WASHINGTON BANKERS ASSOCIATION (EIN 910459700) - 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

1970

Legal Domicile

Principal Officer

DUNCAN TAYLOR

Phone

2064471700

Tax Period

2025-01-01 to 2025-12-31

WASHINGTON BANKERS ASSOCIATION, founded in 1970, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2025. Revenue decreased 17% compared to the prior year. Expenses of $2.3M exceeded revenue, resulting in a 15% operating deficit.

Mission

THE WBA IS COMMITTED TO SUPPORTING AND ADVANCING THE BANKING INDUSTRY IN THE NORTHWEST AND BEYOND

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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 (2025)

Revenue Breakdown

Contributions & Grants $220,870

Program Service Revenue $1,796,134

Investment Income $10,450

Other Revenue $0

TOTAL REVENUE $2,027,454

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,340,593

Fundraising Expenses $0

Program Expenses $0

Other Expenses $996,841

TOTAL EXPENSES $2,337,434

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,027,454	$2,438,432	-0.2%
Expenses	$2,337,434	$2,380,515	0.0%
Net Income	$-309,980	$57,917	-6.4%

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

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

$836,811

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLEN SIMECEK	PRESIDENT & CEO	40	Officer	$411,308	$139,220	$550,528
DUNCAN TAYLOR	SENIOR VICE PRESIDENT	40	Officer	$195,485	$90,798	$286,283
MEGAN MANAGAN	DIRECTOR OF PUBLIC AFFAIRS	40	Highest	$140,103	$28,735	$168,838
KYLE HAYDEN	CONTROLLER	40	Highest	$135,110	$29,172	$164,282
SHERRY KRAINICK	DIRECTOR OF EDUCATION	40	Highest	$103,000	$26,113	$129,113
SUSAN HORTON	DIRECTOR	1	Director	$0	$0	$0
AUTUMN ROTH	DIRECTOR	1	Director	$0	$0	$0
RICK DARROW	DIRECTOR	1	Director	$0	$0	$0
MATT MULLET	DIRECTOR	1	Director	$0	$0	$0
GREG OAKES	DIRECTOR	1	Director	$0	$0	$0
CINDY PURCELL	DIRECTOR	1	Director	$0	$0	$0
LAURIE STEWART	DIRECTOR	1	Director	$0	$0	$0
DAVID SWARTLEY	DIRECTOR	1	Director	$0	$0	$0
BRENT BEARDALL	DIRECTOR	1	Director	$0	$0	$0
JAY COLEMAN	DIRECTOR	1	Director	$0	$0	$0
BRYAN MCDONALD	DIRECTOR	1	Director	$0	$0	$0
LISA HEFTER	DIRECTOR	1	Director	$0	$0	$0
CLAYTON DEHAAN	DIRECTOR	1	Director	$0	$0	$0
JOHN HEATH	DIRECTOR	1	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
2025	$2,027,454	$2,337,434	$5,517,304	$-309,980
2024	No data	No data	No data	No data
2023	$2,268,710	$2,115,149	$4,591,274	$153,561
2022	$1,457,261	$1,263,195	$3,914,960	$194,066
2022	$1,729,837	$1,659,635	$4,147,645	$70,202
2021	$1,784,967	$1,575,336	$4,667,816	$209,631
2018	$2,031,368	$2,184,698	$3,369,730	$-153,330

WASHINGTON BANKERS ASSOCIATION