FOLK EDUCATION SERVICES

EIN: 610996174 501(c)(3) Education

OLYMPIA, WA

Total Revenue
$229,297
Total Expenses
$179,070
Total Assets
$42,855
Net Assets
$39,607
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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
1980
Legal Domicile
WA
Principal Officer
DAWN MURPHY
Phone
3609435749
Tax Period
2024-01-01 to 2024-12-31

FOLK EDUCATION SERVICES, founded in 1980, is a small nonprofit in the Education sector that reported $229K in total revenue in fiscal year 2024. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $50K, a strong 22% operating margin.

Mission

PROMOTE FOLK EDUCATION

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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 $229,297
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $229,297

Expense Breakdown

Grants Paid $0
Salaries & Benefits $59,476
Fundraising Expenses $0
Program Expenses $179,070
Other Expenses $119,594
TOTAL EXPENSES $179,070

Year-over-Year Comparison

2024 2023 Change
Revenue $229,297 $129,554 +0.8%
Expenses $179,070 N/A N/A
Net Income $50,227 $129,554 -0.6%
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

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Governance

Voting Members
10
Independent Members
10
Employees
3
Volunteers
10

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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAWN MURPHY DIRECTOR 20.00
Highest
$21,125 $0 $21,125
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 $229,297 $179,070 $42,855 $50,227
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