COMMUNITY FOUNDATION OF SNOHOMISH … - 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

1993

Legal Domicile

Principal Officer

KARRI MATAU

Phone

4252124056

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY FOUNDATION OF SNOHOMISH COUNTY, founded in 1993, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $10.2M in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $12.5M exceeded revenue, resulting in a 22% operating deficit.

Mission

THE MISSION OF THE FOUNDATION IS TO STRENGTHEN COMMUNITIES IN GREATER EVERETT AND SNOHOMISH COUNTY BY BUILDING PERMANENT CHARITABLE FUNDS, CONNECTING DONORS TO CHARITABLE CAUSES THEY CARE ABOUT, MAKING EFFECTIVE GRANTS AND PROVIDING LEADERSHIP TO ADDRESS COMMUNITY ISSUES.

Program Service Accomplishments

Program 1

Expenses: $10,637,276 Revenue: $482,949

TO PROVIDE GRANTS TO NON-PROFIT ORGANIZATIONS IN SNOHOMISH COUNTY TO SUPPORT FIELDS OF EDUCATION, ARTS AND CULTURE, ENVIRONMENT, HEALTH AND WELLNESS AND HUMAN SERVICES. COMMUNITY FOUNDATION DONORS...

TO PROVIDE GRANTS TO NON-PROFIT ORGANIZATIONS IN SNOHOMISH COUNTY TO SUPPORT FIELDS OF EDUCATION, ARTS AND CULTURE, ENVIRONMENT, HEALTH AND WELLNESS AND HUMAN SERVICES. COMMUNITY FOUNDATION DONORS ENJOY THE CONVENIENCE OF DOING ALL THEIR CHARITABLE GIVING IN ONE PLEACE. DONORS ARE ABLE TO GIVE A VARIETY OF ASSETS TO CREATE CHARITABLE FUNDS NOW OR IN THE FUTURE THROUGH THEIR ESTATES. FUNDS MAY BE PERMANENTLY ENDOWED OR THE TOTAL BALANCE MAY BE GRANTED OUT OVER A SPECIFIED PEREIOD OF TIME. DONORS MAY RECOMMEND GRANT RECIPIENTS OR ALLOW GRANTS TO BE AWARDED AT THE DISCRETION OF THE COMMUNITY FOUNDATION.

Program 2

Expenses: $1,175,444

CONNECT CASINO ROAD IS AN INCLUSIVE, INNOVATIVE, AND TRANSFORMATIVE COMMUNITY EFFORT COMING TOGETHER TO CREATE EQUITABLE OPPORTUNITIES AND OUTCOMES FOR CASINO ROAD FAMILIES. WE NURTURE THE CREATION OF AN ENVIRONMENT AND CULTURE IN WHICH SHARED COMMUNITY ASPIRATIONS CAN BE COCREATED, RESOURCED, AND BROUGHT TO LIFE.

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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 $7,331,025

Program Service Revenue $482,949

Investment Income $2,408,497

Other Revenue $506

TOTAL REVENUE $10,222,977

Expense Breakdown

Grants Paid $10,292,115

Salaries & Benefits $1,490,814

Fundraising Expenses $190,374

Program Expenses $11,812,720

Other Expenses $739,018

TOTAL EXPENSES $12,521,947

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,222,977	$14,794,104	-0.3%
Expenses	$12,521,947	$6,410,851	+1.0%
Net Income	$-2,298,970	$8,383,253	-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

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

$291,193

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLORIA NGEZAHO	CHAIR	1.50	Officer Director	$0	$0	$0
GERRY EBALAROZA-TUNNELL	VICE CHAIR	1.50	Officer Director	$0	$0	$0
KRISTIN GARCIA	TREASURER	1.50	Officer Director	$0	$0	$0
MARIA BEHRENS	SECRETARY	1.50	Officer Director	$0	$0	$0
SARAH DUNCAN	BOARD MEMBER	1.50	Director	$0	$0	$0
CRYSTAL DONNER	BOARD MEMBER	1.50	Director	$0	$0	$0
NASHIKA STANBRO	BOARD MEMBER	1.50	Director	$0	$0	$0
AMANDA ULLRICH	BOARD MEMBER	1.50	Director	$0	$0	$0
SCOTT CALLAHAN	BOARD MEMBER	1.50	Director	$0	$0	$0
CHELSEA CRAIG	BOARD MEMBER	1.50	Director	$0	$0	$0
CHRISTIAN OLSON	BOARD MEMBER	1.50	Director	$0	$0	$0
FELISA BRYANT	BOARD MEMBER	1.50	Director	$0	$0	$0
GARRY CLARK	BOARD MEMBER	1.50	Director	$0	$0	$0
RAMIRO HIGUERA	BOARD MEMBER	1.50	Director	$0	$0	$0
CYNTHIA ANDREWS	BOARD MEMBER	1.50	Director	$0	$0	$0
KARRI MATAU	PRESIDENT AND CEO	40.00	Officer	$170,053	$0	$170,053
JOHN SESE	DIRECTOR OF FINANCE	40.00	Officer	$121,140	$0	$121,140
NEKYA JOHNSON	DIRECTOR OF COMMUNITY IMPACT	40.00	Highest	$119,731	$0	$119,731
ANGELIQUE LEONE	VICE PRESIDENT	40.00	Highest	$136,906	$0	$136,906

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	$10,222,977	$12,521,947	$56,922,353	$-2,298,970
2022	$14,794,104	$6,410,851	$55,431,105	$8,383,253
2021	$18,033,036	$4,350,557	$51,296,885	$13,682,479
2020	$12,746,585	$12,654,400	$35,985,825	$92,185
2019	$14,301,700	$9,944,415	$33,221,452	$4,357,285
2018	$2,874,291	$2,550,330	$26,342,612	$323,961

COMMUNITY FOUNDATION OF SNOHOMISH COUNTY