SEATTLE FOUNDATION (EIN 916013536) - Form 990 Financial Analysis & Trantor Score

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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

1946

Legal Domicile

Principal Officer

ALESHA WASHINGTON

Phone

2066222294

Tax Period

2024-01-01 to 2024-12-31

SEATTLE FOUNDATION, founded in 1946, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $314.7M in total revenue in fiscal year 2024. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $70.2M, a strong 22% operating margin.

Mission

IGNITE POWERFUL & REWARDING PHILANTHROPY TO MAKE SEATTLE A STRONGER VIBRANT COMMUNITY FOR ALL.

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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 $248,824,412

Program Service Revenue $3,184,213

Investment Income $62,689,496

Other Revenue $24,261

TOTAL REVENUE $314,722,382

Expense Breakdown

Grants Paid $210,661,952

Salaries & Benefits $13,183,154

Fundraising Expenses $1,170,687

Program Expenses $232,938,122

Other Expenses $20,703,531

TOTAL EXPENSES $244,548,637

Year-over-Year Comparison

	2024	2023	Change
Revenue	$314,722,382	$186,713,007	+0.7%
Expenses	$244,548,637	$182,608,290	+0.3%
Net Income	$70,173,745	$4,104,717	+16.1%

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

$961,795

Total Directors

Key Employees

$597,064

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ED TAYLOR	CHAIR	5.00	Officer Director	$0	$0	$0
KELLEY HALL	TREASURER	2.00	Officer Director	$0	$0	$0
AMY BANOVICH	TRUSTEE	2.00	Director	$0	$0	$0
AMY CARTER	TRUSTEE	2.00	Director	$0	$0	$0
BEN DANIELSON	TRUSTEE	2.00	Director	$0	$0	$0
COLLEEN ECHOHAWK	TRUSTEE	2.00	Director	$0	$0	$0
DIANA WHITE	TRUSTEE	2.00	Director	$0	$0	$0
DONNA MOODIE	TRUSTEE	2.00	Director	$0	$0	$0
ED THOMAS	TRUSTEE	2.00	Director	$0	$0	$0
JANET LEVINGER	TRUSTEE	2.00	Director	$0	$0	$0
KARLA HORWITZ	TRUSTEE	2.00	Director	$0	$0	$0
KERI RHODES	TRUSTEE	2.00	Director	$0	$0	$0
LARRY ESTRADA	TRUSTEE	2.00	Director	$0	$0	$0
ROBIN LIEN	TRUSTEE	2.00	Director	$0	$0	$0
TRISH MILLINES-DZIKO	TRUSTEE	2.00	Director	$0	$0	$0
ALESHA WASHINGTON	PRESIDENT & CEO	40.00	Officer	$481,225	$30,942	$512,167
LARRY BUYCKS	CHIEF FINANCIAL OFFICER	40.00	Officer	$280,708	$33,804	$314,512
MARIEL TURNER-TAMIYASU	DIR. STRATEGIC INITIATIVES & SEC.	40.00	Officer	$118,187	$16,929	$135,116
MICHELE FRIX DASSELL	EXECUTIVE VICE PRESIDENT	40.00	Key Emp	$274,059	$51,522	$325,581
MARY RENNEKAMP	CHIEF PHILANTHROPY OFFICER	40.00	Key Emp	$248,780	$22,703	$271,483
KRISTINE HERMANNS	CIO (THRU 12/23), CONTRACTOR	23.80	Highest	$287,236	$9,078	$296,314
THUY HUA-LY	HEALTHIERHERE CFO	40.00	Highest	$0	$26,808	$284,296
JOHN KIM	HEALTHIERHERE CEO	40.00	Highest	$0	$12,637	$252,145
SALLY GILLIS	CHIEF IMPACT OFFICER	40.00	Highest	$214,698	$40,545	$255,243
MARYA GINGREY	CHIEF EQUITY & STRATEGY OFFICER	40.00	Highest	$0	$38,913	$241,183
MICHAEL BROWN	EXEC-IN-RESIDENCE, COMM PS	40.00		$200,305	$47,690	$247,995
STEVE ANDRYSZEWSKI	MANAGING DIRECTOR, CONTROLLER	40.00		$191,463	$23,040	$214,503

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	$314,722,382	$244,548,637	$1,449,925,075	$70,173,745
2023	$186,713,007	$182,608,290	$1,320,217,050	$4,104,717
2022	$159,592,537	$208,182,776	$1,193,135,889	$-48,590,239
2021	$283,945,398	$230,833,709	$1,440,443,987	$53,111,689
2020	$303,698,138	$209,122,509	$1,281,544,781	$94,575,629
2019	$223,919,187	$143,052,797	$1,124,646,564	$80,866,390
2018	$169,608,921	$137,201,909	$923,672,252	$32,407,012

SEATTLE FOUNDATION