FINANCIAL BEGINNINGS WASHINGTON

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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

2017

Legal Domicile

Principal Officer

SARAH GRUBBS

Phone

8004061876

Tax Period

2023-07-01 to 2024-04-30

FINANCIAL BEGINNINGS WASHINGTON, founded in 2017, is a small nonprofit that reported $308K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

FINANCIAL BEGINNINGS WASHINGTON EMPOWERS YOUTH AND ADULTS TO TAKE CONTROL OF THEIR FINANCIAL FUTURES.

Program Service Accomplishments

Program 1

Expenses: $209,177

FINANCIAL BEGINNINGS WASHINGTON INCREASES THE FINANCIAL CAPABILITY OF YOUTH AND ADULTS IN OUR STATE. DOING SO EMPOWERS THEM TO LIVE WITH LESS FINANCIAL UNCERTAINTY, AND INCREASES LIFE OPPORTUNITIES SUCH AS HOME OWNERSHIP, HIGHER EDUCATION, AND SECURE RETIREMENT. THIS IS ACCOMPLISHED THROUGH DELIVERING AGE-APPROPRIATE LESSONS FOR YOUTH IN GRADES K-12 AS WELL AS ADULTS, WORKING BOTH IN SCHOOLS AND COMMUNITY BASED ORGANIZATIONS. OUR PROGRAMS REACH ALL DEMOGRAPHICS BUT ARE DESIGNED TO EMPOWER ECONOMINCALLY VULNERABLE LEARNERS THROUGH INCLUSIVE FINANCIAL 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $150,833

Program Service Revenue $0

Investment Income $8,516

Other Revenue $148,847

TOTAL REVENUE $308,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $235,519

Fundraising Expenses $57,333

Program Expenses $209,177

Other Expenses $50,899

TOTAL EXPENSES $306,263

Year-over-Year Comparison

	2023	2022	Change
Revenue	$308,196	$388,272	-0.2%
Expenses	$306,263	$381,569	-0.2%
Net Income	$1,933	$6,703	-0.7%

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

$111,397

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH GRUBBS	Executive Dir.	35.00	Officer	$111,397	$0	$111,397
MARC WRIGHT	Director	1.00	Director	$0	$0	$0
DUNCAN TAYLOR	Treasurer	1.00	Officer Director	$0	$0	$0
HEIDI SEXTON	Chairman	1.00	Officer Director	$0	$0	$0
AMANDA LANG	Secretary	1.00	Officer Director	$0	$0	$0
RONECCA NORVELL	CEO	1.00	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
2024	$308,196	$306,263	No data	$1,933
2023	$388,272	$381,569	$322,350	$6,703
2022	$477,708	$374,292	$306,176	$103,416
2021	$440,926	$252,884	$229,520	$188,042