LAKE WASHINGTON SCHOOLS FOUNDATION (EIN 550891792) - 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

2005

Legal Domicile

Principal Officer

IRENE NEUMANN

Phone

4259361414

Tax Period

2022-07-01 to 2023-06-30

LAKE WASHINGTON SCHOOLS FOUNDATION, founded in 2005, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $618K in total revenue in fiscal year 2022. Expenses of $814K exceeded revenue, resulting in a 32% operating deficit.

Mission

The Lake Washington Schools Foundation gathers and deploys community resources to enhance academic access and to nurture all students' emotional well-being.

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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 (2022)

Revenue Breakdown

Contributions & Grants $648,401

Program Service Revenue $0

Investment Income $2,983

Other Revenue $-33,066

TOTAL REVENUE $618,318

Expense Breakdown

Grants Paid $254,896

Salaries & Benefits $196,499

Fundraising Expenses $76,128

Program Expenses $696,714

Other Expenses $362,776

TOTAL EXPENSES $814,171

Year-over-Year Comparison

	2022	2021	Change
Revenue	$618,318	$650,602	0.0%
Expenses	$814,171	$653,617	+0.2%
Net Income	$-195,853	$-3,015	+64.0%

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

150

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

$98,125

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATY PHILIPS	Executive Direc	40.00	Officer	$94,683	$3,442	$98,125
Dan Ross	Trustee	2.00	Director	$0	$0	$0
TIM CAMPBELL	Trustee	2.00	Director	$0	$0	$0
Joan Krona	Treasurer	4.00	Officer Director	$0	$0	$0
NANCY COLBURN	President	4.00	Officer Director	$0	$0	$0
Catherine Boeger	Trustee	2.00	Director	$0	$0	$0
Girish Joshi	Trustee	2.00	Director	$0	$0	$0
Sudha Sharma	Trustee	2.00	Director	$0	$0	$0
XUBEI ZHANG	Trustee	2.00	Director	$0	$0	$0
Jen O'Donnell	Trustee	2.00	Director	$0	$0	$0
JONATHAN HEUER	Co-Vice Pres.	4.00	Officer Director	$0	$0	$0
IRENE NEUMANN	Secretary	4.00	Officer Director	$0	$0	$0
Mindy Lincicome	Co-Vice Pres.	2.00	Officer Director	$0	$0	$0
Jana Koeberle	Trustee	2.00	Director	$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$618,318	$814,171	$887,213	$-195,853
2022	$650,602	$653,617	$845,897	$-3,015
2021	$830,157	$438,643	$860,093	$391,514
2020	$669,356	$541,517	$542,801	$127,839
2019	$522,072	$533,047	$408,797	$-10,975

LAKE WASHINGTON SCHOOLS FOUNDATION