CENTER FOR ADVANCED MANUFACTURING PUGET SOUND

EIN: 261349668 Community Improvement

KENT, WA

Total Revenue
$783,074
Total Expenses
$810,715
Total Assets
$135,707
Net Assets
$-54,224
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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
WA
Principal Officer
KIRK J DAVIS
Phone
2537202226
Tax Period
2023-01-01 to 2023-12-31

CENTER FOR ADVANCED MANUFACTURING PUGET SOUND, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $783K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE SUPPORT AND BE THE CONNECTING POINT FOR SMMS TO ACCESS INNOVATION, DEVELOP THEIR SUPPLY CHAIN CAPABILITIES, AND FIND SOLUTIONS TO COMMON INDUSTRY PROBLEMS. WORKFORCE ISSUES HAVE BECOME THE LARGEST AND MOST PRESSING ISSUE FOR SMALL AND MEDIUM MANUFACTURERS TO FIND QUALIFIED APPLICANTS TO FILL CRITICAL JOBS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $10,500
Program Service Revenue $342,800
Investment Income $0
Other Revenue $429,774
TOTAL REVENUE $783,074

Expense Breakdown

Grants Paid $0
Salaries & Benefits $446,716
Fundraising Expenses $0
Other Expenses $363,999
TOTAL EXPENSES $810,715

Year-over-Year Comparison

2023 2022 Change
Revenue $783,074 $626,788 +0.2%
Expenses $810,715 $755,850 +0.1%
Net Income $-27,641 $-129,062 -0.8%
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
11
Independent Members
11
Employees
3
Volunteers
11

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
5
$189,928
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALLISON BUDVARSON PRESIDENT 0.50
Officer Director
$0 $0 $0
TODD DUNNINGTON VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
NICOLE WRIGHT TREASURER 0.50
Officer Director
$0 $0 $0
GRETCHEN REIMBOLD SECRETARY 0.50
Officer Director
$0 $0 $0
KRISTI DUVALL BOARD MEMBER 0.50
Director
$0 $0 $0
ELIZABETH HARRIS BOARD MEMBER 0.50
Director
$0 $0 $0
MIKE HAGEN BOARD MEMBER 0.50
Director
$0 $0 $0
DAN KOCER BOARD MEMBER 0.50
Director
$0 $0 $0
RICH ROGERS BOARD MEMBER 0.50
Director
$0 $0 $0
WENDY FLICK BOARD MEMBER 0.50
Director
$0 $0 $0
JONATHAN HENSLEY BOARD MEMBER 0.50
Director
$0 $0 $0
KIRK DAVIS EXECUTIVE DIRECTOR 40.00
Officer
$161,250 $28,678 $189,928
STACIE BUCHANAN ASSOCIATE DIRECTOR 40.00
Highest
$110,250 $22,088 $132,338
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 $783,074 $810,715 $135,707 $-27,641
2022 $626,788 $755,850 $184,116 $-129,062
2021 $789,834 $735,473 $161,621 $54,361
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