SPOKANE TURBINE CENTER DBA PARKWATER FOUNDATION (EIN 260286346) - Form 990 Financial Analysis & Trantor Score

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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

2007

Legal Domicile

Principal Officer

BOB LOHN

Phone

5095361969

Tax Period

2022-01-01 to 2022-12-31

SPOKANE TURBINE CENTER DBA PARKWATER FOUNDATION, founded in 2007, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2022. Revenue surged 947% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 89% operating margin.

Mission

THE FOUNDATION SUPPORTS AND ASSISTS HUMANITARIAN ORGANIZATIONS BY SUBSIDIZING AVIATION RELATED EDUCATION AND TRAINING PROVIDED THROUGH ITS SUBSIDIARY TO PILOTS, AND AVIATION MECHANICS FROM MISSION AVIATION, HUMANITARIAN AID, NON-PROFIT, AND EDUCATIONAL ORGANIZATIONS.

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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 $311

Program Service Revenue $0

Investment Income $982,332

Other Revenue $317,606

TOTAL REVENUE $1,300,249

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,782

Fundraising Expenses $0

Program Expenses $91,699

Other Expenses $129,085

TOTAL EXPENSES $138,867

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,300,249	$124,247	+9.5%
Expenses	$138,867	$267,119	-0.5%
Net Income	$1,161,382	$-142,872	-9.1%

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

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

$150,619

Total Directors

$150,619

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID WIERENGO	EXECUTIVE DIRECTOR & COO	15.00	Officer Director	$0	$0	$150,619
BOB LOHN	CHAIRMAN/CEO	5.00	Officer Director	$0	$0	$0
JOHN HARMON	VICE CHAIR	5.00	Officer Director	$0	$0	$0
TERRY RAYMOND	SECRETARY/TREASURER	5.00	Officer Director	$0	$0	$0
JEFF HAWK	DIRECTOR	5.00	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
2022	$1,300,249	$138,867	$3,997,629	$1,161,382
2021	$124,247	$267,119	$3,490,937	$-142,872
2020	$154,164	$304,579	$3,647,163	$-150,415
2019	$261,302	$673,816	$3,695,007	$-412,514
2018	$406,001	$495,963	$4,018,418	$-89,962

SPOKANE TURBINE CENTER DBA PARKWATER FOUNDATION