Raze Development

EIN: 863604301 501(c)(3) Education

Spokane, WA

Total Revenue
$863,852
Total Expenses
$141,104
Total Assets
$2,255,633
Net Assets
$1,255,633
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
WA
Phone
5095873490
Tax Period
2024-01-01 to 2024-12-31

Raze Development, founded in 2021, is a small nonprofit in the Education sector that reported $864K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $723K, a strong 84% operating margin.

Mission

Raze Early Learning and Development Center demolishes the divisive and traumatic current narrative of the black student in education. Raze Early Learning and Development Center prioritizes family engagement and partnership by first acknowledging the parent as the cornerstone teacher. Secondly, by addressing Maslow's Hierarchy of needs-through community partnership and resources we ensure that our students are in optimal positions to reach their full potential. Through onsite culturally based mental and behavioral health supports we address the mental health disparities that students living in historically marginalized communities face. We provide culturally immersive, individualized curriculum and instruction that validates and affirms black culture. We employ culturally responsive teaching strategies that create psychologically safe environments, fosters understanding of differences, establishes self-worth and builds self-esteem, as well as create attainable high standards for our stu

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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 $863,661
Program Service Revenue $0
Investment Income $191
Other Revenue $0
TOTAL REVENUE $863,852

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,075
Fundraising Expenses $0
Program Expenses $132,110
Other Expenses $135,029
TOTAL EXPENSES $141,104

Year-over-Year Comparison

2024 2023 Change
Revenue $863,852 $697,186 +0.2%
Expenses $141,104 $207,671 -0.3%
Net Income $722,748 $489,515 +0.5%
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

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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
6
Independent Members
5
Employees
N/A
Volunteers
8

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
$6,075
Total Directors
6
$6,075
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kimberly Myles Secretary 0.50
Officer Director
$0 $6,075 $6,075
Kerra Bower President 20.00
Officer Director
$0 $0 $0
Stephanie Noble Beans Sr Vice President 0.50
Officer Director
$0 $0 $0
Vivian McGee Treasurer 0.50
Officer Director
$0 $0 $0
Stephaine Courtney Director 0.50
Director
$0 $0 $0
Walter Kendricks Chairman 0.50
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 $863,852 $141,104 $2,255,633 $722,748
2023 $697,186 $207,671 $1,371,979 $489,515
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