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

The Incubator promotes community revitalization through the startup and expansion of small business enterprises, particularly for underrepresented entrepreneurs.

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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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