GEORGE P HARDGROVE FOUNDATION

EIN: 916061389 501(c)(3)

SEATTLE, WA

Total Revenue
$36,933
Total Expenses
$18,928
Total Assets
$952,382
Net Assets
$952,382
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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
1961
Legal Domicile
WA
Principal Officer
CEIL ERICKSON
Phone
2066222294
Tax Period
2023-01-01 to 2023-12-31

GEORGE P HARDGROVE FOUNDATION, founded in 1961, is a micro nonprofit that reported $37K in total revenue in fiscal year 2023. Revenue surged 171% from the prior year, signaling strong growth momentum. The organization ran a surplus of $18K, a strong 49% operating margin.

Mission

GEORGE P. HARDGROVE FOUNDATION IS A TYPE I SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3) TO SEATTLE FOUNDATION.

Program Service Accomplishments

Program 1
Expenses: $2,674

GEORGE P. HARDGROVE FOUNDATION MAKES GRANTS IN SUPPORT OF SEATTLE FOUNDATION'S CHARITABLE PURPOSE, SPECIFICALLY TO INDIVIDUALS WHO DO NOT HAVE THE FINANCIAL MEANS SEEKING ACCESS TO CATHOLIC EDUCATION.

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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 $0
Program Service Revenue $0
Investment Income $36,933
Other Revenue $0
TOTAL REVENUE $36,933

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,674
Other Expenses $18,928
TOTAL EXPENSES $18,928

Year-over-Year Comparison

2023 2022 Change
Revenue $36,933 $13,628 +1.7%
Expenses $18,928 $67,258 -0.7%
Net Income $18,005 $-53,630 -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

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
3

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
2
$51,614
Total Directors
4
$51,614
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CEIL ERICKSON PRES./VP/SECRETARY/TREAS. 1.00
Officer Director
$0 $1,863 $51,614
JAMES ROHRBACK PRESIDENT 1.00
Officer Director
$0 $0 $0
JOSEPHINE TAMAYO MURRAY TRUSTEE 1.00
Director
$0 $0 $0
JIM MINORCHIO 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
2024 No data No data No data No data
2023 $36,933 $18,928 $952,382 $18,005
2022 $13,628 $67,258 $837,500 $-53,630
2021 $58,700 $71,246 $1,064,560 $-12,546
2020 $49,249 $69,280 $980,745 $-20,031
2019 $42,671 $63,265 $931,446 $-20,594
2018 $55,505 $110,391 $836,072 $-54,886
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