GAFFNEY EVENTS EDUCATIONAL TRUST

EIN: 473109028 501(c)(3) Education

DUVALL, WA

Total Revenue
$9,057,304
Total Expenses
$8,931,454
Total Assets
$1,099,363
Net Assets
$1,026,540
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
WA
Principal Officer
TRICIA GAFFNEY
Phone
4254421314
Tax Period
2024-01-01 to 2024-12-31

GAFFNEY EVENTS EDUCATIONAL TRUST, founded in 2015, is a community nonprofit in the Education sector that reported $9.1M in total revenue in fiscal year 2024.

Mission

THE MISSION OF GAFFNEY EVENTS EDUCATIONAL TRUST IS TO ASSIST IN ADVANCED PATIENT CARE AND PUBLIC HEALTH THROUGH SUPPORT OF CONTINUING MEDICAL EDUCATIONAL (CME) PROGRAMS, AS WELL AS ADVANCING THE MEDICAL KNOWLEDGE OF PRACTITIONERS IN ORDER THAT THEY MAY PRACTICALLY APPLY THAT KNOWLEDGE TO PATIENT CARE SCENARIOS. THE GAFFNEY EVENTS EDUCATIONAL TRUST HAS BEEN ESTABLISHED TO HOLD AND DISPERSE FUNDS RECEIVED FROM MEDICAL DEVICE AND PHARMACEUTICAL CORPORATIONS IN THE FORM OF EDUCATIONAL GRANTS. THESE FUNDS WILL PROVIDE CONTINUING MEDICAL EDUCATION (CME) TO PROFESSIONALS IN ALL MEDICAL FIELDS. THIS REQUIRED EDUCATION EMPOWERS MEDICAL PROFESSIONALS TO MAINTAIN COMPETENCE AND LEARN ABOUT NEW AND DEVELOPING AREAS OF THEIR FIELD. THESE CME ACTIVITIES WILL BE LIVE EVENTS, WRITTEN PUBLICATIONS, ONLINE PROGRAMS, AUDIO, VIDEO, OR OTHER ELECTRONIC MEDIA. CONTENT FOR THESE PROGRAMS IS DEVELOPED, REVIEWED, AND DELIVERED BY FACULTY WHO ARE EXPERTS IN THEIR INDIVIDUAL CLINICAL AREAS.

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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 $6,557,564
Program Service Revenue $2,484,434
Investment Income $4,749
Other Revenue $10,557
TOTAL REVENUE $9,057,304

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $8,901,654
Other Expenses $8,931,454
TOTAL EXPENSES $8,931,454

Year-over-Year Comparison

2024 2023 Change
Revenue $9,057,304 $8,768,918 +0.0%
Expenses $8,931,454 $8,709,494 +0.0%
Net Income $125,850 $59,424 +1.1%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRICIA GAFFNEY DIRECTOR 20.00
Director
$0 $0 $0
CHRIS VATTAKS TREASURER N/A
Officer
$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
2024 $9,057,304 $8,931,454 $1,099,363 $125,850
2023 $8,768,918 $8,709,494 $924,528 $59,424
2022 $7,449,802 $8,705,892 $844,493 $-1,256,090
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