WASHINGTON LEGAL FOUNDATION (EIN 521071570) - 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

1976

Legal Domicile

Principal Officer

CONSTANCE C LARCHER

Phone

2025880302

Tax Period

2023-01-01 to 2023-12-31

WASHINGTON LEGAL FOUNDATION, founded in 1976, is a community nonprofit in the Crime & Legal sector that reported $3.6M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $1.7M, a strong 47% operating margin.

Mission

THE FOUNDATION WORKS WITH OUR LEGAL SYSTEM TO MAINTAIN BALANCE IN THE COURTS AND STRENGTHEN AMERICA'S FREE ENTERPRISE 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 $2,751,471

Program Service Revenue $0

Investment Income $803,644

Other Revenue $0

TOTAL REVENUE $3,555,115

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,274,214

Fundraising Expenses $232,459

Program Expenses $1,208,867

Other Expenses $603,466

TOTAL EXPENSES $1,877,680

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,555,115	$3,798,630	-0.1%
Expenses	$1,877,680	$1,731,422	+0.1%
Net Income	$1,677,435	$2,067,208	-0.2%

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

$141,773

Total Directors

$141,773

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CONSTANCE C LARCHER	CHAIR / PRESIDENT	37.50	Officer Director	$130,272	$11,501	$141,773
MICHAEL HICKEY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DUSTIN J DEVANEY	TREASURER / SECRETARY	1.00	Officer Director	$0	$0	$0
MATTHEY HUMPHREY	BOARD MEMBER	1.00	Director	$0	$0	$0
GLENN G LAMMI	EXEC DIR / VP LEGAL STUDIES	40.00	Highest	$308,753	$0	$308,753
CORY L ANDREWS	GENERAL COUNSEL / VP LITIGATION	40.00	Highest	$303,687	$0	$303,687
JOHN MASSLON	SENIOR LITIGATION COUNSEL	40.00	Highest	$200,618	$3,405	$204,023

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	$3,555,115	$1,877,680	$35,440,061	$1,677,435
2022	$3,798,630	$1,731,422	$31,843,012	$2,067,208
2021	$3,704,118	$1,706,875	$33,526,815	$1,997,243
2020	$3,823,526	$1,894,020	$30,750,487	$1,929,506
2019	$2,605,351	$2,418,891	$27,867,886	$186,460
2018	$3,740,946	$2,410,581	$26,431,271	$1,330,365

WASHINGTON LEGAL FOUNDATION