CEMENT MASONS AND PLASTERERS TRAINING TRUST OF WASHINGTON

EIN: 911124729 501(c)(3) Employment

SEATTLE, WA

Total Revenue
$2,255,955
Total Expenses
$2,007,068
Total Assets
$6,095,972
Net Assets
$5,517,754
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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
1941
Legal Domicile
WA
Principal Officer
Eric Coffelt
Phone
2067629286
Tax Period
2023-09-01 to 2024-08-31

CEMENT MASONS AND PLASTERERS TRAINING TRUST OF WASHINGTON, founded in 1941, is a community nonprofit in the Employment sector that reported $2.3M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $2.0M left a modest 11% surplus.

Mission

TO PROVIDE EDUCATION AND TRAINING FOR PERSONS WHO ARE OR WILL BECOME CEMENT MASONS AND/OR PLASTERERS.

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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 $80,308
Program Service Revenue $2,084,336
Investment Income $85,560
Other Revenue $5,751
TOTAL REVENUE $2,255,955

Expense Breakdown

Grants Paid $446
Salaries & Benefits $1,390,451
Fundraising Expenses $0
Program Expenses $1,584,927
Other Expenses $616,171
TOTAL EXPENSES $2,007,068

Year-over-Year Comparison

2023 2022 Change
Revenue $2,255,955 $2,840,984 -0.2%
Expenses $2,007,068 $2,386,892 -0.2%
Net Income $248,887 $454,092 -0.5%
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
8
Independent Members
8
Employees
13
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
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL RAYMOND APPRENTICESHIP COORDINATOR 40.0
Highest
$107,441 $33,075 $140,516
LINDA RIGGS OFFICE MANAGER 40.0
Highest
$101,528 $34,054 $135,582
ERIC COFFELT CHAIRMAN 1.0
Officer Director
$0 $0 $0
ANDREW LEDBETTER SECRETARY 1.0
Officer Director
$0 $0 $0
EDWARD CASE TRUSTEE 1.0
Director
$0 $0 $0
JOHN SALINAS TRUSTEE 1.0
Director
$0 $0 $0
MICAH SILBERMAN TRUSTEE 1.0
Director
$0 $0 $0
MIKE WRIGHT TRUSTEE 1.0
Director
$0 $0 $0
LUKE STREET TRUSTEE 1.0
Director
$0 $0 $0
TRAVIS METZGER TRUSTEE 1.0
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 $2,255,955 $2,007,068 $6,095,972 $248,887
2023 $2,840,984 $2,386,892 $5,257,520 $454,092
2022 $2,152,152 $1,823,215 $4,722,859 $328,937
2021 $2,160,065 $1,658,384 $4,687,604 $501,681
2020 $1,881,676 $1,666,042 $4,026,510 $215,634
2019 $1,890,137 $1,424,755 $3,290,328 $465,382
2018 $1,715,439 $1,144,202 $2,727,980 $571,237
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