THE WASHINGTON STEM CENTER (EIN 272133169) - Form 990 Financial Analysis & Trantor Score

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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

LYNNE VARNER

Phone

2066584320

Tax Period

2024-01-01 to 2024-12-31

THE WASHINGTON STEM CENTER, founded in 2009, is a community nonprofit in the Education sector that reported $6.2M in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring.

Mission

WASHINGTON STEM (WA STEM) IS A STATEWIDE, EDUCATION NONPROFIT LEVERAGING STEM FOR SOCIAL CHANGE, REMOVING BARRIERS TO CREDENTIAL ATTAINMENT, AND CREATING PATHWAYS TO LONG-TERM ECONOMIC SECURITY FOR SYSTEMICALLY UNDERSERVED STUDENTS. FOUNDED ON THE PRINCIPLES OF EQUITY, PARTNERSHIP, AND SUSTAINABILITY, WASHINGTON STEM SEEKS SMART, SCALABLE SOLUTIONS THAT LEAD TO REMOVING BARRIERS AND CREATING EQUITABLE ACCESS FOR HISTORICALLY EXCLUDED STUDENTS-STUDENTS WHO WILL BECOME THE LEADERS, CRITICAL THINKERS, AND CREATORS THAT WILL TACKLE THE BIGGEST CHALLENGES FACING OUR STATE, NATION, AND THE WORLD. WE ENVISION A STATE WHERE SKIN COLOR, ZIP CODE, INCOME, AND GENDER DO NOT PREDICT EDUCATIONAL AND CAREER OUTCOMES.

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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 $6,003,110

Program Service Revenue $2,125

Investment Income $177,700

Other Revenue $0

TOTAL REVENUE $6,182,935

Expense Breakdown

Grants Paid $1,307,854

Salaries & Benefits $3,695,980

Fundraising Expenses $529,968

Program Expenses $5,169,494

Other Expenses $1,639,796

TOTAL EXPENSES $6,667,880

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,182,935	$8,333,066	-0.3%
Expenses	$6,667,880	$6,337,627	+0.1%
Net Income	$-484,945	$1,995,439	-1.2%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

132

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

$515,258

Total Directors

Key Employees

$221,354

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY SNAPP	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
MICHELLE JUDSON	BOARD VICE CHAIR	3.00	Officer Director	$0	$0	$0
VENKI KRISHNABABU	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
CHRISTINE JOHNSON	BOARD SECRETARY	2.00	Officer Director	$0	$0	$0
MARY WAGNER	BOARD MEMBER	2.00	Director	$0	$0	$0
ASH AWAD	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER DAQUIZ HARE	BOARD MEMBER	1.00	Director	$0	$0	$0
PEDRITO MAYNARD-ZHANG	BOARD MEMBER	0.25	Director	$0	$0	$0
DAMIEN PATTENAUDE	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH TINKHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
MIA TUAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHERINE MORGAN	BOARD MEMBER	0.50	Director	$0	$0	$0
LYNNE VARNER	CHIEF EXECUTIVE OFFICER	40.00	Officer	$245,865	$20,321	$266,186
YOKO SHIMOMURA	CHIEF OPERATING OFFICER	40.00	Officer	$232,928	$16,144	$249,072
JENEE MYERS-TWITCHELL	CHIEF IMPACT OFFICER	40.00	Key Emp	$200,385	$20,969	$221,354
MIN HWANGBO	IMPACT DIRECTOR	40.00	Highest	$147,375	$14,517	$161,892
SCOTT DALESSANDRO	DIRECTOR OF STRATEGIC PARTNERSHIPS	40.00	Highest	$142,760	$15,491	$158,251
ANGIE MASON-SMITH	PROGRAM DIRECTOR	40.00	Highest	$134,335	$11,986	$146,321
SOLEIL BOYD	SENIOR PROGRAM OFFICER	40.00	Highest	$128,714	$13,991	$142,705
BLAIR PETERSON	DIRECTOR OF FINANCE	40.00	Highest	$122,455	$14,964	$137,419

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	$6,182,935	$6,667,880	$9,345,547	$-484,945
2023	$8,333,066	$6,337,627	$9,830,993	$1,995,439
2022	$13,456,695	$23,960,159	$7,696,629	$-10,503,464
2021	$51,456,581	$19,997,099	$144,962,083	$31,459,482
2020	$11,814,159	$18,702,934	$119,301,523	$-6,888,775
2019	$15,210,069	$26,443,446	$125,773,690	$-11,233,377
2018	$13,020,517	$26,817,677	$128,261,244	$-13,797,160

THE WASHINGTON STEM CENTER