Washington State Patrol Memorial F… - Form 990 Financial Data

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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

1982

Legal Domicile

Principal Officer

Neil Weaver

Phone

3605974411

Tax Period

2024-10-01 to 2025-09-30

Washington State Patrol Memorial Foundation, founded in 1982, is a small nonprofit that reported $639K in total revenue in fiscal year 2024. The organization ran a surplus of $195K, a strong 30% operating margin.

Mission

We, the Washington State Patrol Memorial Foundation, are entrusted to preserve the memory of Washington State Patrol fallen officers and to provide assistance to active and retired Washington State Patrol employees and their families in time of need.

Program Service Accomplishments

Program 1

Expenses: $199,264 Revenue: $590,561

The Washington State Patrol Memorial Foundation was founded in 1982 exclusively for charitable, educational, and benevolent purposes under section 501c3 of the Internal Revenue Code. The foundation provides financial assistance to Washington State Patrol employees who become disabled in the line of duty, to surviving spouses and children of fallen officers and employees who die in the line of duty, and for the families of employees impacted by catastrophic injury or illness. The foundation also has an education scholarship program for employees or dependent children.

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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 $393,390

Program Service Revenue $0

Investment Income $112,326

Other Revenue $133,425

TOTAL REVENUE $639,141

Expense Breakdown

Grants Paid $67,996

Salaries & Benefits $66,239

Fundraising Expenses $172,245

Program Expenses $199,264

Other Expenses $310,209

TOTAL EXPENSES $444,444

Year-over-Year Comparison

	2024	2023	Change
Revenue	$639,141	$607,662	+0.1%
Expenses	$444,444	$603,156	-0.3%
Net Income	$194,697	$4,506	+42.2%

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

$66,239

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Megan King	Executive Director/Manager	040.00	Officer	$66,239	$0	$66,239
Heather Davis	Vice-President	002.00	Officer Director	$0	$0	$0
Debbie Carter	Secretary	002.00	Officer Director	$0	$0	$0
Kelly Gregerson	President	002.00	Officer Director	$0	$0	$0
Briar Stanley	Director	002.00	Director	$0	$0	$0
Luke Visser	Director	002.00	Director	$0	$0	$0
Jonas Mast	Director	002.00	Director	$0	$0	$0
Kim Triplett-Kolerich	Director	002.00	Director	$0	$0	$0
Kate Lecount-Green	Director	002.00	Director	$0	$0	$0
Grant Hulteen	Director	002.00	Director	$0	$0	$0
Nick King	Director	002.00	Director	$0	$0	$0
Arel Solie	Director	002.00	Director	$0	$0	$0
Gina Miller	Director	002.00	Director	$0	$0	$0
Jeffrey Heath	Director	002.00	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	$639,141	$444,444	$2,267,857	$194,697
2024	$607,662	$603,156	$2,078,145	$4,506
2023	$453,308	$211,912	$1,808,360	$241,396
2022	$393,570	$286,382	$1,548,445	$107,188
2021	$383,486	$222,986	$1,711,905	$160,500
2020	$562,248	$274,350	$1,456,794	$287,898
2019	$362,975	$229,716	$1,263,823	$133,259
2018	$219,536	$159,373	$1,259,732	$60,163

Washington State Patrol Memorial Foundation