WASHINGTON LOCAL SCHOOLS FOUNDATION (EIN 861805590) - 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

2021

Legal Domicile

Principal Officer

BETH CARR

Phone

4199312021

Tax Period

2024-01-01 to 2024-12-31

WASHINGTON LOCAL SCHOOLS FOUNDATION, founded in 2021, is a small nonprofit in the Education sector that reported $209K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $195K left a modest 7% surplus.

Mission

TO CONNECT WASHINGTON LOCAL SCHOOLS WITH PHILANTHROPIC OPPORTUNITIES TO PROVIDE THE RESOURCES NEEDED FOR ALL STUDENTS TO EXCEL INSIDE AND OUTSIDE OF THE CLASSROOM THROUGH INNOVATIVE AND EXTRAORDINARY EXPERIENCES.

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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 $203,445

Program Service Revenue $0

Investment Income $1,749

Other Revenue $3,972

TOTAL REVENUE $209,166

Expense Breakdown

Grants Paid $66,131

Salaries & Benefits $0

Fundraising Expenses $10,645

Program Expenses $116,704

Other Expenses $129,186

TOTAL EXPENSES $195,317

Year-over-Year Comparison

	2024	2023	Change
Revenue	$209,166	$182,411	+0.1%
Expenses	$195,317	$115,461	+0.7%
Net Income	$13,849	$66,950	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENT BISHOP	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEITH RECKNAGEL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BETH CARR	TREASURER	1.00	Officer Director	$0	$0	$0
DR KADEE ANSTADT	TRUSTEE	1.00	Director	$0	$0	$0
IRSHAD BANNISTER	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA CARY	TRUSTEE	1.00	Director	$0	$0	$0
DR ROBERT LAYMAN	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS SNOOK	TRUSTEE	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	No data	No data	No data	No data
2024	$209,166	$195,317	$294,839	$13,849
2023	$182,411	$115,461	$263,522	$66,950
2023	$182,411	$115,461	$263,522	$66,950
2022	$245,136	$194,401	$196,572	$50,735
2021	$168,640	$22,803	$145,837	$145,837

WASHINGTON LOCAL SCHOOLS FOUNDATION