Our Ark

EIN: 862051287 501(c)(3) Youth Development

lacey, WA

Total Revenue
$441,240
Total Expenses
$263,911
Total Assets
$27,864
Net Assets
N/A
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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
WA
Phone
3609600141
Tax Period
2024-01-01 to 2024-12-31

Our Ark, founded in 2021, is a small nonprofit in the Youth Development sector that reported $441K in total revenue in fiscal year 2024. The organization ran a surplus of $177K, a strong 40% operating margin.

Mission

Breaking cycles of homelessness for street youth and young adults ages 13-25

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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 (2024)

Revenue Breakdown

Contributions & Grants $441,240
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $441,240

Expense Breakdown

Grants Paid $0
Salaries & Benefits $79,337
Fundraising Expenses $3
Program Expenses $132,586
Other Expenses $184,574
TOTAL EXPENSES $263,911

Year-over-Year Comparison

2024 2023 Change
Revenue $441,240 N/A N/A
Expenses $263,911 N/A N/A
Net Income $177,329 N/A N/A
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

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Governance

Voting Members
1
Independent Members
N/A
Employees
N/A
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
0
$0
Total Directors
1
$23,415
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Danny Burkett President 0.00
Director
$23,415 $0 $23,415
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 $441,240 $263,911 $27,864 $177,329
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