Northwest Fair Contracting Association (EIN 911396515) - 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

1989

Legal Domicile

Principal Officer

Val Holstrom

Phone

5093271977

Tax Period

2023-11-01 to 2024-10-31

Northwest Fair Contracting Association, founded in 1989, is a small nonprofit that reported $295K in total revenue in fiscal year 2023.

Mission

To promote fairness in Washington State public works bidding and the awarding of projects by awarding agencies. To enhance and monitor compliance with prevailing wage laws pertaining to the construction industry within 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $280,643

Investment Income $12,757

Other Revenue $1,635

TOTAL REVENUE $295,035

Expense Breakdown

Grants Paid $0

Salaries & Benefits $258,052

Fundraising Expenses $0

Other Expenses $40,220

TOTAL EXPENSES $298,272

Year-over-Year Comparison

	2023	2022	Change
Revenue	$295,035	$291,149	+0.0%
Expenses	$298,272	$290,841	+0.0%
Net Income	$-3,237	$308	-11.5%

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

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

$137,768

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Val Holstrom	Chairman	0.80	Officer Director	$0	$0	$0
Rylan Grimes	Recording Secret / Treasur	0.80	Officer Director	$0	$0	$0
Russell Walker	Board member	0.80	Director	$0	$0	$0
Nick Lansdale	Board member thru October	0.80	Director	$0	$0	$0
Greg Gales	Board member	0.80	Director	$0	$0	$0
Mike Keith	Board member begin Nov	0.80	Director	$0	$0	$0
Michael Leininger	Director / Lead investigat	40.00	Officer	$90,946	$46,822	$137,768

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	$295,035	$298,272	$361,459	$-3,237
2023	$291,149	$290,841	$351,588	$308
2022	$236,407	$295,526	$354,248	$-59,119
2021	$272,717	$235,773	$413,838	$36,944
2020	$260,850	$175,393	$375,100	$85,457
2019	$250,380	$205,465	$289,757	$44,915

Northwest Fair Contracting Association