ISSAQUAH SCHOOLS 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

1987

Legal Domicile

Principal Officer

LAILA COLLINS

Phone

4253918557

Tax Period

2023-09-01 to 2024-08-31

ISSAQUAH SCHOOLS FOUNDATION, founded in 1987, is a small nonprofit that reported $972K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Net assets of $2.1M represent 26 months of operating reserves.

Mission

THE ISSAQUAH SCHOOLS FOUNDATION, IN PARTNERSHIP WITH THE ISSAQUAH SCHOOL DISTRICT, DRIVES RESOURCES TO HELP STUDENTS REACH THE PROMISE OF THEIR POTENTIAL.

Program Service Accomplishments

Program 1

Expenses: $179,938

ACADEMIC SUPPORT - PROVIDED FUNDS FOR CERTIFIED STAFF TO HELP SUTDENTS IN MATH, READING OR WRITING - LIBRARY BOOKS - LITERACY SUPPORT - ONLINE SUBSCRIPTIONS - IMPACT SCHOLARSHIPS FOR JUNIORS AND...

ACADEMIC SUPPORT - PROVIDED FUNDS FOR CERTIFIED STAFF TO HELP SUTDENTS IN MATH, READING OR WRITING - LIBRARY BOOKS - LITERACY SUPPORT - ONLINE SUBSCRIPTIONS - IMPACT SCHOLARSHIPS FOR JUNIORS AND SENIORS - ELEMENTARY SPECIAL EDUCATIONAL PROGRAMS - STUDENT CLUB GRANTS

Program 2

Expenses: $110,127

BASIC STUDENT NEEDS - INCLUDING MENTAL HEALTH SUPPORT - BACKPACKS AND SUPPLIES FOR LOW INCOME STUDENTS - BEHAVIORAL HEALTH SUPPORT IN SEL CURRICULUM - FIRST AID MENTAL HEALTH TRAINING FOR ISD STAFF ASSISTING STUDENTS IN CRISIS - FOOD SUPPORT THROUGHOUT THE YEAR - SUPPORT FOR PARENTWISER SPEAKER SERIES ON MENTAL HEALTH TOPICS - SUPPORT FOR STUDENT INTERVENTIONS SERVICES

Program 3

Expenses: $138,418

ACADEMIC ENRICHMENT - INCLUDES PROFESSIONAL DEVELOPMENT - TEACHER CLASSROOM GRANTS - ROBOTICS - FINE ART - HIGH SCHOOL CLUB GRANTS - STUDENT SCHOLARSHIPS - PREPARATION FOR THE WORKFORCE - SUPPORT OF...

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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 $925,540

Program Service Revenue $0

Investment Income $0

Other Revenue $46,836

TOTAL REVENUE $972,376

Expense Breakdown

Grants Paid $464,624

Salaries & Benefits $294,377

Fundraising Expenses $147,660

Program Expenses $428,483

Other Expenses $225,498

TOTAL EXPENSES $984,499

Year-over-Year Comparison

	2023	2022	Change
Revenue	$972,376	$900,146	+0.1%
Expenses	$984,499	$947,157	+0.0%
Net Income	$-12,123	$-47,011	-0.7%

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

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

$87,203

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VALERIE KOROCK	INTERIM EXECUTIVE DIR	40.00	Key Emp	$81,537	$0	$81,537
DWIGHT HECKELMAN	EXECUTIVE DIRECTOR	40.00	Key Emp	$5,666	$0	$5,666
TRISHA MARSHALL	BOARD PRESIDENT	33.00	Officer	$0	$0	$0
LAILA COLLINS	TREASURER	4.000	Officer Director	$0	$0	$0
SWATI JAIN	HR CHAIR	3.000	Director	$0	$0	$0
CLOE ZENG	BOARD MEMBER AT LARGE	1.500	Director	$0	$0	$0
ADRIANA STEMENOVA	FINANCE COMM COCHAIR	3.500	Director	$0	$0	$0
IAN TERRY	FINANCE COMM COCHAIR	2.000	Director	$0	$0	$0
LAURA GAFFNEY	PROGRAM COMM CHAIR	7.000	Director	$0	$0	$0
HILARY DOHERTY	BOARD TRUSTEE	2.000	Director	$0	$0	$0
MARLOW DAYLEY	BOARD TRUSTEE	2.000	Director	$0	$0	$0
BEN FAGERLIND	RESOURCE DEV CHAIR	1.500	Director	$0	$0	$0
MARCELLE WALDMAN	BOARD TRUSTEE	2.500	Director	$0	$0	$0
DENISE INGRAM	BOARD SECRETARY	2.000	Officer Director	$0	$0	$0
JOANA FIGUEIREDO	BOARD TRUSTEE	1.500	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	$972,376	$984,499	$2,154,371	$-12,123
2023	$900,146	$947,157	$2,080,621	$-47,011
2022	$950,914	$1,148,426	$1,853,145	$-197,512
2021	$1,160,357	$987,825	$2,201,513	$172,532
2020	$1,112,224	$1,163,105	$1,747,575	$-50,881
2019	$1,505,916	$1,444,963	$1,740,990	$60,953
2018	$1,517,128	$1,508,719	$1,710,843	$8,409