Federal Way Public Market (EIN 862626608) - 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

AnnMichelle Hart

Phone

2062615101

Tax Period

2024-01-01 to 2024-12-31

Federal Way Public Market, founded in 2021, is a micro nonprofit in the Community Improvement sector that reported $35K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $47K exceeded revenue, resulting in a 34% operating deficit.

Mission

Development of a year-round public market that would serve as a community hub to help community emerge as a more vibrant and economically viable place to live, work, and play.

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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 $35,350

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $35,350

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,930

Program Expenses $40,789

Other Expenses $42,551

TOTAL EXPENSES $47,481

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,350	$24,831	+0.4%
Expenses	$47,481	$29,605	+0.6%
Net Income	$-12,131	$-4,774	+1.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gregory J McCann	President	22.00	Officer Director	$0	$0	$0
David Harrelson	Secretary	24.00	Officer Director	$0	$0	$0
AnnMichelle Hart	Foundation Mgr.	19.00	Director	$0	$0	$0
Nicole Cuthbertson	Treasurer	18.00	Officer Director	$0	$0	$0
Ron Walker	Trustee	18.00	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	$35,350	$47,481	$3,990	$-12,131
2023	$24,831	$29,605	$16,121	$-4,774
2022	$27,929	$8,567	$20,895	$19,362

Federal Way Public Market