SEATTLE PROF ENGINEERING EMPLOYEES ASSN DBA SOC OF PROF ENG EMPL IN AEROSPACE (EIN 910583387) - 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

1944

Legal Domicile

Principal Officer

John Dimas

Phone

2064330991

Tax Period

2024-04-01 to 2025-03-31

SEATTLE PROF ENGINEERING EMPLOYEES ASSN DBA SOC OF PROF ENG EMPL IN AEROSPACE, founded in 1944, is a mid-sized nonprofit that reported $13.9M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $13.1M left a modest 6% surplus.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS, AND OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZATION, NEGOTIATIONS, AND COLLECTIVE BARGAINING, THROUGH LEGAL AND ECONOMIC MEANS, AND OTHER LAWFUL METHODS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,061,438

Program Service Revenue $11,156,942

Investment Income $1,084,643

Other Revenue $576,243

TOTAL REVENUE $13,879,266

Expense Breakdown

Grants Paid $395,587

Salaries & Benefits $8,175,260

Fundraising Expenses $0

Other Expenses $4,504,291

TOTAL EXPENSES $13,075,138

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,879,266	$12,262,847	+0.1%
Expenses	$13,075,138	$12,081,293	+0.1%
Net Income	$804,128	$181,554	+3.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Plunkett	Contract Admin	51.00		$304,315	$70,239	$374,554
Matthew Kempf	Benefits Director	47.00		$252,834	$68,089	$320,923
Steve Spyridis	Contract Admin	59.00		$238,825	$67,326	$306,151
Raymond Goforth	Executive Director	46.00		$232,950	$62,885	$295,835
Pauline Tamblyn	Comptroller	45.00		$220,131	$61,018	$281,149
Kristi Cornejo	Program Admin	45.00		$215,342	$65,324	$280,666
John Dimas	President	8.00	Officer Director	$0	$0	$0
Dan Nowlin	Treasurer	12.00	Officer Director	$0	$0	$0
Ryan Rule	Secretary	10.00	Officer Director	$0	$0	$0
Christopher Steckfus	Vice President	5.00	Officer Director	$0	$0	$0
Michael Arrington	Vice President	5.00	Officer Director	$0	$0	$0
Jeffrey Forbes	Vice President	5.00	Officer Director	$0	$0	$0
David Garrett	Vice President	5.00	Officer 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	$13,879,266	$13,075,138	$26,730,550	$804,128
2024	$12,262,847	$12,081,293	$26,656,467	$181,554
2023	$11,439,073	$10,981,590	$25,716,086	$457,483
2022	$12,118,312	$10,403,668	$26,477,395	$1,714,644
2021	$10,742,992	$10,043,707	$21,951,865	$699,285
2020	$12,088,281	$11,944,204	$17,490,499	$144,077
2019	$12,032,513	$11,760,336	$18,735,694	$272,177

SEATTLE PROF ENGINEERING EMPLOYEES ASSN DBA SOC OF PROF ENG EMPL IN AEROSPACE