WESTERN STATES PROJECT TRAINING FUND (EIN 861044559) - 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

2001

Legal Domicile

Principal Officer

MICHAEL RICHARDSON

Phone

3606206182

Tax Period

2025-01-01 to 2025-12-31

WESTERN STATES PROJECT TRAINING FUND, founded in 2001, is a small nonprofit in the Environment sector that reported $559K in total revenue in fiscal year 2025. Revenue decreased 14% compared to the prior year. Expenses of $704K exceeded revenue, resulting in a 26% operating deficit.

Mission

SUPPORT STATE & LOCAL TRAINING ON ENVIRONMENTAL COMPLIANCE & ENFORCEMENT.

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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 (2025)

Revenue Breakdown

Contributions & Grants $60,000

Program Service Revenue $429,702

Investment Income $69,611

Other Revenue $0

TOTAL REVENUE $559,313

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $665,635

Other Expenses $703,767

TOTAL EXPENSES $703,767

Year-over-Year Comparison

	2025	2024	Change
Revenue	$559,313	$646,809	-0.1%
Expenses	$703,767	$482,719	+0.5%
Net Income	$-144,454	$164,090	-1.9%

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

N/A

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

$8,327

Total Directors

$8,327

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL RICHARDSON	PRESIDENT	0.25	Officer Director	$0	$0	$0
MICHAEL FREEMAN	VICE PRESIDENT	0.25	Officer Director	$5,000	$0	$5,000
JOHN A HUNTINGTON	TREASURER	1.50	Officer Director	$2,577	$0	$2,577
JOHN M FENTIS	SECRETARY	0.25	Officer Director	$750	$0	$750
ANNALYNN SETTELMEYER	OFFICER	0.25	Officer	$0	$0	$0
AUDREY O'BRIEN	OFFICER	0.25	Officer	$0	$0	$0
ASHLEY LOEHNDORF	OFFICER	0.30	Officer	$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
2025	$559,313	$703,767	$1,715,165	$-144,454
2024	$646,809	$482,719	$1,825,484	$164,090
2023	$817,159	$388,102	$1,629,806	$429,057
2022	$424,417	$139,582	$1,167,157	$284,835
2021	$158,376	$217,362	$1,070,152	$-58,986
2020	$183,142	$123,596	$1,089,113	$59,546
2019	$238,697	$247,321	$954,784	$-8,624

WESTERN STATES PROJECT TRAINING FUND