SEATTLE, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WASHINGTON FILMWORKS, founded in 2006, is a mid-sized nonprofit in the Community Improvement sector that reported $11.9M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $7.9M, a strong 67% operating margin.
TO BUILD AND ENHANCE THE COMPETITIVENESS OF WASHINGTON STATE'S FILM AND ASSOCIATED CREATIVE INDUSTRY. WE ACCOMPLISH THIS BY MARKETING AND MANAGING THE STATE'S PRODUCTION INCENTIVE PROGRAM, REPRESENTING THE STATE IN NATIONAL AND INTERNATIONAL FILM PRODUCTION MARKET, SUPPORTING THE BUSINESS OF FILM, ENCOURAGING PROFESSIONAL DEVELOPMENT AND EMPLOYMENT AND COLLABORATING WITH OTHER AGENCIES AND CORPORATIONS DEDICATED TO THE ECONOMIC DEVELOPMENT OPPORTUNITIES PROVIDED BY THE FILM INDUSTRY.
WASHINGTON FILMWORKS MANAGES TWO FUNDING PROGRAMS AS THE STATE FILM INCENTIVE. THE SMALL BUDGET PRODUCTION INITIATIVE (SBPI) AND THE LEGACY PRODUCTION INCENTIVE PROGRAM (PIP). BOTH PROGRAMS WERE...
WASHINGTON FILMWORKS MANAGES TWO FUNDING PROGRAMS AS THE STATE FILM INCENTIVE. THE SMALL BUDGET PRODUCTION INITIATIVE (SBPI) AND THE LEGACY PRODUCTION INCENTIVE PROGRAM (PIP). BOTH PROGRAMS WERE ESTABLISHED TO GROW AND SUPPORT THE STATEWIDE FILM INDUSTRY. SBPI IS DESIGNED TO FOR EMERGING RESIDENT FILMMAKERS WITH EARLY-STAGE FUNDING COMMITMENTS AND FUNDING ASSISTANCE FOR PROJECTS BUDGETED BETWEEN $20,000 AND $1 MILLION. PIP CONTINUES TO BE THE BEST TOOL THE STATE HAS TO ATTRACT MOTION PICTURE PRODUCTION TO THE STATE. BETWEEN FEBRUARY 2007 WHEN THE PROGRAM WAS LAUNCHED AND JUNE 30, 2024, 139 PRODUCTIONS HAVE COMPLETED PRINCIPAL PHOTOGRAPHY INCLUDING 52 FEATURES, 23 EPISODIC PROJECTS, 59 COMMERCIALS, 4 SHORT FILMS, AND 1 VIRTUAL REALITY PROJECT. THESE PRODUCTIONS HAVE COLLECTIVELY SPENT OVER $168.2 MILLION IN COMMUNITIES ALL ACROSS WASHINGTON STATE, WHILE RECEIVING $48.9 MILLION IN FINANCIAL INCENTIVES. THE RETURN ON INVESTMENT REPRESENTS REAL ECONOMIC DEVELOPMENT FOR THE STATE OF WASHINGTON.
FWD, THE WORKFORCE DEVELOPMENT OFFICE FOR THE WASHINGTON FILMWORKS USES A COMMUNITY INFORMED APPROACH TO CREATE STATEWIDE PLANS, PROGRAMS, AND RESOURCES TO BUILD THE DEPTH AND BREADTH OF THE...
FWD, THE WORKFORCE DEVELOPMENT OFFICE FOR THE WASHINGTON FILMWORKS USES A COMMUNITY INFORMED APPROACH TO CREATE STATEWIDE PLANS, PROGRAMS, AND RESOURCES TO BUILD THE DEPTH AND BREADTH OF THE STATEWIDE FILM INDUSTRY WORKFORCE. FWD AIMS TO SUPPORT AND AMPLIFY EFFORTS TO ENSURE THAT THE WORKFORCE IS DIVERSE AND INCLUSIVE, AND THAT CAREER PATHWAYS ARE EQUITABLE AND ACCESSIBLE. THE FIRST PROGRAM LAUNCED WAS THE ABOVE THE LINE EDUCATION FORUM AND MENTORSHIP PROGRAM. THIS PROGRAM SERVED 30 EMERGING WASHINGTON STATE DIRECTORS AND PRODUCERS WHO PARTICIPATED IN A 12-WEEK EDUCATIONAL FORUM. FIVE GRADUATES WERE SELECTED TO PARTICIPATE IN A SIX-MONTH MENTORSHIP PROGRAM TO DEVELOP THEIR OWN FEATURE FILM PROJECT.
FWD ALSO LAUNCHED A FUNDING INITIATIVE IN EARLY 2024 AS A DIRECT RESPONSE TO COMMUNITY FEEDBACK. THE PROGRAM IS DESIGNED TO INVEST IN COMMUNITY DRIVEN FILM INDUSTRY WORKFORCE DEVELOPMENT EFFORTS THAT...
FWD ALSO LAUNCHED A FUNDING INITIATIVE IN EARLY 2024 AS A DIRECT RESPONSE TO COMMUNITY FEEDBACK. THE PROGRAM IS DESIGNED TO INVEST IN COMMUNITY DRIVEN FILM INDUSTRY WORKFORCE DEVELOPMENT EFFORTS THAT SERVE HISTORICALLY UNDERREPRESENTED COMMUNITIES MEMBERS. IN FY 2024, WASHINGTON FILMWORKS SELECTED 5 PROPOSALS FROM ACROSS THE STATE TO FINANCIALLY SUPPORT: ONE PROJECT PROVIDING FILM INDUSTRY AWARENESS EXPOSURE TO FILM INDUSTRY JOBS AND CAREER PATHWAYS, FOUR PROJECTS PROVIDING FILM INDUSTRY TRAINING HANDS ON JOB PREPARATION IN INDUSTRY SETTINGS, AND ONE PROJECT ADDITIONALLY PROVIDING FILM INDUSTRY EMPLOYMENT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $11,926,794 | $15,100,184 | -0.2% |
| Expenses | $3,994,878 | $4,266,290 | -0.1% |
| Net Income | $7,931,916 | $10,833,894 | -0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DON JENSEN | CHAIR | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| ALAN NAY | VICE CHAIR | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN COOPER | TREASURER | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANDREA STUART-LEHALLE | SECRETARY | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| REBECCA COOK | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JEFF BAREHAND | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JOLENE DISALVO | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TONY DOUPE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JANNAT GARGI | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MYRON PARTMAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MALCOLM PELLES | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DEVANTE SMITH | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JESSICA STOLLER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| AMY LILLARD | EXECUTIVE DIRECTOR | 50.00 |
Officer
|
$212,419 | $21,774 | $234,193 |
| JULIE DAMAN | DIRECTOR OF FINANCE & OPS | 50.00 |
Officer
|
$143,056 | $16,998 | $160,054 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $11,926,794 | $3,994,878 | $23,120,563 | $7,931,916 |
| 2023 | $15,100,184 | $4,266,290 | $16,135,061 | $10,833,894 |
| 2022 | $2,210,938 | $5,209,533 | $4,994,357 | $-2,998,595 |
| 2021 | $4,223,000 | $1,043,836 | $7,296,679 | $3,179,164 |
| 2020 | $3,401,372 | $3,066,168 | $5,062,524 | $335,204 |
| 2019 | $3,479,458 | $3,298,099 | $3,407,465 | $181,359 |
| 2018 | $2,595,385 | $3,145,653 | $3,217,757 | $-550,268 |
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