Tsf Services

Nonprofit profile at a glance

EIN
912008707
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Seattle, WA, USA
Phone
2066222294
Rating confidence
Limited
Sector
Public Foundations

Reported finances

Revenue
$0
Expenses
$11,348
Assets
$3,205
Liabilities
$70,579

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • ALESHA WASHINGTON (PRESIDENT)
  • MICHELLE FRIX DASSELL (ADDITIONAL VICE PRESIDENT)
  • LARRY BUYCKS (VICE PRESIDENT/TREASURER (FROM 5/24))
  • STEVE ANDRYSZEWSKI (VICE PRESIDENT/TREASURER (THRU 5/24))
  • BECCA GRAVES (EXECUTIVE DIRECTOR, PERIGEE FUND)
  • JOHN KIM (HEALTHIERHERE CEO)

Highest reported compensation

  • ALESHA WASHINGTON (PRESIDENT): $512,167 total reported compensation
  • BECCA GRAVES (EXECUTIVE DIRECTOR, PERIGEE FUND): $358,327 total reported compensation
  • MICHELLE FRIX DASSELL (ADDITIONAL VICE PRESIDENT): $325,581 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Type i supporting organization under irc section 509(a)(3) to seattle foundation.

What it reported doing in 2024

Tsf services is organized and operated to support the grantmaking and administrative activities of seattle foundation, specifically with respect to its donor advised funds and type i supporting organizations. Any income generated from tsf services operations is used to support the charitable activities of seattle foundation.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 50
  • Transparency & Controls: 58
  • Accountability: 65
  • Sustainability: 4
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 65.6%; rating input score 66
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 13th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 63.6%; rating input score 64; 21st percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 0.28; rating input score 13; 13th percentile among comparable filings
  • Liabilities to assets ratio: 22.02; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 13,765.4%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: 13.4% per year; rating input score 100; 79th percentile among comparable filings
  • Revenue growth: 14.8% per year; rating input score 100; 91st percentile among comparable filings
  • Asset growth: 15.9% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 65.6% of spending went to programs
  • Governance: 7 of 11 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $7K in reported program spending
  • Leadership: top reported pay $512K · 21 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 13 of 14 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 14 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 13/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.