MACHINISTS INSTITUTE

EIN: 831938059 501(c)(3) Education

SEATTLE, WA

Total Revenue
$8,257,650
Total Expenses
$4,302,560
Total Assets
$12,598,708
Net Assets
$7,393,687
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
WA
Principal Officer
JON HOLDEN
Phone
2067640329
Tax Period
2023-01-01 to 2023-12-31

MACHINISTS INSTITUTE, founded in 2018, is a community nonprofit in the Education sector that reported $8.3M in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.0M, a strong 48% operating margin.

Mission

WE ENVISION A PROSPERITY FOR WORKERS ACROSS MULTIPLE INDUSTRIES THROUGH WORLD CLASS, ACCESSIBLE AND AFFORDABLE EDUCATION AND TRAINING BY PROVIDING PATHWAYS TO DEVELOP THE SKILLS NEEDED FOR IAM MEMBERS ALONG WITH THOSE IN OUR COMMUNITY IN NEED OF OPPORTUNITIES AND RIGHTS IN THE WORKPLACE.

Program Service Accomplishments

Program 1
Expenses: $2,342,702

L&I TRAINING, EDUCATION & SUPPORT:-SERVE 100 APPRENTICES PER YEAR-SERVE 100 PRE-APPRENTICES PER YEAR -SERVE 200 INCUMBENT WORKERS PER YEAR-OPEN A TRAINING CENTER IN THE SOUTH SEATTLE AREA TO PROVIDE...

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L&I TRAINING, EDUCATION & SUPPORT:-SERVE 100 APPRENTICES PER YEAR-SERVE 100 PRE-APPRENTICES PER YEAR -SERVE 200 INCUMBENT WORKERS PER YEAR-OPEN A TRAINING CENTER IN THE SOUTH SEATTLE AREA TO PROVIDE TRAININGS FOR ALL CATEGORIES LISTED ABOVE-RESEARCH AND WORK TO OPEN A CHILDCARE SITE IN THE PUGET SOUND AREA THAT OCUSES ON HOURS FOR WORKERS THAT WORK NON-STANDARD HOURS FROM ALL TRADES AND OCCUPATIONS. -ENHANCE THE MI'S WEBSITE TO PORTRAY CURRENT EVENTS AND CLASSES-PROVIDE STUDENT SUPPORT SERVICES IN THE FORM OF TUITION, CHILDCARE, HOUSING, TRANSPORTATION AND FOOD ASSISTANCE.-PROVIDE PRE-APPRENTICESHIP TRAINING FOR ANYONE IN THE GREATER PUGET SOUND AREA.-WORKING WITH CAEL AND AREA COMMUNITY AND TECHNICAL COLLEGES BEGIN TO CREATE A MULTI-OCCUPATIONAL DEGREE PATHWAY IN WHICH APPRENTICES THAT HAVE COMPLETED 4 YEARS OF OJT CAN ACQUIRE THEIR 2 YEAR AA DEGREE THROUGH EVCC BY ENHANCING THEIR RSI INSTRUCTION TO MEET THE REQUIREMENTS OF EVCC'S BASIC DEGREE COMPLETION CLASSES I.E. COMMUNICATION, ENGLISH, AND MATH.

Program 2
Expenses: $540,624 Revenue: $16,856

CAREER CONNECT WASHINGTON - SPOKANE:- COMPLETE REVISION OF STANDARDS AND RELATED SUPPLEMENTAL INSTRUCTION OUTLINE AND SUBMIT TO THE STATE BOARD FOR COMMUNITY AND TECHNCIAL COLLEGES AND WASHINGTON...

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CAREER CONNECT WASHINGTON - SPOKANE:- COMPLETE REVISION OF STANDARDS AND RELATED SUPPLEMENTAL INSTRUCTION OUTLINE AND SUBMIT TO THE STATE BOARD FOR COMMUNITY AND TECHNCIAL COLLEGES AND WASHINGTON STATE APPRENTICESHIP COUNCIL FOR REGISTRATION OF THE MACHINIST OCCUPATION (OCCUPATION TO ADDRESS ADVANCED MANUFACTURING)- SUBMIT LETTER OF ENDORSEMENT FROM SPOKANE COMMUNITY COLLEGE HIGHER-EDUCATION INSTITUTION PARTNERS PROVIDING A MINIMUM OF FIVE CREDITS TOWARDS AN ACADEMIC CREDENTIAL TO PROGRAM PARTICIPANTS.- CONVENE SCHOOL DISTRICTS, BUSINESSES, LWDB'S TRAINING PROVIDERS, AND COMMUNITY-BASED ORGANIZATIONS AND CREATE SPECIFIC ROLES AND RESPONSIBILITIES FOR EACH TO IMPLEMENT STRATEGIES THAT INCREASE ACCESS FOR INDIVIDUALS WITH BARRIERS TO EMPLOYMENT.

Program 3
Expenses: $360,416 Revenue: $64,210

PAMA:- COMMUNICATING WITH BOEING AND IAM JOINT PROGRAMS ABOUT EXPANDING APPRENTICESHIP TO ADDITIONAL OCCUPATIONS, ENHANCING CURRENT PROGRAMS, AND LAUNCHING MENTORSHIP TRAINING.- UPDATED THE EXISTING...

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PAMA:- COMMUNICATING WITH BOEING AND IAM JOINT PROGRAMS ABOUT EXPANDING APPRENTICESHIP TO ADDITIONAL OCCUPATIONS, ENHANCING CURRENT PROGRAMS, AND LAUNCHING MENTORSHIP TRAINING.- UPDATED THE EXISTING REGISTERED APPRENTICESHIP STANDARDS FROM THE GREATER PUGET SOUND AREA AUTOMOTIVE MACHINISTS APPRENTICESHIP COMMITTEE TO THE NORTHWEST MACHINISTS APPRENTICESHIP COMMITTEE.- WORKED WITH IAM W25 TO CONNECT WITH MANUFACTURING EMPLOYERS IN WOOD I.E. WEYERHAUSER AND OTHER MILLS. WORKED WITH MARITIME CENTER OF EXCELLENCE FOR OUTREACH TO MARITIME MANUFACTURING EMPLOYERS TO PROVIDE TECHNICAL ASSISTANCE TO DEVELOP NEW AND EXPAND EXISTING REGISTERED APPRENTICESHIP IN MARITIME MANUFACTURING.- DELIVERED MENTORSHIP MATTERS TRAINING, AN ONLINE SEMINAR THAT TEACHES COMMUNICATION SKILLS THAT MAKE THE WORKPLACE MORE EFFECTIVE AND EFFICIENT.

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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 $7,837,612
Program Service Revenue $82,205
Investment Income $255,091
Other Revenue $82,742
TOTAL REVENUE $8,257,650

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,243,593
Fundraising Expenses $39,904
Program Expenses $3,604,157
Other Expenses $2,058,967
TOTAL EXPENSES $4,302,560

Year-over-Year Comparison

2023 2022 Change
Revenue $8,257,650 $5,139,039 +0.6%
Expenses $4,302,560 $3,266,592 +0.3%
Net Income $3,955,090 $1,872,447 +1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
5
Employees
18
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
$623,915
Total Directors
8
$632,615
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JON HOLDEN BOARD PRESIDENT 1.50
Officer Director
$0 $8,999 $212,412
RICHARD JACKSON SECRETARY & TREASURER 1.50
Officer Director
$0 $26,184 $214,545
LEVI WILSON BOARD MEMBER 1.00
Director
$0 $585 $14,013
AMBER ROULST BOARD MEMBER 1.00
Director
$0 $8,563 $72,472
BRUCE MCFARLAND BOARD MEMBER 1.00
Director
$0 $250 $2,446
LLOYD CAITLIN BOARD MEMBER 1.00
Director
$0 $0 $58,965
JIM HENLE BOARD MEMBER 1.00
Director
$0 $6,863 $23,655
DIANA NOINALA BOARD MEMBER 1.00
Director
$0 $3,642 $34,107
SHANA PESCHEK EXECUTIVE DIRECTOR 40.00
Officer
$159,245 $37,713 $196,958
ADAM GRIM DEPUTY DIRECTOR 40.00
Highest
$129,976 $38,033 $168,009
SUSAN BRADSHAW GRANT DIRECTOR 40.00
Highest
$114,021 $34,303 $148,324
BARTHOLOMEW KIMANI PROGRAM DIRECTOR 40.00
Highest
$113,849 $36,754 $150,603
RUSSEL LITTLETON REGIONAL DIRECTOR - TUKWILA 40.00
Highest
$106,323 $36,136 $142,459
JASON TROSINE REGIONAL DIRECTOR - SPOKANE 40.00
Highest
$106,323 $36,136 $142,459
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 No data No data No data No data
2023 $8,257,650 $4,302,560 $12,598,708 $3,955,090
2022 $5,139,039 $3,266,592 $11,480,036 $1,872,447
2021 $2,837,066 $1,788,204 $11,410,258 $1,048,862
2020 $523,113 $312,695 $494,678 $210,418
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