Washington Community Action Network Education & Research Fund (EIN 911259403) - 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

1983

Legal Domicile

Principal Officer

Mary Le Nguyen

Phone

2063890050

Tax Period

2024-01-01 to 2024-12-31

Washington Community Action Network Education & Research Fund, founded in 1983, is a small nonprofit that reported $620K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 77% operating deficit.

Mission

WCAN ERF supports community organizations that work to achieve racial, social and economic justice.

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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 $554,608

Program Service Revenue $40,200

Investment Income $14,510

Other Revenue $10,370

TOTAL REVENUE $619,688

Expense Breakdown

Grants Paid $775,000

Salaries & Benefits $40,352

Fundraising Expenses $113,623

Program Expenses $899,570

Other Expenses $282,534

TOTAL EXPENSES $1,097,886

Year-over-Year Comparison

	2024	2023	Change
Revenue	$619,688	$912,099	-0.3%
Expenses	$1,097,886	$914,722	+0.2%
Net Income	$-478,198	$-2,623	+181.3%

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

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

$194,261

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jack Johnson	Board President	2.00	Officer Director	$0	$0	$0
Deana Knutsen	Secretary/Treasurer	2.00	Officer Director	$0	$0	$0
Gina Owens	Board Member	1.00	Director	$0	$0	$0
Joselito Lopez	Board Member	1.00	Director	$0	$0	$0
Mary Le Nguyen	Executive Director	30.00	Officer	$0	$1,105	$111,658
Serena Evans-Satoran	Finance Director	5.00	Officer	$0	$9,050	$82,603

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	$619,688	$1,097,886	$3,527,886	$-478,198
2023	$912,099	$914,722	$4,049,911	$-2,623
2022	$1,439,829	$622,058	$3,997,012	$817,771
2021	$1,613,400	$550,890	$3,992,112	$1,062,510
2020	$1,120,404	$847,496	$2,958,671	$272,908

Washington Community Action Network Education & Research Fund