LABORATORY SERVICES COOPERATIVE

EIN: 263813271 501(c)(3) Health Care

SEATTLE, WA

Total Revenue
$17,569,310
Total Expenses
$9,349,733
Total Assets
$12,512,471
Net Assets
$2,949,873
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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
2008
Legal Domicile
WA
Principal Officer
MARGARET HARRIS
Phone
3604759090
Tax Period
2024-07-01 to 2025-06-30

LABORATORY SERVICES COOPERATIVE, founded in 2008, is a mid-sized nonprofit in the Health Care sector that reported $17.6M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $8.2M, a strong 47% operating margin.

Mission

TO PERFORM LABORATORY SERVICES ON A CENTRALIZED AND COOPERATIVE BASIS FOR ITS MEMBERS.

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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 $17,505,130
Investment Income $0
Other Revenue $64,180
TOTAL REVENUE $17,569,310

Expense Breakdown

Grants Paid $0
Salaries & Benefits $249,651
Fundraising Expenses $0
Program Expenses $6,354,014
Other Expenses $9,100,082
TOTAL EXPENSES $9,349,733

Year-over-Year Comparison

2024 2023 Change
Revenue $17,569,310 $19,185,463 -0.1%
Expenses $9,349,733 $9,476,608 0.0%
Net Income $8,219,577 $9,708,855 -0.2%
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
10
Independent Members
10
Employees
N/A
Volunteers
12

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
$241,343
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARGARET HARRIS PRESIDENT & CEO 37.50
Officer
$189,078 $52,265 $241,343
KARL EASTLUND CHAIR 1.00
Officer Director
$0 $0 $0
REBECCA GIBRON VICE CHAIR 1.00
Officer Director
$0 $0 $0
KATE TARPEY SECRETARY TREASURER (THROUGH NOVEMBER 2024) 1.00
Officer Director
$0 $0 $0
TOM WOHLFEIL SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
ELIZABETH CARDWELL BOARD MEMBER 0.50
Director
$0 $0 $0
SHEILAHN DAVIS-WYATT BOARD MEMBER 0.50
Director
$0 $0 $0
AMY HANDLER BOARD MEMBER 0.50
Director
$0 $0 $0
KATE HAYES BOARD MEMBER 0.50
Director
$0 $0 $0
LINDA MCCARTHY BOARD MEMBER (THROUGH APRIL 2025) 0.50
Director
$0 $0 $0
YOLANDA ROBLES BOARD MEMBER 0.50
Director
$0 $0 $0
MICHELLE WETZEL BOARD MEMBER 0.50
Director
$0 $0 $0
KRISTA WOOD BOARD MEMBER 0.50
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 $17,569,310 $9,349,733 $12,512,471 $8,219,577
2024 $19,185,463 $9,476,608 $4,159,500 $9,708,855
2023 $18,303,587 $8,184,033 $7,115,768 $10,119,554
2022 $18,414,339 $8,413,702 $3,888,192 $10,000,637
2021 $17,773,814 $8,183,844 $4,467,704 $9,589,970
2020 $19,826,477 $9,196,525 $4,070,103 $10,629,952
2019 $20,253,216 $8,239,616 $5,009,652 $12,013,600
2018 $17,395,139 $5,609,424 $4,658,646 $11,785,715
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