Washington State Rural Hospital Insurance Trust (EIN 306135422) - 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

2006

Legal Domicile

Principal Officer

Matt Ellsworth

Phone

4257717359

Tax Period

2021-01-01 to 2021-12-31

Washington State Rural Hospital Insurance Trust, founded in 2006, is a micro nonprofit that reported $112 in total revenue in fiscal year 2021. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $487K exceeded revenue, resulting in a 434476% operating deficit.

Mission

To provide qualified health and welfare benefits to participants.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $112

Other Revenue $0

TOTAL REVENUE $112

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $432,371

TOTAL EXPENSES $486,725

Year-over-Year Comparison

	2021	2020	Change
Revenue	$112	$4,033,528	-1.0%
Expenses	$486,725	$3,785,726	-0.9%
Net Income	$-486,613	$247,802	-3.0%

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

N/A

Volunteers

N/A

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
Matt Ellsworth	Chairman	4.00	Officer Director	$0	$0	$0
Rosalinda Kibby	Trustee	1.00	Director	$0	$0	$0
Mo Sheldon	Trustee	1.00	Director	$0	$0	$0
Rachel Slifka	Trustee	1.00	Director	$0	$0	$0
Emmett Schuster	Trustee	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
2021	$112	$486,725	No data	$-486,613
2020	$4,033,528	$3,785,726	$497,151	$247,802
2019	$4,649,513	$4,278,108	$240,337	$371,405
2018	$4,817,840	$4,659,263	$158,675	$158,577

Washington State Rural Hospital Insurance Trust