WLAM PROPERTY ASSOCIATION

EIN: 205035082 Community Improvement

SEATTLE, WA

Total Revenue
N/A
Total Expenses
$452,693
Total Assets
$11,841,693
Net Assets
$11,841,693
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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
2006
Legal Domicile
WA
Principal Officer
KAMAHANAHOKULANI FARRAR
Phone
2066235124
Tax Period
2024-07-01 to 2025-06-30

Mission

TO HOLD TITLE TO THE EAST KONG YICK BUILDING FOR THE BENEFIT OF THE WING LUKE MEMORIAL FOUNDATION, DBA WING LUKE ASIAN MUSEUM.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $452,693
Other Expenses $452,693
TOTAL EXPENSES $452,693

Year-over-Year Comparison

2024 2023 Change
Revenue N/A N/A N/A
Expenses $452,693 $452,694 0.0%
Net Income N/A $-452,694 N/A
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

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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
17

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
8
$774,498
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOL B TAN EXEC. DIRECT 0.00
Officer
$0 $8,446 $338,269
KAMAHANAHOKULANI FARRAR INTERIM EXEC 0.00
Officer
$0 $14,546 $172,958
CASSANDRA CHINN DEPUTY EXEC 0.00
Officer
$0 $7,518 $155,549
MONICA DAY FINANCE DIRE 0.00
Officer
$0 $0 $107,722
ELLEN FERGUSON PRESIDENT 0.25
Officer Director
$0 $0 $0
DIANE SUGIMURA VICE PRESIDE 0.25
Officer Director
$0 $0 $0
MIMI GAN SECRETARY 0.25
Officer Director
$0 $0 $0
SAI CHALEUNPHONH TREASURER 0.25
Officer Director
$0 $0 $0
CHERA AMLAG TRUSTEE 0.25
Director
$0 $0 $0
NANETTE FOK TRUSTEE 0.25
Director
$0 $0 $0
JAMIE FORD TRUSTEE 0.25
Director
$0 $0 $0
RACHAEL KITAGAWA TRUSTEE 0.25
Director
$0 $0 $0
SHANNON LEE TRUSTEE 0.25
Director
$0 $0 $0
GLORIA LUNG WAKAYAMA TRUSTEE 0.25
Director
$0 $0 $0
PAT NORIKANE LOGERWELL TRUSTEE 0.25
Director
$0 $0 $0
JULIEN LOH TRUSTEE 0.25
Director
$0 $0 $0
MIDORI MATSUI TRUSTEE (END 0.25
Director
$0 $0 $0
MAYA MENDOZA-EXSTROM TRUSTEE 0.25
Director
$0 $0 $0
MICHAEL MYINT TRUSTEE 0.25
Director
$0 $0 $0
MARK TAKAGI TRUSTEE 0.25
Director
$0 $0 $0
ADRIEL TAM TRUSTEE 0.25
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 $452,693 $11,841,693 No data
2024 No data $452,694 $12,294,386 No data
2023 No data $452,694 $12,747,080 No data
2022 No data $452,691 $13,199,774 No data
2021 No data $452,694 $13,652,467 No data
2020 No data $468,128 $14,105,161 No data
2019 No data $447,549 $14,573,289 No data
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