YIC Launchpad

EIN: 454889219 501(c)(3) Human Services

Everett, WA

Total Revenue
$276,523
Total Expenses
$304,220
Total Assets
$17,437
Net Assets
$17,437
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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
2013
Legal Domicile
WA
Principal Officer
Otis D Patrick
Tax Period
2024-04-01 to 2025-03-31

YIC Launchpad, founded in 2013, is a small nonprofit in the Human Services sector that reported $277K in total revenue in fiscal year 2024. Expenses of $304K exceeded revenue, resulting in a 10% operating deficit.

Mission

Youth Sports and Performing Arts

Program Service Accomplishments

Program 1
Expenses: $62,136 Revenue: $248,871

Go Play Life is the main program. It gives young athletes connections to mentors and positive life experiences through sports.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $27,652
Program Service Revenue $248,871
Investment Income $0
Other Revenue $0
TOTAL REVENUE $276,523

Expense Breakdown

Grants Paid $0
Salaries & Benefits $95,457
Fundraising Expenses $0
Program Expenses $62,136
Other Expenses $208,763
TOTAL EXPENSES $304,220

Year-over-Year Comparison

2024 2023 Change
Revenue $276,523 N/A N/A
Expenses $304,220 N/A N/A
Net Income $-27,697 N/A N/A
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

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Governance

Voting Members
1
Independent Members
N/A
Employees
N/A
Volunteers
4

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
1
$50,000
Total Directors
1
$50,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Otis D Patrick President 0.00
Officer Director
$50,000 $0 $50,000
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 $276,523 $304,220 $17,437 $-27,697
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