WASHINGTON STATE NURSES FOUNDATION (EIN 911233256) - 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

1982

Legal Domicile

Principal Officer

DAVID KEEPNEWS

Phone

2065757979

Tax Period

2023-10-01 to 2024-09-30

WASHINGTON STATE NURSES FOUNDATION, founded in 1982, is a micro nonprofit that reported $71K in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. Net assets of $321K represent 54 months of operating reserves.

Mission

TO ACQUIRE AND DEVELOP FUNDS FOR CLINICAL, LITERARY, SCIENTIFIC AND EDUCATIONAL ADVANCEMENT OF THE NURSING PROFESSION. FUNDS ARE USED TO SUPPORT PROJECTS AND ACTIVITIES THAT PROMOTE NURSING AND ITS ROLE IN THE HEALTH CARE COMMUNITY.

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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 $63,259

Program Service Revenue $0

Investment Income $7,621

Other Revenue $28

TOTAL REVENUE $70,908

Expense Breakdown

Grants Paid $66,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $66,000

Other Expenses $4,579

TOTAL EXPENSES $70,579

Year-over-Year Comparison

	2023	2022	Change
Revenue	$70,908	$48,739	+0.5%
Expenses	$70,579	$49,082	+0.4%
Net Income	$329	$-343	-2.0%

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

$246,934

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER GRAVES	PRESIDENT	1.00	Officer	$0	$0	$0
HEATHER STEPHENS-SELBY	VICE PRESIDE	1.00	Officer	$0	$0	$0
MARTHA GOODALL	TREASURER	1.00	Officer	$0	$0	$0
JULIA BARCOTT	TRUSTEE	1.00	Director	$0	$0	$0
ROSA YOUNG	TRUSTEE	1.00	Director	$0	$0	$0
JUSTIN GILL	TRUSTEE	1.00	Director	$0	$0	$0
LYNNETTE VEHRS	WSNA PRESIDE	1.00	Officer	$0	$0	$0
DAVID KEEPNEWS	EXEC. DIR OF	1.00	Officer	$0	$12,066	$246,934

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	$70,908	$70,579	$321,195	$329
2023	$48,739	$49,082	$281,109	$-343
2022	$29,112	$43,519	$266,052	$-14,407
2021	$134,179	$74,988	$306,971	$59,191
2020	$40,009	$49,895	$227,429	$-9,886
2019	$112,116	$27,903	$235,147	$84,213
2018	$15,527	$22,989	$141,700	$-7,462

WASHINGTON STATE NURSES FOUNDATION