SPOKANE WALDORF EDUCATION ASSOCIAT… - Form 990 Financial Data

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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

5093266638

Tax Period

2023-07-01 to 2024-06-30

SPOKANE WALDORF EDUCATION ASSOCIATION, founded in 2011, is a small nonprofit in the Education sector that reported $929K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $852K left a modest 8% surplus.

Mission

THE ORGANIZATION SEEKS TO EDUCATE CHILDREN USING WALDORF EDUCATION BASED ON A HUMANISTIC APPROACH TO PEDAGOGY BASED UPON THE EDUCATIONAL PHILOSOPHY OF THE AUSTRIAN PHILOSOPHER RUDOLF STEINER, THE FOUNDER OF ANTHROPOSOPHY. THIS IS DONE IN CONJUNCTION WITH MINDFUL PARENTING.

Program Service Accomplishments

Program 1

Expenses: $641,278

Windsong School served a diverse student body of 170 students in the 2023-2024 school year. Through our Tuition Affordability Program, we were able to support access for 77 low-income students...

Windsong School served a diverse student body of 170 students in the 2023-2024 school year. Through our Tuition Affordability Program, we were able to support access for 77 low-income students, ensuring that more families could experience the benefits of a Waldorf-inspired eduction. Our dedicated team included 12 full- and part-time lead teachers, along with 7 support staff members who contributed to a nurturing and dynamic learning environment.Throughout the year, Wingsong offered a robust slate of parent education evenings and community enrichment events--including craft socials, book clubs, and workshops--many presented in partnership with the Waldorf Early Childhood Association of North America (WECAN). We also continued our collaboration with the Rosalie Murrey Memorial Foundation, a local non-profit that provides tuition scholarships to eligible Early Childhood students. Our community once again came together for the annual Knit-a-Thon, one of our most successful and beloved fundraisers. This year, participants created more than five handmade blankets, which were donated to the Neonatal Intensive Care Unit at Sacred Heart Children's Hospital. The event not only strengthens community connections but also fosters meaningful partnerships with organizations thorughout the Spokane area. As we grow, Windsong remains deeply committed to its identity as one of the few Waldorf-inspired educational programs in the Spokane region, continuing to cultivate its roots and expand its impact in our community.

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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 $14,212

Program Service Revenue $898,755

Investment Income $121

Other Revenue $16,094

TOTAL REVENUE $929,182

Expense Breakdown

Grants Paid $0

Salaries & Benefits $614,609

Fundraising Expenses $32,195

Program Expenses $641,278

Other Expenses $237,557

TOTAL EXPENSES $852,166

Year-over-Year Comparison

	2023	2022	Change
Revenue	$929,182	$746,764	+0.2%
Expenses	$852,166	$823,593	+0.0%
Net Income	$77,016	$-76,829	-2.0%

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

N/A

Employees

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

$197,120

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTA MATSUMOTO	Director	40.00	Director	$43,321	$0	$43,321
CARYN DUDLEY	Director	40.00	Director	$41,960	$0	$41,960
BRIAN BLESSING	Director	40.00	Director	$40,911	$0	$40,911
JAYCEE MAGEE	Director	36.00	Director	$38,453	$0	$38,453
SARAH MORTENSON GAUSS	Director	22.00	Director	$32,475	$0	$32,475
CINDY JORDAN	Secretary	2.00	Officer Director	$0	$0	$0
CORY RICKARD	Treasurer	2.00	Officer 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
2025	No data	No data	No data	No data
2024	$929,182	$852,166	$272,954	$77,016
2023	$746,764	$823,593	$195,827	$-76,829
2022	$736,951	$695,379	$266,955	$41,572
2021	$449,882	$464,781	$212,283	$-14,899
2020	$627,976	$607,218	$139,246	$20,758
2019	$541,102	$487,184	$118,416	$53,918
2018	$463,568	$480,618	$65,465	$-17,050

SPOKANE WALDORF EDUCATION ASSOCIATION