Bothell, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Sound Wetrain Workforce Development Trust, founded in 2022, is a small nonprofit in the Employment sector that reported $480K in total revenue in fiscal year 2023. Revenue surged 307% from the prior year, signaling strong growth momentum. The organization ran a surplus of $92K, a strong 19% operating margin.
The Trust is a multiemployer employee welfare benefit plan governed by ERISA and is a joint labor-management fund. The Trust's primary activity is to create and administer employee training and workforce development benefit plans for the employees of participating employer on whose behalf the contributions have been paid in accordance with collective bargaining agreements. The Trust is located in Washington state. All of the Trust's time is devoted to its purpose. The Trust's activities are funded by contributions from participating employers in accordance with collective bargaining agreements.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $480,288 | $118,050 | +3.1% |
| Expenses | $388,454 | $57,407 | +5.8% |
| Net Income | $91,834 | $60,643 | +0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JOE MIZRAHI | SECRETARY, TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| SCOTT POWERS | CHAIRMAN, TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| FAYE GUENTHER | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| BRENT BOHN | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| SEAN EMBLY | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| Sean Hammond | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| Sharon Carroll | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| Yvonne Peters | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| David Barnes | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| SARAH CHERIN | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| Kristina Storm | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| Pete Lamb | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| Mike Hines | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| Samantha Kantak | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| Frank Jorgensen | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $480,288 | $388,454 | $218,294 | $91,834 |
Compare Sound Wetrain Workforce Development Trust with other nonprofits in Washington and across the country.