RAINIER OLYMPIC NURSES ASSOCIATION

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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

2013

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

RAINIER OLYMPIC NURSES ASSOCIATION, founded in 2013, is a small nonprofit that reported $132K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $127K left a modest 4% surplus.

Mission

PROMOTE PROFESSIONAL DEVELOPMENT OF REGISTERED NURSES.

Program Service Accomplishments

Program 1

Expenses: $38,387

PROVIDED CONTINUING EDUCATION AND PROFESSIONAL SUPPORT. PROVIDED VIRTUAL AND IN PERSON NURSING EDUCATION PROGRAMS ON THE FOLLOWING TOPICS: NURSING DOCUMENTATION, IMPLICIT BIAS, SAFE STAFFING, AND...

PROVIDED CONTINUING EDUCATION AND PROFESSIONAL SUPPORT. PROVIDED VIRTUAL AND IN PERSON NURSING EDUCATION PROGRAMS ON THE FOLLOWING TOPICS: NURSING DOCUMENTATION, IMPLICIT BIAS, SAFE STAFFING, AND MEDICAL ETHICS AND SYSTEMIC RACISM IN HEALTHCARE.

Program 2

Expenses: $14,463

HELD A NURSES MONTH CELEBRATION TO CELEBRATE OUR NURSE OF THE YEAR. PUBLISHED A TWICE-YEARLY NEWSLETTER AND DISTRIBUTED 3,400 COPIES BY MAIL AND AT EVENTS.

Program 3

Expenses: $5,225

AWARDED 10 SCHOLARSHIPS RANGING FROM $500 TO $2,000 TO NURSING STUDENTS INCLUDING TO NURSES WHO ARE WORKING ON ADVANCED DEGREES. PRESENTED BOTH IN PERSON AND VIA ZOOM TO NURSING STUDENTS AS WELL AS HIGH SCHOOL STUDENTS WHO ARE INTERESTED IN PURSUING A CAREER IN NURSING TO PROMOTE A CAREER IN NURSING AND ASSIST WITH SUPPORTING NEW NURSES.

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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 $126,245

Program Service Revenue $780

Investment Income $4,991

Other Revenue $0

TOTAL REVENUE $132,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,400

Fundraising Expenses $0

Program Expenses $58,075

Other Expenses $58,730

TOTAL EXPENSES $127,130

Year-over-Year Comparison

	2023	2022	Change
Revenue	$132,016	$116,906	+0.1%
Expenses	$127,130	$125,164	+0.0%
Net Income	$4,886	$-8,258	-1.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
M JOSIE HANSEN	DIRECTOR	0.75	Director	$0	$0	$0
DEBI BROGAN	DIRECTOR	0.75	Director	$0	$0	$0
MICHAEL KRASHIN	DIRECTOR	0.75	Director	$0	$0	$0
SHANELL BROWN	DIRECTOR	0.75	Director	$0	$0	$0
EVELYN STREET	DIRECTOR	0.75	Director	$0	$0	$0
GORDON WEST	DIRECTOR	0.75	Director	$0	$0	$0
AMANDA MACKEY	DIRECTOR	0.75	Director	$0	$0	$0
TAMARA GREEN	PRESIDENT	1.50	Officer	$0	$0	$0
SUSAN JACOBSON	VICE PRESIDENT	0.75	Officer	$0	$0	$0
AGNES BALANGUE HERRON	TREASURER	1.00	Officer	$0	$0	$0
KIMBERLEY RUSSELL	SECRETARY	0.75	Officer	$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	$132,016	$127,130	$238,424	$4,886
2023	$116,906	$125,164	$216,322	$-8,258
2022	$129,822	$138,030	$212,139	$-8,208
2021	$148,874	$108,892	$250,572	$39,982
2020	$114,283	$105,494	$182,538	$8,789
2019	$128,807	$112,305	$187,009	$16,502