First - In Training and Education - 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

4253309521

Tax Period

2023-01-01 to 2023-12-31

First - In Training and Education, founded in 2011, is a small nonprofit in the Education sector that reported $823K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $790K left a modest 4% surplus.

Mission

At all times, we will strive to provide an authentic, supportive, and safe learning environment that fosters an appreciation and base of knowledge from which students can make an educated decision about entering a life of public service.

Program Service Accomplishments

Program 1

Expenses: $514,409

First -In Training and Education contracts with the Northwest Career and Technical Academy (NCTA) for 3 sessions of classes in two locations...Bellingham and Mount Vernon. Through these two...

First -In Training and Education contracts with the Northwest Career and Technical Academy (NCTA) for 3 sessions of classes in two locations...Bellingham and Mount Vernon. Through these two locations, we serve Skagit, Whatcom, and North Snohomish Count high schools. FITE taught approximately 60 students at NCTA and in 2022 was able to run scholarship interviews, and advanced CPR/First Aid training. We also were able to connect our students with wildland firefighters= training in order to make them more marketable in a competitive field. We also were able to serve 20 students in Summer School at the Mount Vernon location. Students in our NCTA courses completed approximately 2400 hours of community service throughout the year.

Program 2

First-In Training and Education contracts with the Washington Network for Innovative Careers (WANIC) for 2 sessions of classes in Kirkland, WA. At this location, we are able to serve all high schools in NE King County and South Snohomish County. FITE taught approximately 50 students at WANIC and in 2022 was able to run scholarship interviews, and advanced CPR/First Aid training. We also were able to connect our students with wildland firefighter training and a nationally recognized EMT certification course in order to make them more marketable in a competitive field. We also served 25 students in 2022 in Summer School. Students in our WANIC courses compleed approximately 2000 hours of community service throughout the year.

Program 3

First-In Training and Education contracts with the New Market Skills Center for 2 sessions of classes in Tumwater, WA. At this location, we are able to serve all high schools in Thurston, Mason...

First-In Training and Education contracts with the New Market Skills Center for 2 sessions of classes in Tumwater, WA. At this location, we are able to serve all high schools in Thurston, Mason, Grays Harbor, and Lewis Counties. FITE taught approximately 50 students at New Market and in 2022 was able to run scholarship interviews, and advanced CPR/First Aid training. We also were able to connect our students with wildland firefighter training in order to make them more marketable in a competitive field. Students in our New Market courses completed approximately 2000 hours of community service throughout the year.

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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 $54,500

Program Service Revenue $768,157

Investment Income $5

Other Revenue $0

TOTAL REVENUE $822,662

Expense Breakdown

Grants Paid $0

Salaries & Benefits $575,284

Fundraising Expenses $0

Program Expenses $514,409

Other Expenses $214,469

TOTAL EXPENSES $789,753

Year-over-Year Comparison

	2023	2022	Change
Revenue	$822,662	$741,903	+0.1%
Expenses	$789,753	$730,619	+0.1%
Net Income	$32,909	$11,284	+1.9%

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

$261,616

Total Directors