WASHINGTON ALLIANCE FOR A COMPETITIVE ECONOMY

EIN: 264475176 Community Improvement

SEATTLE, WA

Total Revenue
$2,461,145
Total Expenses
$1,543,600
Total Assets
$1,550,287
Net Assets
$1,550,287
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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
2009
Legal Domicile
WA
Principal Officer
RACHEL SMITH
Phone
2066230180
Tax Period
2025-01-01 to 2025-12-31

WASHINGTON ALLIANCE FOR A COMPETITIVE ECONOMY, founded in 2009, is a community nonprofit in the Community Improvement sector that reported $2.5M in total revenue in fiscal year 2025. Revenue surged 5369% from the prior year, signaling strong growth momentum. The organization ran a surplus of $918K, a strong 37% operating margin.

Mission

WASHACE IS A NONPROFIT PARTNERSHIP OF THE ASSOCIATION OF WASHINGTON BUSINESS, WASHINGTON ROUNDTABLE, AND THE WASHINGTON RESEARCH COUNCIL. IT WAS FOUNDED IN 2000 TO DRAW ATTENTION TO CRITICAL ISSUES AND SUPPORT PUBLIC POLICIES THAT WILL FOSTER SHARED PROSPERITY FOR WASHINGTONIANS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,441,007
Program Service Revenue $0
Investment Income $20,138
Other Revenue $0
TOTAL REVENUE $2,461,145

Expense Breakdown

Grants Paid $300,000
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,243,600
TOTAL EXPENSES $1,543,600

Year-over-Year Comparison

2025 2024 Change
Revenue $2,461,145 $45,000 +53.7%
Expenses $1,543,600 $77,702 +18.9%
Net Income $917,545 $-32,702 -29.1%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
5

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
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN F MULLIN PRESIDENT (JAN-SEPT) 1.00
Officer Director
$0 $0 $0
RACHEL SMITH PRESIDENT (OCT-CURRENT) 1.00
Officer Director
$0 $0 $0
KRIS JOHNSON VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
MORGAN IRWIN BOARD MEMBER 1.00
Director
$0 $0 $0
NEIL STREGE SECRETARY 1.00
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
2025 $2,461,145 $1,543,600 $1,550,287 $917,545
2024 No data No data No data No data
2023 $135,000 $63,288 $665,444 $71,712
2022 $270,000 $61,855 $593,732 $208,145
2021 $210,000 $164,575 $385,587 $45,425
2020 $315,000 $66,691 $340,162 $248,309
2019 $347,500 $294,551 $91,853 $52,949
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