FOUNDATION FOR PRIVATE ENTERPRISE

EIN: 911048245 501(c)(3)

RENTON, WA

Total Revenue
$387,087
Total Expenses
$374,352
Total Assets
$556,595
Net Assets
$516,481
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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
1976
Legal Domicile
WA
Principal Officer
NICK QUINLAN
Phone
2532373545
Tax Period
2023-01-01 to 2023-12-31

FOUNDATION FOR PRIVATE ENTERPRISE, founded in 1976, is a small nonprofit that reported $387K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $374K left a modest 3% surplus.

Mission

WASHINGTON BUSINESS WEEK TEACHES HIGH SCHOOL STUDENTS CAREER SKILLS.

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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 $225,701
Program Service Revenue $160,867
Investment Income $519
Other Revenue $0
TOTAL REVENUE $387,087

Expense Breakdown

Grants Paid $0
Salaries & Benefits $165,287
Fundraising Expenses $29,164
Program Expenses $308,804
Other Expenses $209,065
TOTAL EXPENSES $374,352

Year-over-Year Comparison

2023 2022 Change
Revenue $387,087 $341,784 +0.1%
Expenses $374,352 $377,679 0.0%
Net Income $12,735 $-35,895 -1.4%
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

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Governance

Voting Members
12
Independent Members
12
Employees
2
Volunteers
109

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
$90,272
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
IAN FARRELL PRESIDENT 3.00
Officer Director
$0 $0 $0
FRED FOOSE TREASURER 2.00
Officer Director
$0 $0 $0
DENISE MITCHELL SECRETARY 1.00
Officer Director
$0 $0 $0
PRITHVI ADDEPALLI BOARD MEMBER 1.00
Director
$0 $0 $0
BRITTANYA BRYANT BOARD MEMBER 1.00
Director
$0 $0 $0
RAEGAN BERRY BOARD MEMBER 1.00
Director
$0 $0 $0
DR JEFF WOLFF-GEE BOARD MEMBER 2.00
Director
$0 $0 $0
THOMAS GILL BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF MALLULA BOARD MEMBER 1.00
Director
$0 $0 $0
JESSICA MOLENAAR BOARD MEMBER 1.00
Director
$0 $0 $0
ALYSSA NORWOOD BOARD MEMBER 2.00
Director
$0 $0 $0
MICHAELA WESSELMAN BOARD MEMBER 2.00
Director
$0 $0 $0
GENA L POST EXECUTIVE DIRECTOR 40.00
Officer
$80,000 $10,272 $90,272
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 $387,087 $374,352 $556,595 $12,735
2022 $341,784 $377,679 $535,452 $-35,895
2021 $350,515 $329,738 $551,873 $20,777
2020 $265,351 $389,753 $533,583 $-124,402
2019 $756,325 $604,073 $673,950 $152,252
2018 $608,761 $511,646 $546,435 $97,115
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