Greater Seattle Business Assn Scho… - Form 990 Financial Data

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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

1990

Legal Domicile

Principal Officer

Ilona Lohrey

Phone

2063639188

Tax Period

2024-01-01 to 2024-12-31

Greater Seattle Business Assn Scholarship Fund, founded in 1990, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Expenses of $1.2M left a modest 10% surplus.

Mission

To provide undergraduate, graduate and trade scholarships and leadership development for LGBTQ and allied students.

Program Service Accomplishments

Program 1

Expenses: $552,724

Scholarships Awarded: GSBA supports LGBTQ+ and allied students who demonstrate the vision and the ability to truly make a difference in the world. With a GSBA scholarship, students are able to focus more wholly on their academic pursuits. With the financial burden lightened, they are able to work one less job, avoid debt and involve themselves in community activities.

Program 2

Expenses: $473,761

Outreach and Education: Scholars engage in workshops facilitated by GSBA Business Members, former GSBA Scholars, elected officials, and other community leaders centered around developing and growing...

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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 $1,267,023

Program Service Revenue $0

Investment Income $94,820

Other Revenue $-6,525

TOTAL REVENUE $1,355,318

Expense Breakdown

Grants Paid $552,724

Salaries & Benefits $0

Fundraising Expenses $119,291

Program Expenses $1,026,485

Other Expenses $659,284

TOTAL EXPENSES $1,217,008

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,355,318	$1,307,039	+0.0%
Expenses	$1,217,008	$1,113,002	+0.1%
Net Income	$138,310	$194,037	-0.3%

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

130

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

$311,178

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ilona Lohrey	President & CEO	19.00	Officer	$0	$10,486	$183,898
Rachel Chernin	VP Ops. & Fin.	19.00	Officer	$0	$9,771	$127,280
Christopher Marcacci	Deputy Director	20.00		$0	$5,986	$113,501
Eve Hwang	Chair	5.00	Officer Director	$0	$0	$0
Roby Schapira	Vice Chair	5.00	Officer Director	$0	$0	$0
Susan Fuller	Secretary	5.00	Officer Director	$0	$0	$0
Jordie Neth	Treasurer	3.00	Officer Director	$0	$0	$0
Eli Allison	Director	2.00	Director	$0	$0	$0
David Blandford	Director	2.00	Director	$0	$0	$0
Christopher Canlas	Director	2.00	Director	$0	$0	$0
Carrie Carson	Director	5.00	Director	$0	$0	$0
Leda Chahim	Director	2.00	Director	$0	$0	$0
Danny Cords	Director	2.00	Director	$0	$0	$0
Linda Di Lello-Morton	Director	2.00	Director	$0	$0	$0
Roz Edison	Director	2.00	Director	$0	$0	$0
Jenny Harding	Director	2.00	Director	$0	$0	$0
Hayden Harvey	Director	2.00	Director	$0	$0	$0
Andrew Held	Director	2.00	Director	$0	$0	$0
James Hing	Director	2.00	Director	$0	$0	$0
Carole Lockhart	Director	2.00	Director	$0	$0	$0
Jaimee Marsh	Director	1.00	Director	$0	$0	$0
Mike Novasio	Director	2.00	Director	$0	$0	$0
Dustin O'Quinn	Director	2.00	Director	$0	$0	$0
Karen Olson	Director	2.00	Director	$0	$0	$0
Nat Stratton-Clark	Director	2.00	Director	$0	$0	$0
Andrew Wilson	Director	2.00	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	$1,355,318	$1,217,008	$4,901,003	$138,310
2023	$1,307,039	$1,113,002	$4,515,767	$194,037
2022	$1,043,551	$1,382,581	$4,152,854	$-339,030
2021	$1,584,416	$1,283,141	$4,889,386	$301,275
2020	$1,253,885	$1,417,088	$4,649,645	$-163,203
2019	$2,178,105	$1,090,159	$4,746,036	$1,087,946
2018	$1,370,807	$962,106	$3,368,652	$408,701

Greater Seattle Business Assn Scholarship Fund