WILLIAM M FACTORY SMALL BUSINESS INCUBATOR

EIN: 911373010 501(c)(3) Community Improvement

Tacoma, WA

Total Revenue
$586,750
Total Expenses
$282,793
Total Assets
$3,397,335
Net Assets
$3,386,455
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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
1986
Legal Domicile
WA
Principal Officer
Tim Strege
Phone
2537225800
Tax Period
2024-07-01 to 2025-06-30

WILLIAM M FACTORY SMALL BUSINESS INCUBATOR, founded in 1986, is a small nonprofit in the Community Improvement sector that reported $587K in total revenue in fiscal year 2024. The organization ran a surplus of $304K, a strong 52% operating margin.

Mission

To promote economic revitalization through assistance to disadvantaged small business enterprises.

Program Service Accomplishments

Program 1
Expenses: $273,432 Revenue: $586,750

During the most recent fiscal year, the Incubator assisted over 300 entrepreneurs with workshops on business topics including finance, marketing, technology and industry networking. The Incubator...

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During the most recent fiscal year, the Incubator assisted over 300 entrepreneurs with workshops on business topics including finance, marketing, technology and industry networking. The Incubator also enrolled over 200 entrepreneurs for one-on-one counseling and provided mentors, business support referrals and other business resources. The Incubator and Tacoma Community College sponsored an Idea & Pitch Competition with 20 applicants that received training on presentation skills and preparation for venture investments. The Incubator also assisted with loan approvals and private investments for otherwise disadvantaged enterprises.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $216,103
Program Service Revenue $0
Investment Income $370,647
Other Revenue $0
TOTAL REVENUE $586,750

Expense Breakdown

Grants Paid $33,750
Salaries & Benefits $193,998
Fundraising Expenses $0
Program Expenses $273,432
Other Expenses $55,045
TOTAL EXPENSES $282,793

Year-over-Year Comparison

2024 2023 Change
Revenue $586,750 $556,954 +0.1%
Expenses $282,793 $253,718 +0.1%
Net Income $303,957 $303,236 +0.0%
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

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Governance

Voting Members
8
Independent Members
8
Employees
2
Volunteers
50

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
1
$85,670
Total Directors
8
$0
Key Employees
1
$85,670
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tim Strege Executive Director 40
Officer Key Emp Highest
$85,670 $0 $85,670
Dennis Joyce Chair, Board Director 1
Director
$0 $0 $0
Arti O'Brien Vice- Chair, Board Director 1
Director
$0 $0 $0
Chelsea Bjorkman Secretary/Treasurer, Board Director 1
Director
$0 $0 $0
Andrea Pace Board Director 1
Director
$0 $0 $0
Melissa Littleton Director 1
Director
$0 $0 $0
David Evans Director 1
Director
$0 $0 $0
Will Manzanares Director 1
Director
$0 $0 $0
Erika Bartlett Director 1
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 $586,750 $282,793 $3,397,335 $303,957
2024 $556,954 $253,718 $3,111,610 $303,236
2023 $441,325 $265,335 $2,794,167 $175,990
2022 $162,253 $256,859 $2,619,735 $-94,606
2021 $529,887 $220,118 $3,100,297 $309,769
2019 $184,918 $179,409 $2,757,839 $5,509
2018 $26,968 $190,107 $2,738,472 $-163,139
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