ASSOCIATION OF WASHINGTON CITIES EMPLOYEE BENEFIT TRUST (EIN 911338775) - 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

1970

Legal Domicile

Principal Officer

GLENN JOHNSON

Phone

3607534137

Tax Period

2024-01-01 to 2024-12-31

ASSOCIATION OF WASHINGTON CITIES EMPLOYEE BENEFIT TRUST, founded in 1970, is a major nonprofit that reported $299.5M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

SEE FORM 990, PART III, LINE 1.

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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 $0

Program Service Revenue $295,332,106

Investment Income $4,202,628

Other Revenue $0

TOTAL REVENUE $299,534,734

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $11,219,829

TOTAL EXPENSES $321,721,817

Year-over-Year Comparison

	2024	2023	Change
Revenue	$299,534,734	$273,341,258	+0.1%
Expenses	$321,721,817	$264,602,893	+0.2%
Net Income	$-22,187,083	$8,738,365	-3.5%

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

Total Directors

$13,680

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL SCHMIDT	CHAIR & NE REGION TRUSTEE	1.00	Officer Director	$0	$0	$0
JOSH PENNER	VICE CHAIR & AWC TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER JENSEN	SW REGION TRUSTEE	1.00	Director	$0	$0	$0
JULIE STRUCK	NW REGION TRUSTEE	1.00	Director	$0	$0	$11,280
JENNIFER GORSUCH	EBAC VICE CHAIR	1.00	Director	$0	$0	$0
EMILY SCHUH	EBAC CHAIR	1.00	Director	$0	$0	$0
WENDY WEIKER	AWC TRUSTEE	1.00	Director	$0	$0	$2,400
FRANCIS BENJAMIN	SE REGION TRUSTEE	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
2024	$299,534,734	$321,721,817	$141,318,273	$-22,187,083
2023	$273,341,258	$264,602,893	$150,629,045	$8,738,365
2022	$244,232,755	$241,437,641	$139,976,765	$2,795,114
2021	$232,341,718	$237,516,511	$141,417,747	$-5,174,793
2020	$225,909,094	$209,359,622	$137,952,803	$16,549,472
2019	$231,330,018	$234,461,998	$122,516,228	$-3,131,980
2018	$214,754,947	$199,509,459	$121,446,262	$15,245,488

ASSOCIATION OF WASHINGTON CITIES EMPLOYEE BENEFIT TRUST