Catherine Washburn Medical Association

EIN: 237216316 501(c)(3)

Lopez Island, WA

Total Revenue
$284,043
Total Expenses
$188,423
Total Assets
$4,041,175
Net Assets
$4,038,375
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
WA
Principal Officer
Katherine Bryant Ingman
Phone
3604682683
Tax Period
2024-01-01 to 2024-12-31

Catherine Washburn Medical Association, founded in 1971, is a small nonprofit that reported $284K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $96K, a strong 34% operating margin.

Mission

SUPPORT AND MAINTENANCE OF LOCAL MEDICAL CLINIC.

Program Service Accomplishments

Program 1
Expenses: $101,735

MAINTENANCE, EXPANSION, AND SUPPORT OF LOPEZ ISLAND MEDICAL CLINIC.

Program 2
Expenses: $38,000

COMMUNITY OUTREACH THROUGH SCHOLARSHIPS AND GRANTS.

Program 3
Expenses: $5,845

PAYMENT OF MEDICAL BILLS FOR INDIGENT LOPEZ ISLAND RESIDENTS.

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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 $120,877
Program Service Revenue $0
Investment Income $135,956
Other Revenue $27,210
TOTAL REVENUE $284,043

Expense Breakdown

Grants Paid $43,845
Salaries & Benefits $0
Fundraising Expenses $3,323
Program Expenses $145,580
Other Expenses $144,578
TOTAL EXPENSES $188,423

Year-over-Year Comparison

2024 2023 Change
Revenue $284,043 $201,806 +0.4%
Expenses $188,423 $168,530 +0.1%
Net Income $95,620 $33,276 +1.9%
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

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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
8
Independent Members
8
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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Taya Higgins Director 6.00
Director
$0 $0 $0
Ann Palmer Director 6.00
Director
$0 $0 $0
Katherine Bryant Ingman President 10.00
Officer Director
$0 $0 $0
Kerby Phelps Director 6.00
Director
$0 $0 $0
Jeff Clark Treasurer 10.00
Officer Director
$0 $0 $0
Willem Post van der Burg Director 6.00
Director
$0 $0 $0
Barbara Nepom Vice President 10.00
Officer Director
$0 $0 $0
Sarah Munson Secretary 10.00
Officer 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 $284,043 $188,423 $4,041,175 $95,620
2023 $201,806 $168,530 $3,751,935 $33,276
2022 $202,718 $483,130 $3,388,206 $-280,412
2021 $193,160 $164,652 $4,442,691 $28,508
2020 $205,597 $170,714 $3,910,415 $34,883
2019 $221,826 $172,439 $3,468,868 $49,387
2018 $206,933 $125,723 $2,918,717 $81,210
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