LAKE WASHINGTON EDUCATION ASSOCIATION (EIN 910820344) - 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

1966

Legal Domicile

Principal Officer

HOWARD MAWHINNEY

Phone

4258223388

Tax Period

2023-09-01 to 2024-08-31

LAKE WASHINGTON EDUCATION ASSOCIATION, founded in 1966, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.4M left a modest 6% surplus.

Mission

TO PROMOTE THE CAUSE OF PUBLIC EDUCATION ON BEHALF OF ITS 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 $0

Program Service Revenue $1,525,192

Investment Income $10,207

Other Revenue $328

TOTAL REVENUE $1,535,727

Expense Breakdown

Grants Paid $1,250

Salaries & Benefits $995,456

Fundraising Expenses $0

Other Expenses $441,546

TOTAL EXPENSES $1,438,252

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,535,727	$1,453,089	+0.1%
Expenses	$1,438,252	$1,505,331	0.0%
Net Income	$97,475	$-52,242	-2.9%

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

N/A

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

$357,306

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOWARD MAWHINNEY	PRESIDENT	40.00	Officer	$197,490	$0	$197,490
KATHRYN BADGER	VICE PRESIDE	40.00	Officer	$159,816	$0	$159,816
PATRICIA COOK	BOARD MEMBER	2.00	Director	$0	$0	$0
ROJINE RUDIO	BOARD MEMBER	2.00	Director	$0	$0	$0
MARTHA DAMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
SHINE MAY WOODCOCK	BOARD MEMBER	2.00	Director	$0	$0	$0
KARYN TAGGART	BOARD MEMBER	2.00	Director	$0	$0	$0
NIKOLE LALAS	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL FINLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
NANI LIUM	UNISERV REPR	37.50	Highest	$151,737	$82,418	$234,155
TERRI NEELY	UNISERV REPR	37.50	Highest	$114,608	$73,776	$188,384
COMPENSATION PAID AS REIMBURSEMENT	TO SCHOOL DI	N/A	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
2024	$1,535,727	$1,438,252	$1,930,408	$97,475
2023	$1,453,089	$1,505,331	$1,896,009	$-52,242
2022	$1,392,203	$1,268,258	$1,289,038	$123,945
2021	$1,373,402	$1,149,671	$1,118,238	$223,731
2020	$1,321,941	$1,210,961	$941,377	$110,980

LAKE WASHINGTON EDUCATION ASSOCIATION