officer 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	$324,662	$306,732	$236,282	$17,930
2023	$90,194	$147,157	$249,384	$-56,963
2022	$215,474	$178,726	$255,632	$36,748
2021	$212,682	$126,966	$218,184	$85,716