FW PAEC QALICB

EIN: 821610677 501(c)(3) Public & Societal Benefit

FEDERAL WAY, WA

Total Revenue
$365,260
Total Expenses
$1,258,532
Total Assets
$34,606,244
Net Assets
$25,296,244
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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
WA
Principal Officer
STEVE GROOM
Phone
2538352521
Tax Period
2023-01-01 to 2023-12-31

FW PAEC QALICB, founded in 2017, is a small nonprofit in the Public & Societal Benefit sector that reported $365K in total revenue in fiscal year 2023. Expenses of $1.3M exceeded revenue, resulting in a 245% operating deficit.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $365,260
Investment Income $0
Other Revenue $0
TOTAL REVENUE $365,260

Expense Breakdown

Grants Paid $309,562
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,243,924
Other Expenses $948,970
TOTAL EXPENSES $1,258,532

Year-over-Year Comparison

2023 2022 Change
Revenue $365,260 $358,100 +0.0%
Expenses $1,258,532 $1,274,764 0.0%
Net Income $-893,272 $-916,664 0.0%
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

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE GROOM DIRECTOR OF FINANCE 0.00
Officer Director
$0 $0 $0
MARY GATES SECRETARY 0.00
Officer Director
$0 $0 $0
MIKE PARK TREASURER 0.00
Officer 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
2023 $365,260 $1,258,532 $34,606,244 $-893,272
2022 $358,100 $1,274,764 $35,366,019 $-916,664
2021 $356,275 $1,241,740 $36,142,026 $-885,465
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