WASHINGTON REGIONAL ASSOCIATION OF GRANTMAKERS (EIN 521756853) - 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

1991

Legal Domicile

Principal Officer

GLORIA NAUDEN

Phone

2029393440

Tax Period

2023-01-01 to 2023-12-31

WASHINGTON REGIONAL ASSOCIATION OF GRANTMAKERS, founded in 1991, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.9M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $5.7M exceeded revenue, resulting in a 45% operating deficit.

Mission

SEE PART III, LINE 1.

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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 $3,401,476

Program Service Revenue $279,133

Investment Income $505

Other Revenue $264,264

TOTAL REVENUE $3,945,378

Expense Breakdown

Grants Paid $997,544

Salaries & Benefits $2,286,158

Fundraising Expenses $262,789

Program Expenses $5,269,588

Other Expenses $2,438,641

TOTAL EXPENSES $5,722,343

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,945,378	$4,207,664	-0.1%
Expenses	$5,722,343	$5,169,149	+0.1%
Net Income	$-1,776,965	$-961,485	+0.8%

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

$223,651

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER PEELER	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
AMANDA MISIKO ANDERE	VICE CHAIR	3.00	Officer Director	$0	$0	$0
CRYTSAL CARR TOWNSEND	TREASURER	5.00	Officer Director	$0	$0	$0
HANH LE	SECRETARY	3.00	Officer Director	$0	$0	$0
KELLY LYNCH	BOARD MEMBER	1.00	Director	$0	$0	$0
TONIA WELLONS	BOARD MEMBER	1.00	Director	$0	$0	$0
KIRRA JARRATT	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE WAGNER	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANA ALONZO WATKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE ASKEW	BOARD MEMBER	1.00	Director	$0	$0	$0
REBECCA CISEK	BOARD MEMBER	1.00	Director	$0	$0	$0
CAITLIN DUFFY	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEXIS SQUIRE	BOARD MEMBER	1.00	Director	$0	$0	$0
CLARENCE FLUKER	BOARD MEMBER	1.00	Director	$0	$0	$0
ANAND DHOLAKIA	BOARD MEMBER	1.00	Director	$0	$0	$0
RUTH LATOISON IFILL	PRESIDENT & CEO	40.00	Officer	$185,131	$38,520	$223,651
LENI DWORKIS	DIR., PROGRAMS & OPS. (UNTIL 12/23)	40.00	Highest	$107,573	$22,049	$129,622
JOSEPH SERVIDIO	DEPUTY EXEC. DIRECTOR, WAP	40.00	Highest	$105,000	$14,212	$119,212
CHANNING WICKHAM	EXECUTIVE DIRECTOR, WAP	40.00	Highest	$160,930	$30,267	$191,197
ANDREW RUSSO	CO-FOUNDER & DIR, NSFN (UNTIL 11/23)	40.00	Highest	$129,997	$27,490	$157,487

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	$3,945,378	$5,722,343	$3,682,958	$-1,776,965
2022	$4,207,664	$5,169,149	$5,838,205	$-961,485
2021	$5,347,211	$4,852,674	$7,227,473	$494,537
2020	$4,623,204	$4,357,227	$6,597,883	$265,977
2019	$4,594,304	$6,012,907	$3,939,058	$-1,418,603
2018	$5,451,218	$5,987,252	$5,375,134	$-536,034

WASHINGTON REGIONAL ASSOCIATION OF GRANTMAKERS