FEDERAL WAY ROTARY SERVICE FOUNDAT… - 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

1992

Legal Domicile

Principal Officer

NICKI KEENER

Phone

2538383096

Tax Period

2022-07-01 to 2023-06-30

FEDERAL WAY ROTARY SERVICE FOUNDATION, founded in 1992, is a micro nonprofit in the Human Services sector that reported $57K in total revenue in fiscal year 2022. Revenue surged 189% from the prior year, signaling strong growth momentum. The organization ran a surplus of $28K, a strong 50% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS TO STUDENTS AND SUPPORT THE LOCAL COMMUNITY AND INTERNATIONAL ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $13,935

SCHOLARSHIPS WERE PROVIDED TO LOCAL HIGH SCHOOL STUDENTS TO ALLOW THEM TO CONTINUE THEIR EDUCATION. CRITERIA FOR THE AWARD INCLUDED ABILITY AND NEED.

Program 2

Expenses: $12,835

SUPPORTED A WIDE RANGE OF LOCAL COMMUNITY ORGANIZATIONS SO THEY COULD FURTHER THEIR RESPECTIVE MISSIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $38,538

Program Service Revenue $0

Investment Income $607

Other Revenue $17,513

TOTAL REVENUE $56,658

Expense Breakdown

Grants Paid $26,770

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $26,770

Other Expenses $1,551

TOTAL EXPENSES $28,321

Year-over-Year Comparison

	2022	2021	Change
Revenue	$56,658	$19,578	+1.9%
Expenses	$28,321	$40,753	-0.3%
Net Income	$28,337	$-21,175	-2.3%

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

N/A

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
MIGUEL TORRES	PRESIDENT	5.00	Officer Director	$0	$0	$0
RAJIV NAGAICH	SECRETARY	1.00	Officer Director	$0	$0	$0
NICKI KEENER	TREASURER	7.00	Officer Director	$0	$0	$0
STEVE BALL	FOUNDATION DIRECTOR	1.00	Director	$0	$0	$0
DAVE BERGER	FOUNDATION DIRECTOR	1.00	Director	$0	$0	$0
CINDY DUCICH	FOUNDATION DIRECTOR	3.00	Director	$0	$0	$0
KIM EGGE	FOUNDATION DIRECTOR	1.00	Director	$0	$0	$0
BILL FELDT	FOUNDATION DIRECTOR	2.00	Director	$0	$0	$0
SALLYE LINDSAY	FOUNDATION DIRECTOR	1.50	Director	$0	$0	$0
DIANE LYONS	FOUNDATION DIRECTOR	5.00	Director	$0	$0	$0
JODI ROBINSON-CODY	FOUNDATION DIRECTOR	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
2023	$56,658	$28,321	$260,042	$28,337
2022	$19,578	$40,753	$681,103	$-21,175
2020	$170,110	$222,804	$208,058	$-52,694
2019	$410,031	$422,798	$242,837	$-12,767
2018	$177,082	$303,256	$255,604	$-126,174

FEDERAL WAY ROTARY SERVICE FOUNDATION