WASHINGTON FOOD INDUSTRY ASSOCIATI… - Form 990 Financial Data

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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

1899

Legal Domicile

Principal Officer

TAMMIE HETRICK

Phone

3607535177

Tax Period

2023-10-01 to 2024-09-30

WASHINGTON FOOD INDUSTRY ASSOCIATION, founded in 1899, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.1M left a modest 7% surplus.

Mission

WASHINGTON FOOD INDUSTRY ASSOCIATION (WIFA) IS THE ONLY STATE-BASED ORGANIZATION DEDICATED TO PROMOTION AND PROTECTION OF THE GROCERY INDUSTRY SINCE OUR FOUNDING IN 1899. WIFA IS COMPOSED OF INDEPENDENT RETAILERS, MEANING PRIVATELY OWNED OR CONTROLLED FOOD RETAIL COMPANIES OPERATING IN A VARIETY OF FORMATS, AND THE MANY WHOLESALE DISTRIBUTORS, FOOD VENDORS/MANUFACTURERS AND SERVICE SUPPLIERS WHO SUPPORT AND WORK WITH THEIR RETAILERS. INDEPENDENTS ARE THE TRUE "ENTREPRENEURS" OF THE GROCERY INDUSTRY AND ARE DEDICATED TO THEIR CUSTOMERS, ASSOCIATES, AND NEIGHBORS, AND ARE OFTEN THE HEARTS OF THEIR COMMUNITIES. WFIA STRIVES TO PROTECT AND PROMOTE INDEPENDENTS AND THEIR SUPPLIERS THROUGH PROGRAMS THAT SAVE MONEY IN RETROSPECTIVE RATING AND REDUCES EXCESSIVE BURDENS OR BARRIERS FOR EMPLOYERS BY WORKING WITH STATE LEGISLATURE AND LOCAL GOVERNMENTS.

Program Service Accomplishments

Program 1

FOR 125 YEARS, WFIA HAS SUPPORTED AND PROTECTED THE INDEPENDENT GROCERS' OPPORTUNITIES FOR OUR MEMBERS TO CONNECT WITH EACH OTHER AND THEIR LEGISLATORS. IT IS OUR HOPE THAT THIS LEGACY CONTINUES AS WE GROW AS AN ASSOCIATION AND FIND CREATIVE WAYS TO BETTER SERVE OUR MEMBERS IN THIS COMING YEAR. THE WASHINGTON FOOD INDUSTRY ASSOCIATION REPRESENTS 553 FOOD AND BEVERAGE RETAIL, WHOLESALE, MANUFACTURERS AND ASSOCIATE MEMBERS WHO WORK TOGETHER THROUGH LEGISLATIVE ACTION TO ASSURE THAT EVERY LEVEL OF THE FOOD AND BEVERAGE INDUSTRY IS ABLE TO OPERATE AT A PROFIT WITHOUT UNDUE GOVERNMENT INTERFERENCE. IN ADDITION, WE FOSTER RELATIONSHIP BUILDING BETWEEN RETAILERS AND SUPPLIERS TO BRING NEW AND EXCITING PRODUCTS TO MARKET. WFIA CREATED AFFILIATE RELATIONSHIPS WITH WASHINGTON NEIGHBORHOOD STORES, WASHINGTON WINERY INSTITUTE, AND WASHINGTON BREWERS GUILD TO ALLOW THEIR MEMBERS TO BECOME MEMBERS OF WFIA AND UTILIZE OFFERED ENHANCED SERVICES. FINALLY, WFIA FOCUSES ON SAVING MEMBERS MONEY THROUGH REDUCING THE COST OF DOING BUSINESS IN WORKERS' COMPENSATION AND EDUCATION IN COMPLIANCE WITH FEDERAL AND STATE LAWS. THE WORKERS' COMPENSATION RETROSPECTIVE PROGRAM RETURNED 5.8 MILLION DOLLARS TO PARTICIPATING MEMBERS.

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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 $40,000

Program Service Revenue $1,097,180

Investment Income $32,650

Other Revenue $3,027

TOTAL REVENUE $1,172,857

Expense Breakdown

Grants Paid $0

Salaries & Benefits $470,705

Fundraising Expenses $0

Other Expenses $619,106

TOTAL EXPENSES $1,089,811

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,172,857	$1,156,776	+0.0%
Expenses	$1,089,811	$975,991	+0.1%
Net Income	$83,046	$180,785	-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

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

$212,389

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE MONTEMAYOR	CHAIR	1.00	Officer Director	$0	$0	$0
RAY SPRINKLE	FIRST VICE CHAIR	1.00	Officer Director	$0	$0	$0
CRAIG GAYLORD	VICE CHAIR FINANCE	1.00	Officer Director	$0	$0	$0
RON MEGAHAN	VICE CHAIR GOVERNMENT AFFAIRS	1.00	Officer Director	$0	$0	$0
TYLER MYERS	VICE CHAIR EDUCATIONAL FOUNDATION	1.00	Officer Director	$0	$0	$0
LARRY BAKER	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
NICHOLAS AKINS	DIRECTOR	1.00	Director	$0	$0	$0
DAN ALSAKER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE BAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS BROWN	DIRECTOR	1.00	Director	$0	$0	$0
LORI BROWN	DIRECTOR	1.00	Director	$0	$0	$0
KAREN CONONETZ	DIRECTOR	1.00	Director	$0	$0	$0
JIM HENDRICKSON	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
PAM HIETALATI	DIRECTOR	1.00	Director	$0	$0	$0
STUART HOLMES	DIRECTOR	1.00	Director	$0	$0	$0
RICK JENSEN	DIRECTOR	1.00	Director	$0	$0	$0
PAUL KAPIOSKI	DIRECTOR	1.00	Director	$0	$0	$0
MIKE KURTZ	DIRECTOR	1.00	Director	$0	$0	$0
ANDRA MOBLEY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MORROW	DIRECTOR	1.00	Director	$0	$0	$0
JEFF ONEAL	DIRECTOR	1.00	Director	$0	$0	$0
MIKE PALELEK	DIRECTOR	1.00	Director	$0	$0	$0
CLIFF RIGSBEE	DIRECTOR	1.00	Director	$0	$0	$0
GREG SAAR	DIRECTOR	1.00	Director	$0	$0	$0
JEFF SMALL	DIRECTOR	1.00	Director	$0	$0	$0
PHIL BLACKBURN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE NELLIS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WILLIS	DIRECTOR	1.00	Director	$0	$0	$0
TAMMIE HETRICK	PRESIDENT & CEO, SECRETARY	40.00	Officer	$199,377	$13,012	$212,389
KATIE BEESON	DIRECTOR OF GOVERNMENT AFFAIRS	40.00	Highest	$100,351	$13,012	$113,363

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	No data	No data	No data	No data
2024	$1,172,857	$1,089,811	$6,433,125	$83,046
2023	$1,156,776	$975,991	$7,654,435	$180,785
2023	No data	No data	No data	No data
2022	$821,387	$1,228,338	$6,160,025	$-406,951
2021	$1,255,263	$938,352	$6,661,543	$316,911
2020	$971,696	$865,040	$5,975,163	$106,656
2019	$962,644	$767,463	$6,878,349	$195,181
2018	$788,686	$691,796	$5,291,382	$96,890

WASHINGTON FOOD INDUSTRY ASSOCIATION