WETRAIN WASHINGTON

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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

EVAN WOODS

Phone

9788217700

Tax Period

2023-01-01 to 2023-12-31

WETRAIN WASHINGTON, founded in 2021, is a small nonprofit in the Employment sector that reported $293K in total revenue in fiscal year 2023. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $949K exceeded revenue, resulting in a 224% operating deficit.

Mission

TO PROVIDE HIGH QUALITY PROGRAMS AND SERVICES TO CURRENT AND FUTURE UFCW 3000 MEMBERS, UNION EMPLOYERS, AND COMMUNITY MEMBERS WITH THE GOAL OF PROMOTING JOB QUALITY, ECONOMIC SECURITY, WORKFORCE EQUITY AND CAREER PATHWAYS IN RETAIL GROCERY, HEALTHCARE, CANNABIS AND OTHER CRITICAL INDUSTIRES.

Program Service Accomplishments

Program 1

Expenses: $741,119 Revenue: $172,160

WETRAIN WASHINGTON SUPPORTS AND HELPS ADMINISTER THE SEATTLE PUGET SOUND MEATCUTTER APPRENTICESHIP PROGRAM, WASHINGTON'S LARGEST AND OLDEST MEAT CUTTING APPRENTICESHIP PROGRAM. THE TWO-YEAR...

WETRAIN WASHINGTON SUPPORTS AND HELPS ADMINISTER THE SEATTLE PUGET SOUND MEATCUTTER APPRENTICESHIP PROGRAM, WASHINGTON'S LARGEST AND OLDEST MEAT CUTTING APPRENTICESHIP PROGRAM. THE TWO-YEAR REGISTERED APPRENTICESHIP PROGRAM, OVERSEEN BY WASHINGTON L&I PROVIDES INDUSTRY KNOWLEDGE, SKILLS AND TECHNIQUES. THE PROGRAM IS A PARTNERSHIP BETWEEN UFCW LOCAL 3000 AND EMPLOYERS. APPRENTICES RECEIVE COLLEGE CREDITS FROM SOUTH SEATTLE COLLEGE AND A CERTIFICATE FROM THE STATE OF WASHINGTON UPON COMPLETION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $97,181

Program Service Revenue $172,160

Investment Income $23,498

Other Revenue $0

TOTAL REVENUE $292,839

Expense Breakdown

Grants Paid $0

Salaries & Benefits $568,220

Fundraising Expenses $61,695

Program Expenses $741,119

Other Expenses $381,230

TOTAL EXPENSES $949,450

Year-over-Year Comparison

	2023	2022	Change
Revenue	$292,839	$1,897,193	-0.8%
Expenses	$949,450	$694,529	+0.4%
Net Income	$-656,611	$1,202,664	-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

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

$147,295

Total Directors

$1,594

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EVAN WOODS	EXECUTIVE DIRECTOR	40.0	Officer	$128,380	$18,915	$147,295
SARAH LASLETT	TRAINING DIRECTOR	40.0	Highest	$106,322	$19,257	$125,579
DANIEL ALBANI	OPERATIONS DIRECTOR	40.0	Highest	$101,592	$18,918	$120,510
GLENN DAVIS	DIRECTOR	1.0	Director	$1,594	$0	$1,594
SEAN EMBLY	President	4.0	Director	$0	$0	$0
KRISTINA STORM	VICE PRES., SECRE. AND TREAS.	4.0	Director	$0	$0	$0
LYNNE DODSON	DIRECTOR	4.0	Director	$0	$0	$0
JEFF HOFSTADER	DIRECTOR	1.0	Director	$0	$0	$0
TAMMI BRADY	DIRECTOR	1.0	Director	$0	$0	$0
PETE LAMB	DIRECTOR	1.0	Director	$0	$0	$0
RIGO VALDEZ	DIRECTOR	1.0	Director	$0	$0	$0
TOM LAMBRO	DIRECTOR	1.0	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
2023	$292,839	$949,450	$824,919	$-656,611
2022	$1,897,193	$694,529	$1,473,534	$1,202,664
2021	$372,500	$110,246	$297,463	$262,254