LAKE WASHINGTON COLLEGE FOUNDATION C/O LAKE WA INSTITUTE OF TECHNOLOGY (EIN 911182444) - 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

1949

Legal Domicile

Principal Officer

BILL SHELBY

Phone

4257398391

Tax Period

2023-01-01 to 2023-12-31

LAKE WASHINGTON COLLEGE FOUNDATION C/O LAKE WA INSTITUTE OF TECHNOLOGY, founded in 1949, is a community nonprofit in the Unknown sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $704K, a strong 44% operating margin.

Mission

PROVIDE LAKE WASHINGTON INSTITUTE OF TECHNOLOGY THE MARGIN OF SUPPORT NECESSARY TO ACHIEVE EDUCATIONAL EXCELLENCE AND TO EXPAND THE FINANCIAL BASIS FOR QUALITY THAT LIES BEYOND THE SCOPE OF LEGISLATIVE FUNDING THROUGH INDIVIDUAL, CORPORATE, AND COMMUNITY PARTNERSHIPS.

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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 $1,137,396

Program Service Revenue $8,000

Investment Income $472,232

Other Revenue $0

TOTAL REVENUE $1,617,628

Expense Breakdown

Grants Paid $561,153

Salaries & Benefits $0

Fundraising Expenses $7,431

Program Expenses $677,334

Other Expenses $352,299

TOTAL EXPENSES $913,452

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,617,628	$961,366	+0.7%
Expenses	$913,452	$752,229	+0.2%
Net Income	$704,176	$209,137	+2.4%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELISABETH SORENSEN	EXECUTIVE DIRECTOR	40.00	Officer Director	$0	$0	$0
BILL SHELBY	PRESIDENT	5.00	Officer Director	$0	$0	$0
DR DAN FROST	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GINA HAGGERTY	TREASURER	1.00	Officer Director	$0	$0	$0
WALT KRUEGER	SECRETARY	0.50	Officer Director	$0	$0	$0
DIANE TOOMEY	EVENTS CHAIR	0.50	Officer Director	$0	$0	$0
BRUCE RIVELAND	EX OFFICIO DIRECTOR	2.00	Director	$0	$0	$0
DARCY KIPNIS	EX OFFICIO DIRECTOR	2.00	Director	$0	$0	$0
AMY MORRISON	EX OFFICIO DIRECTOR	1.00	Director	$0	$0	$0
LAURA WILDFONG	TRUSTEE LIAISON	0.25	Director	$0	$0	$0
KEN BOYER	MEMBER	0.25	Director	$0	$0	$0
DIANE HAELSIG	MEMBER	0.25	Director	$0	$0	$0
KATHY KATZENBERGER	MEMBER	0.25	Director	$0	$0	$0
DARRYL LYTLE	MEMBER	0.25	Director	$0	$0	$0
NAZIE NABAIE	MEMBER	0.25	Director	$0	$0	$0
KRISTEN OVERLEESE	MEMBER	0.25	Director	$0	$0	$0
LANE SAVITCH	MEMBER	0.25	Director	$0	$0	$0
GAYLE SHIMOKURA	MEMBER	0.25	Director	$0	$0	$0
NOLAN KORESKI	MEMBER	0.25	Director	$0	$0	$0
JESSICA BECK	MEMBER	0.25	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	No data	No data	No data	No data
2023	$1,617,628	$913,452	$5,556,070	$704,176
2022	$961,366	$752,229	$4,586,150	$209,137
2021	$730,231	$761,695	$5,093,630	$-31,464
2020	$730,405	$617,780	$4,782,593	$112,625
2019	$1,400,880	$680,982	$4,379,734	$719,898
2018	$1,111,139	$649,990	$3,216,798	$461,149

LAKE WASHINGTON COLLEGE FOUNDATION C/O LAKE WA INSTITUTE OF TECHNOLOGY