LAKE WASHINGTON EDUCATION ASSOCIATION

EIN: 910820344

REDMOND, WA

Total Revenue
$1,535,727
Total Expenses
$1,438,252
Total Assets
$1,930,408
Net Assets
$1,133,616
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
WA
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.

Program Service Accomplishments

Program 1

TO PROVIDE PROGRAMS AND SERVICES TO MEMBER LOCAL ASSOCIATIONS THROUGH COORDINATED ACTIVITIES BETWEEN NATIONAL, STATE, AND LOCAL CONFIGURATIONS.

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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 $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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
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
2
$357,306
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
2
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
2025 No data No data No data No data
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
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