WASHINGTON STATE NURSES ASSOCIATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1908

Legal Domicile

Principal Officer

DAVID KEEPNEWS

Phone

2065757979

Tax Period

2023-10-01 to 2024-09-30

WASHINGTON STATE NURSES ASSOCIATION, founded in 1908, is a mid-sized nonprofit that reported $14.3M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $13.7M left a modest 4% surplus.

Mission

PROVIDES LEADERSHIP FOR THE NURSING PROFESSION AND PROMOTES QUALITY HEALTH CARE FOR CONSUMERS THROUGH EDUCATION, ADVOCACY AND INFLUENCING HEALTH CARE POLICY IN THE STATE OF WASHINGTON.

Program Service Accomplishments

Program 1

LABOR RELATIONS PROGRAM NEGOTIATES AND ADMINISTERS LABOR CONTRACTS FOR MEMBERS AND NON-MEMBER NURSES UNDER COLLECTIVE BARGAINING CONTRACT.

Program 2

PUBLIC RELATIONS AND PUBLICATION OF THE WASHINGTON NURSE FOR MEMBERS AND OTHER PUBLICATIONS OF SPECIAL INTEREST TO NURSES.

Program 3

NURSING PRACTICE AND EDUCATION PROGRAMS INTERPRET, PROMOTE, EVALUATE PROFESSIONAL STANDARDS, EDUCATION, AND RESEARCH. REVIEW COMPLAINTS AND PROBLEMS OF NURSING PRACTICE. PROMOTE CLINICAL SESSIONS AND...

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,845,697

Investment Income $134,331

Other Revenue $272,158

TOTAL REVENUE $14,252,186

Expense Breakdown

Grants Paid $19,335

Salaries & Benefits $10,664,606

Fundraising Expenses $0

Other Expenses $3,063,817

TOTAL EXPENSES $13,747,758

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,252,186	$11,971,811	+0.2%
Expenses	$13,747,758	$12,984,334	+0.1%
Net Income	$504,428	$-1,012,523	-1.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

400

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

$257,457

Total Directors

$2,820

Key Employees

$1,289,173

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN GILL	PRESIDENT	1.00	Officer	$6,542	$0	$6,542
JULIA BARCOTT	VICE PRESIDE	1.00	Officer	$3,981	$0	$3,981
MARTHA GOODALL	SECRETARY/TR	1.00	Officer	$0	$0	$0
EDNA CORTEZ	CHAIR	1.00	Director	$2,820	$0	$2,820
ERIN ALLISON	CHAIR	1.00	Director	$0	$0	$0
MIKEY ANNE O'SULLIVAN	CHAIR	1.00	Director	$0	$0	$0
NICOLE KLEIN	MEMBER	1.00	Director	$0	$0	$0
KELSEY GELLNER	MEMBER	1.00	Director	$0	$0	$0
HEATHER STEPHEN-SELBY	MEMBER	1.00	Director	$0	$0	$0
JOHN GUSTAFSON	MEMBER	1.00	Director	$0	$0	$0
ANITA DENNIS	MEMBER	1.00	Director	$0	$0	$0
DAVID KEEPNEWS	EXECUTIVE DI	40.00	Officer	$234,868	$12,066	$246,934
GLORIA BRIGHAM	DIR OF NURSI	40.00	Key Emp	$193,547	$9,771	$203,318
JAYSON DICK	DIRECTOR OF	40.00	Key Emp	$171,685	$8,328	$180,013
GERARD FRIESZ	DIR OF OPERA	40.00	Key Emp	$185,516	$9,403	$194,919
JEREMY RAUGHTON	IT DIRECTOR	40.00	Key Emp	$162,460	$7,612	$170,072
MARY REED	FMR DIR OF F	40.00		$165,096	$8,401	$173,497
MICHAEL SANDERSON	GENERAL COUN	40.00	Key Emp	$179,136	$8,937	$188,073
RUTH SCHUBERT	DIR OF MARKE	40.00	Key Emp	$163,498	$8,253	$171,751
KATHARINE WEISS	DIR OF GOV A	40.00	Key Emp	$172,374	$8,653	$181,027
PAMELA CHANDRAN	LABOR COUNSE	40.00	Highest	$153,535	$5,780	$159,315
BARBARA FRIESEN	NURSE REPRES	40.00	Highest	$175,174	$10,920	$186,094
CARMEN GARRISON	NURSE REPRES	40.00	Highest	$170,202	$10,920	$181,122
TIMOTHY SEARS	SENIOR COUNS	40.00	Highest	$207,388	$6,895	$214,283
EDWARD ZERCHER	NURSE REPRES	40.00	Highest	$153,505	$10,920	$164,425

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	$14,252,186	$13,747,758	$11,016,934	$504,428
2023	$11,971,811	$12,984,334	$11,063,171	$-1,012,523
2022	$10,811,588	$12,321,673	$10,238,426	$-1,510,085
2021	$11,116,527	$11,225,508	$11,583,424	$-108,981
2020	$11,100,317	$10,900,318	$11,630,426	$199,999
2019	$10,912,494	$10,306,919	$11,219,698	$605,575
2018	$10,549,049	$9,755,947	$10,728,629	$793,102