FW PAEC QALICB

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

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.

Mission

THE CORPORATION IS ORGANIZED AND MUST BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF THE CITY OF FEDERAL WAY, A MUNICIPAL CORPORATION OF THE STATE OF WASHINGTON ("CITY OF FEDERAL WAY"), WHICH IS EXEMPT FROM FEDERAL INCOME TAX AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(1) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

Program Service Accomplishments

Program 1

Expenses: $1,243,924 Revenue: $365,260

FW PAEC QALICB IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE CITY OF FEDERAL WAY, A WASHINGTON MUNICIPAL CORPORATION. FW PAEC QALICB'S PURPOSE IS TO HOLD, IMPROVE, AND LEASE REAL...

FW PAEC QALICB IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE CITY OF FEDERAL WAY, A WASHINGTON MUNICIPAL CORPORATION. FW PAEC QALICB'S PURPOSE IS TO HOLD, IMPROVE, AND LEASE REAL PROPERTY TO THE CITY OF FEDERAL WAY IN FURTHERANCE OF ITS NONPROFIT PURPOSE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
STEVE GROOM	DIRECTOR OF FINANCE	Officer Director	$0	$0	$0
MARY GATES	SECRETARY	Officer Director	$0	$0	$0
MIKE PARK	TREASURER	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