LEGAL FOUNDATION OF WASHINGTON

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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

CAITLIN W DAVIS

Phone

2066242536

Tax Period

2024-01-01 to 2024-12-31

LEGAL FOUNDATION OF WASHINGTON, founded in 1984, is a mid-sized nonprofit in the Crime & Legal sector that reported $55.4M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $45.5M, a strong 82% operating margin.

Mission

EQUAL JUSTICE FOR LOW INCOME PEOPLE.

Program Service Accomplishments

Program 1

Expenses: $8,549,057 Revenue: $887,443

THE ORGANIZATION PROVIDED GRANTS TO PROGRAMS THAT ARE COMMITTED TO PROVIDING EQUAL ACCESS TO THE CIVIL JUSTICE SYSTEM FOR THE POOR IN WASHINGTON STATE.

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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 $50,819,212

Program Service Revenue $0

Investment Income $3,739,561

Other Revenue $795,212

TOTAL REVENUE $55,353,985

Expense Breakdown

Grants Paid $7,176,682

Salaries & Benefits $1,256,091

Fundraising Expenses $516,730

Program Expenses $8,549,057

Other Expenses $1,415,209

TOTAL EXPENSES $9,847,982

Year-over-Year Comparison

	2024	2023	Change
Revenue	$55,353,985	$46,770,626	+0.2%
Expenses	$9,847,982	$31,559,184	-0.7%
Net Income	$45,506,003	$15,211,442	+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

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

$202,935

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULI FARRIS	PRESIDENT	3.00	Officer Director	$0	$0	$0
JOANNA PLICHTA BOISEN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
GARY MELONSON	TREASURER	2.00	Officer Director	$0	$0	$0
ANTHONY POWERS	SECRETARY	2.00	Officer Director	$0	$0	$0
SEAN DAVIS	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
CANDELARIA MURILLO	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM PICKETT	TRUSTEE	1.00	Director	$0	$0	$0
KRISTIN FERRERA	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL PONTAROLO	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL SPRANGERS	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER BERESKIN-SEAMONSTER	TRUSTEE	1.00	Director	$0	$0	$0
CAITLIN DAVIS	EXECUTIVE DIRECTOR	40.00	Officer	$180,872	$22,063	$202,935
ANNIE RAMIREZ	ENDOWMENT DIRECTOR	8.00	Highest	$161,150	$14,305	$175,455
KRISTIN PARKER	DIRECTOR OF OPERATIONS	40.00	Highest	$107,954	$17,705	$125,659
ALEXANDRA DEAS	ANNUAL CAMPAIGN DIRECTOR	40.00	Highest	$104,184	$17,480	$121,664

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	$55,353,985	$9,847,982	$99,564,152	$45,506,003
2023	$46,770,626	$31,559,184	$62,808,379	$15,211,442
2022	$17,401,527	$5,249,337	$28,574,544	$12,152,190
2021	$34,718,283	$45,164,208	$28,307,735	$-10,445,925
2020	$56,348,931	$54,450,251	$29,645,984	$1,898,680
2019	$19,708,394	$11,903,007	$25,482,639	$7,805,387
2018	$11,095,551	$10,574,521	$17,265,205	$521,030