WA THERAPY FUND FOUNDATION

EIN: 852607648 501(c)(3) Mental Health

SEATTLE, WA

Total Revenue
$906,134
Total Expenses
$737,017
Total Assets
$637,846
Net Assets
$610,035
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
WA
Principal Officer
ASHLEY MCGIRT
Phone
2532054234
Tax Period
2023-01-01 to 2023-12-31

WA THERAPY FUND FOUNDATION, founded in 2020, is a small nonprofit in the Mental Health sector that reported $906K in total revenue in fiscal year 2023. The organization ran a surplus of $169K, a strong 19% operating margin.

Mission

TO ELIMINATE BARRIERS TO HEALING WITHIN BLACK COMMUNITIES THAT HAVE BEEN HISTORICALLY EXCLUDED FROM CARE.

Program Service Accomplishments

Program 1
Expenses: $611,209 Revenue: $22,600

SUPPORTING THE TUITION COST TO INCREASE THE NUMBER OF CULTURALLY RESPONSIVE CLINICIANS SERVING MARGINALIZED POPULATIONS.

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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 $881,363
Program Service Revenue $22,600
Investment Income $206
Other Revenue $1,965
TOTAL REVENUE $906,134

Expense Breakdown

Grants Paid $22,704
Salaries & Benefits $249,466
Fundraising Expenses $49,595
Program Expenses $611,209
Other Expenses $464,847
TOTAL EXPENSES $737,017

Year-over-Year Comparison

2023 2022 Change
Revenue $906,134 $900,283 +0.0%
Expenses $737,017 $495,757 +0.5%
Net Income $169,117 $404,526 -0.6%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
3
Volunteers
75

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
4
$138,192
Total Directors
9
$138,192
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ASHLEY MCGIRT CEO/PRESIDENT 40.00
Officer Director
$127,942 $0 $127,942
DEAUNTE DAMPER VICE PRESIDENT 4.00
Officer Director
$10,250 $0 $10,250
REYNELDA SOLITAIRE SECRETARY 4.00
Officer Director
$0 $0 $0
DAVID COVEN TREASURER 4.00
Officer Director
$0 $0 $0
HUSTON ADAIR JR BOARD MEMBER 2.00
Director
$0 $0 $0
KEISHA CREDIT BOARD MEMBER 2.00
Director
$0 $0 $0
JULIE DAVIDSON BOARD MEMBER 2.00
Director
$0 $0 $0
DR CHALON ERVIN BOARD MEMBER 2.00
Director
$0 $0 $0
ANGELA SAIDYBAH BOARD MEMBER 2.00
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 No data No data No data No data
2023 $906,134 $737,017 $637,846 $169,117
2022 $900,283 $495,757 $467,750 $404,526
2021 $237,257 $243,380 $61,680 $-6,123
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