WASHINGTON STATE HEALTH INSURANCE POOL (EIN 470720973) - 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

1987

Legal Domicile

Principal Officer

SHARON BECKER

Phone

3607574346

Tax Period

2023-01-01 to 2023-12-31

WASHINGTON STATE HEALTH INSURANCE POOL, founded in 1987, is a mid-sized nonprofit that reported $18.2M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $16.5M left a modest 9% surplus.

Mission

PROVIDE ADEQUATE HEALTH INSURANCE COVERAGE FOR RESIDENTS WHO ARE DENIED HEALTH INSURANCE

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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 $0

Program Service Revenue $17,727,990

Investment Income $492,637

Other Revenue $0

TOTAL REVENUE $18,220,627

Expense Breakdown

Grants Paid $0

Salaries & Benefits $431,631

Fundraising Expenses $0

Other Expenses $1,184,132

TOTAL EXPENSES $16,530,539

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,220,627	$21,075,786	-0.1%
Expenses	$16,530,539	$21,875,173	-0.2%
Net Income	$1,690,088	$-799,387	-3.1%

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

Volunteers

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

$289,316

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTEN WALTER WRIGHT	CHAIR	2.00	Officer Director	$0	$0	$0
MICHAEL DUNLOP	VICE CHAIR	2.00	Officer Director	$0	$0	$0
SHEELA TALLMAN	SECRETRAY/TREASURER	2.00	Officer Director	$0	$0	$0
HIU-WAN KO	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD HOURIGAN MD	DIRECTOR	2.00	Director	$0	$0	$0
JAMES DIXSON	DIRECTOR	2.00	Director	$0	$0	$0
KAREN LEWIS SMITH	DIRECTOR	2.00	Director	$0	$0	$0
KEITH WALLACE	DIRECTOR	2.00	Director	$0	$0	$0
SHARON BECKER	EXECUTIVE DIRECTOR	40.00	Officer	$262,270	$27,046	$289,316

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
2024	No data	No data	No data	No data
2023	$18,220,627	$16,530,539	$12,766,627	$1,690,088
2022	$21,075,786	$21,875,173	$11,853,612	$-799,387
2021	$29,306,973	$26,813,204	$15,414,499	$2,493,769
2020	$32,696,945	$29,798,520	$10,839,939	$2,898,425
2019	$40,155,085	$39,385,087	$9,682,150	$769,998
2018	$37,818,141	$41,019,245	$10,504,867	$-3,201,104

WASHINGTON STATE HEALTH INSURANCE POOL