WASHINGTON ALLIANCE FOR A COMPETIT… - Form 990 Financial Data

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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

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 THAT WORKS TO DRAW ATTENTION TO CRITICAL ISSUES AND SUPPORT PUBLIC POLICIES THAT WILL FOSTER SHARED PROSPERITY FOR WASHINGTONIANS.

Program Service Accomplishments

Program 1

EDUCATION AND COMMUNICATION WITH THE BUSINESS COMMUNITY, POLICY LEADERS, AND THE GENERAL PUBLIC ABOUT ISSUES AFFECTING THE ECONOMY AND THE BUSINESS CLIMATE IN WASHINGTON STATE.

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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 (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

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

Total Directors

Key Employees

Highest Compensated

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

WASHINGTON ALLIANCE FOR A COMPETITIVE ECONOMY