WASHINGTON STATE ASSOC OF BROADCASTERS

EIN: 910646014

SPOKANE, WA

Total Revenue
$246,773
Total Expenses
$486,399
Total Assets
$932,344
Net Assets
$932,344
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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
1935
Legal Domicile
WA
Principal Officer
KEITH SHIPMAN
Phone
3607050774
Tax Period
2023-01-01 to 2023-12-31

WASHINGTON STATE ASSOC OF BROADCASTERS, founded in 1935, is a small nonprofit that reported $247K in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $486K exceeded revenue, resulting in a 97% operating deficit.

Mission

ADVANCE INTERESTS OF THE BROADCAST INDUSTRY IN THE STATE OF WASHINGTON

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $222,661
Investment Income $24,112
Other Revenue $0
TOTAL REVENUE $246,773

Expense Breakdown

Grants Paid $35,145
Salaries & Benefits $246,943
Fundraising Expenses $0
Other Expenses $204,311
TOTAL EXPENSES $486,399

Year-over-Year Comparison

2023 2022 Change
Revenue $246,773 $583,881 -0.6%
Expenses $486,399 $464,631 +0.0%
Net Income $-239,626 $119,250 -3.0%
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

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Governance

Voting Members
15
Independent Members
15
Employees
2
Volunteers
18

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
4
$208,575
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW ADAMS CHAIRMAN 1.00
Officer Director
$0 $0 $0
PATRICK NEVIN VICE CHAIR 1.00
Officer Director
$0 $0 $0
GLENN A JOHNSON SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
ALINA BERRIZ MEMBER 1.00
Director
$0 $0 $0
NEAL BOLING MEMBER 1.00
Director
$0 $0 $0
CATHY CANGIANO MEMBER 1.00
Director
$0 $0 $0
CHAD CONKLIN MEMBER 1.00
Director
$0 $0 $0
TEDDIE GIBBON MEMBER 1.00
Director
$0 $0 $0
NIK KRASTINS MEMBER 1.00
Director
$0 $0 $0
CARYN MATHES MEMBER 1.00
Director
$0 $0 $0
RJ MERRITT MEMBER 1.00
Director
$0 $0 $0
KEVIN O'RORKE MEMBER 1.00
Director
$0 $0 $0
JOHN PAUL MEMBER 1.00
Director
$0 $0 $0
DAVID PRAGA MEMBER 1.00
Director
$0 $0 $0
HEIDI PERSSON MEMBER 1.00
Director
$0 $0 $0
KEITH SHIPMAN PRESIDENT/CEO 40.00
Officer
$157,123 $51,452 $208,575
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 $246,773 $486,399 $932,344 $-239,626
2022 $583,881 $464,631 $1,171,970 $119,250
2021 $583,429 $382,645 $1,052,720 $200,784
2020 $782,324 $498,015 $851,936 $284,309
2019 $565,076 $338,389 $567,627 $226,687
2018 $492,502 $352,589 $340,940 $139,913
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