WASHINGTON INNOCENCE PROJECT (EIN 833498962) - Form 990 Financial Analysis & Trantor Score

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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

2018

Legal Domicile

Principal Officer

LARA ZAROWSKY

Phone

2066369479

Tax Period

2024-01-01 to 2024-12-31

WASHINGTON INNOCENCE PROJECT, founded in 2018, is a community nonprofit in the Crime & Legal sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 114% from the prior year, signaling strong growth momentum. The organization ran a surplus of $331K, a strong 19% operating margin.

Mission

Washington Innocence Project (WashIP) works to free innocent Washington State prisoners, improve our criminal legal system through education and advocacy, and support the wrongly convicted in Washington State as they rebuild their lives in freedom.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,794,344

Program Service Revenue $1,406

Investment Income $-2,978

Other Revenue $-48,841

TOTAL REVENUE $1,743,931

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $1,002,983

Fundraising Expenses $70,971

Program Expenses $1,070,899

Other Expenses $309,935

TOTAL EXPENSES $1,412,918

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,743,931	$816,682	+1.1%
Expenses	$1,412,918	$1,092,639	+0.3%
Net Income	$331,013	$-275,957	-2.2%

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

$141,900

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARA ZAROWSKY	EXECUTIVE DIRECTOR	55.00	Officer	$141,900	$0	$141,900
LESTER GRIFFIN	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM CRONIN	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
DAVID B OWENS	SECRETARY	1.00	Officer Director	$0	$0	$0
HAIM SHARIF	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHLEY OCONNOR MCCREADY	BOARD PRESIDENT	2.00	Officer Director	$0	$0	$0
LA ROND BAKER	VICE PRESIDENT UNTIL 082024	1.00	Officer Director	$0	$0	$0
KELLY CANARY	BOARD MEMBER UNTIL 102024	1.00	Director	$0	$0	$0
ERIN KENWAY	BOARD MEMBER	1.00	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
2024	$1,743,931	$1,412,918	$743,142	$331,013
2023	$816,682	$1,092,639	$410,714	$-275,957
2022	$674,666	$916,808	$624,101	$-242,142
2021	$684,965	$722,076	$870,184	$-37,111
2020	$497,238	$207,480	$465,938	$289,758

WASHINGTON INNOCENCE PROJECT