WA CHARTERS ACTION (EIN 475599167) - 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

2015

Legal Domicile

Principal Officer

CHRIS KORSMO

Phone

2064242780

Tax Period

2023-01-01 to 2023-12-31

WA CHARTERS ACTION, founded in 2015, is a small nonprofit in the Education sector that reported $400K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $733K exceeded revenue, resulting in a 83% operating deficit.

Mission

WE ADVOCATE FOR & SUPPORT A THRIVING, INNOVATIVE CHARTER PUBLIC SCHOOL SECTOR THAT UPHOLDS QUALITY VIA STUDENT CENTERED, COMMUNITY-ROOTED SCHOOLS & ASPIRES TO DISRUPT A SYSTEMATICALLY RACIST & INEQUITABLE EDUCATION SYSTEM.

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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 $400,000

Program Service Revenue $0

Investment Income $24

Other Revenue $0

TOTAL REVENUE $400,024

Expense Breakdown

Grants Paid $173,400

Salaries & Benefits $86,523

Fundraising Expenses $5,358

Program Expenses $696,430

Other Expenses $472,822

TOTAL EXPENSES $732,745

Year-over-Year Comparison

	2023	2022	Change
Revenue	$400,024	$1,025,066	-0.6%
Expenses	$732,745	$814,300	-0.1%
Net Income	$-332,721	$210,766	-2.6%

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

$1,013,184

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JOEL DOMINGO	SECRETARY	2.00	Director	$0	$0	$0
STEVE MULLIN	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
STEVE SUNDQUIST	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
NATALIE HESTER	CO-PRESIDENT, EXTERNAL AFFAIRS	2.00	Officer	$35,202	$36,014	$351,766
ELIZABETH HAID BLOXHAM	CO-PRESIDENT, FINANCE AND OPERATIONS	2.00	Officer	$7,503	$36,856	$328,327
REKHA BHATT	CO-PRESIDENT, INNOVATIVE SCHOOLS	2.00	Officer	$1,729	$37,982	$333,091

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	$400,024	$732,745	$947,934	$-332,721
2022	$1,025,066	$814,300	$1,219,354	$210,766
2021	$1,485,042	$654,848	$956,672	$830,194
2020	$382,532	$292,435	$166,266	$90,097
2019	$87	$239,089	$25,750	$-239,002
2018	$34	$308,390	$338,176	$-308,356

WA CHARTERS ACTION