EXPORT FINANCE ASSISTANCE CENTER O… - 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

1984

Legal Domicile

Principal Officer

ZARA CASTILLO

Phone

2062566115

Tax Period

2024-07-01 to 2025-06-30

EXPORT FINANCE ASSISTANCE CENTER OF WA, founded in 1984, is a small nonprofit that reported $782K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $695K left a modest 11% surplus.

Mission

PROVIDE EXPORT FINANCE COUNSELING ASSISTANCE TO SMALL AND MID-SIZED WASHINGTON STATE EXPORTERS AND PROSPECTIVE EXPORTERS.

Program Service Accomplishments

Program 1

Expenses: $124,806 Revenue: $162,146

PROVIDE ONGOING CONSULTING SERVICES ON EVERY ASPECT OF EXPORT FINANCE FOR WASHINGTON STATE EXPORTERS, INCLUDING HELPING TO QUALIFY FOREIGN BUYERS AND HELPING TO NEGOTIATE CONTRACTS WITH BUYERS.

Program 2

Expenses: $41,982

CONDUCT EXPORT FINANCE SEMINARS SINGLY AND IN PARTNERSHIP WITH FEDERAL, STATE AND LOCAL INTERNATIONAL TRADE DEVELOPMENT ORGANIZATIONS AND FINANCIAL INSTITUTIONS, INCLUDING THE EX-IM BANK WORKING...

CONDUCT EXPORT FINANCE SEMINARS SINGLY AND IN PARTNERSHIP WITH FEDERAL, STATE AND LOCAL INTERNATIONAL TRADE DEVELOPMENT ORGANIZATIONS AND FINANCIAL INSTITUTIONS, INCLUDING THE EX-IM BANK WORKING CAPITAL GUARANTEE PROGRAMS, THE MEDIUM-TERM GUARANTEE PROGRAM AND EXPORT CREDIT INSURANCE.

Program 3

Expenses: $496,601 Revenue: $565,907

MANAGE INTERNATIONAL TRADE SHOW ACTIVITY ON BEHALF OF WASHINGTON STATE DEPARTMENT OF COMMERCE.

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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 $51,000

Program Service Revenue $728,053

Investment Income $2,920

Other Revenue $0

TOTAL REVENUE $781,973

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,952

Fundraising Expenses $0

Program Expenses $663,389

Other Expenses $589,202

TOTAL EXPENSES $695,154

Year-over-Year Comparison

	2024	2023	Change
Revenue	$781,973	$839,288	-0.1%
Expenses	$695,154	$851,250	-0.2%
Net Income	$86,819	$-11,962	-8.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM RASMUSSEN	BOARD CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHRISTIE SKOORSMITH	TREASURER	1.00	Officer Director	$0	$0	$0
KIMBERLY PEARSON	DIRECTOR	1.00	Director	$0	$0	$0
ISABELLE DEWULF	DIRECTOR	1.00	Director	$0	$0	$0
VERONIA HAND	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH TIMMONS	DIRECTOR	1.00	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	$781,973	$695,154	$379,676	$86,819
2024	No data	No data	No data	No data
2023	$883,758	$804,789	$304,819	$78,969
2022	$514,672	$311,977	$699,869	$202,695
2021	$333,013	$255,921	$497,879	$77,092
2020	$599,918	$661,378	$421,620	$-61,460
2019	$797,294	$903,761	$352,061	$-106,467

EXPORT FINANCE ASSISTANCE CENTER OF WA