THE OLYMPIA FREE CLINIC

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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

MORGAN JADE

Phone

3608904074

Tax Period

2024-01-01 to 2024-12-31

THE OLYMPIA FREE CLINIC, founded in 2009, is a small nonprofit in the Health Care sector that reported $405K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

VOLUNTEER BASED ORGANIZATION WHERE UNDERSERVED COMMUNITY MEMBERS RECEIVE HEALTH CARE SERVICES AND LINKAGES TO COMMUNITY RESOURCES WITHIN A CARING AND RESPECTFUL ENVIRONMENT AT NO COST TO THEM.

Program Service Accomplishments

Program 1

Expenses: $333,804

MEDICAL AT OUR MEDICAL CLINICS, WE DELIVER CARE FOR ACUTE MEDICAL PROBLEMS AS WELL AS INITIAL CARE FOR CHRONIC MEDICAL CONDITIONS. WE TREAT IMMEDIATE NEEDS AND BRIDGE CARE TO A PERMANENT MEDICAL...

MEDICAL AT OUR MEDICAL CLINICS, WE DELIVER CARE FOR ACUTE MEDICAL PROBLEMS AS WELL AS INITIAL CARE FOR CHRONIC MEDICAL CONDITIONS. WE TREAT IMMEDIATE NEEDS AND BRIDGE CARE TO A PERMANENT MEDICAL HOME. BEHAVIROAL HEALTH WE OFFER MENTAL HEALTH COUNSELING AND PSYCHIATRIC MEDICATION MANAGEMENT DEPENDING UPON THE NEEDS AND PREFERENCES OF THE PATIENT AND MANAGED COLLABORATIVELY BETWEEN PRESCRIBERS AND COUNSELORS. SPECIALTY CARE OUR SERVICES INCLUDE REPRODUCTIVE HEALTH, GENDER HEALTH PHYSICAL THERAPY, CHIROPRACTIC CARE, AND DERMATOLOGY. REFERRALS ARE PROVIDED TO COMMUNITY PARTNERS WHEN ADDITIONAL SPECIALTY CARE IS NEEDED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $403,764

Program Service Revenue $0

Investment Income $929

Other Revenue $476

TOTAL REVENUE $405,169

Expense Breakdown

Grants Paid $0

Salaries & Benefits $263,328

Fundraising Expenses $2,159

Program Expenses $333,804

Other Expenses $146,130

TOTAL EXPENSES $409,458

Year-over-Year Comparison

	2024	2023	Change
Revenue	$405,169	$436,278	-0.1%
Expenses	$409,458	$335,601	+0.2%
Net Income	$-4,289	$100,677	-1.0%

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

130

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

$70,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MORGAN JADE	EXECUTIVE DI	40.00	Officer	$70,500	$0	$70,500
RITA BALDONADO	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BAYNE	DIRECTOR	1.00	Director	$0	$0	$0
SAMI HELSLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
AUDREY LECKNER	CHAIR	4.00	Officer Director	$0	$0	$0
MARYANNE LINDBLAD	VICE CHAIR	2.00	Officer Director	$0	$0	$0
YANXIN MADRID	DIRECTOR	1.00	Director	$0	$0	$0
DIANA MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
MARISOL MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA TERRY	DIRECTOR	1.00	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
2024	$405,169	$409,458	$514,735	$-4,289
2023	$436,278	$335,601	$513,623	$100,677
2022	$295,104	$249,744	$409,433	$45,360
2021	$309,092	$223,073	$364,690	$86,019
2020	$262,081	$184,061	$277,917	$78,020
2020	$262,002	$183,982	$277,917	$78,020
2019	$215,460	$186,534	$200,368	$28,926
2018	$236,394	$164,347	$171,800	$72,047