LAKE STEVENS EDUCATION ASSOCIATION

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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

1972

Legal Domicile

Principal Officer

AUTUMN MORRISON

Phone

4253353841

Tax Period

2024-09-01 to 2025-08-31

LAKE STEVENS EDUCATION ASSOCIATION, founded in 1972, is a small nonprofit that reported $373K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

TO ADVANCE THE INTEREST OF THE PROFESSION OF TEACHING, TO BARGAIN COLLECTIVELY, AND TO PROMOTE THE CAUSE OF EDUCATION IN THE LAKE STEVENS SCHOOL DISTRICT.

Program Service Accomplishments

Program 1

Expenses: $372,008 Revenue: $372,170

THE ASSOCIATION IMPROVES THE QUALITY OF EDUCATION FOR APPROXIMATELY 9,400 STUDENTS AND IMPROVES THE WORKING CONDITIONS FOR APPROXIMATELY 600 TEACHERS IN THE LAKE STEVENS SCHOOL DISTRICT.

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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 $372,170

Program Service Revenue $0

Investment Income $517

Other Revenue $0

TOTAL REVENUE $372,687

Expense Breakdown

Grants Paid $0

Salaries & Benefits $194,190

Fundraising Expenses $0

Program Expenses $372,008

Other Expenses $177,818

TOTAL EXPENSES $372,008

Year-over-Year Comparison

	2024	2023	Change
Revenue	$372,687	$344,851	+0.1%
Expenses	$372,008	$357,714	+0.0%
Net Income	$679	$-12,863	-1.1%

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

$188,601

Total Directors

$2,377

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARLIN HORRER	MIDDLE SCHOOL DIRECTOR	0.50	Director	$723	$0	$723
TAMI ARNSBARGER	SPED DIRECTOR	0.50	Director	$0	$0	$0
KELSI FISKE	ELEMENTARY DIRECTOR	0.50	Director	$0	$0	$0
ANGELA KENDALL	ELEMENTARY DIRECTOR	0.50	Director	$0	$0	$0
ANGELA KENDALL	SECONDARY DIRECTOR	0.50	Director	$1,654	$0	$1,654
NATALIE COBLE	SECRETARY	2.00	Officer	$0	$0	$0
AUTUMN MORRISON	PRESIDENT	40.00	Officer	$5,000	$183,601	$188,601
DEBORAH SPEIRS	VICE-PRESIDENT	4.00	Officer	$0	$0	$0
VACANT	TREASURER	0.00	Officer	$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	$372,687	$372,008	$359,358	$679
2024	$344,851	$357,714	$255,570	$-12,863
2023	$351,338	$341,536	$268,014	$9,802
2022	$334,085	$301,565	$255,059	$32,520
2021	$332,772	$313,843	$220,829	$18,929
2020	$356,211	$304,386	$202,565	$51,825
2019	$312,518	$286,890	$111,590	$25,628