WASHINGTON ASSET BUILDING COALITION

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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

2011

Legal Domicile

Phone

2068983043

Tax Period

2023-01-01 to 2023-12-31

WASHINGTON ASSET BUILDING COALITION, founded in 2011, is a micro nonprofit that reported $70K in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $22K, a strong 31% operating margin.

Mission

TO PROVIDE OPPORTUNITIES FOR LOW AND MODERATE-INCOME RESIDENTS IN WASHINGTON TO BUILD, MAINTAIN, AND PRESERVE ASSETS THROUGH INVESTMENTS IN EDUCATION, HOME OWNERSHIP, PERSONAL SAVINGS, AND ENTREPRENEURSHIP.

Program Service Accomplishments

Program 1

Expenses: $40,968

WABC IS THE LEAD ORGANIZATION IN WASHINGTON STATE FOR PROMOTING POLICIES, PROGRAMS AND STRATEGIES FOR HELPING LOW INCOME INDIVIDUALS AND COMMUNITIES BUILD ASSETS THAT WILL PROVIDE THEM WITH AN...

WABC IS THE LEAD ORGANIZATION IN WASHINGTON STATE FOR PROMOTING POLICIES, PROGRAMS AND STRATEGIES FOR HELPING LOW INCOME INDIVIDUALS AND COMMUNITIES BUILD ASSETS THAT WILL PROVIDE THEM WITH AN ECONOMIC FOUNDATION TO MOVE INTO THE MIDDLE CLASS. TO ACCOMPLISH THIS MISSION, IN 2023 WABC SERVED AS THE CONVENER FOR THE 15 LOCAL ASSET BUILDING COALITIONS IN WASHINGTON STATE, FACILITATING QUARTERLY MEETINGS, TOPICAL TRAININGS AS NEEDED AND PROVIDING TECHNICAL ASSISTANCE ON SAVINGS PROGRAMS FOR LOW-INCOME INDIVIDUALS, CHILD SAVINGS ACCOUNTS, RETIREMENT SAVINGS AND FINANCIAL EDUCATION. WABC WORKED EXTENSIVELY ON PROMOTING THE ESTABLISHMENT OF A STATEWIDE RETIREMENT SAVINGS SYSTEM FOR LOWER-INCOME AND FIRST-TIME WORKERS AS WELL AS PROMOTION AND EDUCATION AROUND THE PROPOSED WASHINGTON FUTURES FUND.

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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 (2023)

Revenue Breakdown

Contributions & Grants $70,340

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $70,340

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,666

Fundraising Expenses $0

Program Expenses $40,968

Other Expenses $14,532

TOTAL EXPENSES $48,198

Year-over-Year Comparison

	2023	2022	Change
Revenue	$70,340	$202,202	-0.7%
Expenses	$48,198	$107,951	-0.6%
Net Income	$22,142	$94,251	-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

Governance

Voting Members

Independent Members

Employees

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

$30,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN DAVIS	Executive Dir.	40.00	Officer	$30,000	$0	$30,000
Todd Pietzch	President	1.00	Officer Director	$0	$0	$0
Paul Knox	Treasurer	1.00	Officer Director	$0	$0	$0
Molly Morris	MEMBER	0.50	Director	$0	$0	$0
Marcy Bowers	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
2023	$70,340	$48,198	No data	$22,142
2022	$202,202	$107,951	$148,452	$94,251