WASHINGTON ARMS COLLECTORS (EIN 911429195) - 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

1952

Legal Domicile

Principal Officer

KAREN JENNINGS

Phone

4252558410

Tax Period

2024-07-01 to 2025-06-30

WASHINGTON ARMS COLLECTORS, founded in 1952, is a small nonprofit that reported $239K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $393K exceeded revenue, resulting in a 65% operating deficit.

Mission

TO PROMOTE INTEREST IN THE COLLECTION, POSSESSION AND USE OF ARMS OF ALL TYPES, AND TO ADVOCATE FOR THE SAFE AND LEGAL USE OF FIREARMS TO THE GENERAL PUBLIC.

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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 $834

Program Service Revenue $140,159

Investment Income $5,109

Other Revenue $92,438

TOTAL REVENUE $238,540

Expense Breakdown

Grants Paid $0

Salaries & Benefits $150,114

Fundraising Expenses $0

Program Expenses $172,165

Other Expenses $243,377

TOTAL EXPENSES $393,491

Year-over-Year Comparison

	2024	2023	Change
Revenue	$238,540	$318,664	-0.3%
Expenses	$393,491	$496,779	-0.2%
Net Income	$-154,951	$-178,115	-0.1%

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

$6,985

Total Directors

$6,985

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN JENNINGS	PRESIDENT	1.50	Officer Director	$0	$0	$0
TIM LIVINGSTON	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
HOLLY HENSON	TREASURER	5.00	Officer Director	$6,985	$0	$6,985
RICHARD RIPLEY	DIRECTOR/SEC	3.30	Director	$0	$0	$0
RAY DOTSON	DIRECTOR	0.60	Director	$0	$0	$0
FORBES FREEBURG	DIRECTOR	1.20	Director	$0	$0	$0
JOHN HUBBARD	DIRECTOR	1.20	Director	$0	$0	$0
TANI IWASHITA	DIRECTOR	0.40	Director	$0	$0	$0
JAMES ROMNES	DIRECTOR	1.20	Director	$0	$0	$0
JIM WEAVER	DIRECTOR	1.20	Director	$0	$0	$0
TIM WEGNER	DIRECTOR	1.20	Director	$0	$0	$0
DAMIEN WONGWAI	DIRECTOR	0.40	Director	$0	$0	$0
DIANA PINTO	DIRECTOR	0.60	Director	$0	$0	$0
AL GERTH	DIRECTOR	1.20	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	$238,540	$393,491	$1,390,707	$-154,951
2024	$318,664	$496,779	$1,537,834	$-178,115
2023	$407,595	$596,272	$1,712,144	$-188,677
2022	$486,246	$653,957	$1,917,187	$-167,711
2021	$227,080	$410,954	$2,054,272	$-183,874
2020	$463,032	$761,858	$2,235,114	$-298,826
2019	$714,569	$969,304	$2,553,556	$-254,735
2018	$907,548	$927,169	$2,810,401	$-19,621

WASHINGTON ARMS COLLECTORS