COMMUNITY BANKERS OF WASHINGTON

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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

KATHY SWENSON

Phone

3607545138

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY BANKERS OF WASHINGTON, founded in 1989, is a small nonprofit that reported $507K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $120K, a strong 24% operating margin.

Mission

THE ORGANIZATION WAS FORMED TO PROVIDE THE ADVANCEMENT OF INDEPENDENT BANKS. THIS IS ACCOMPLISHED THROUGH PUBLIC RELATIONS, EDUCATION, AND ENHANCING ITS MEMBER COMMUNITY BANKS' SERVICE TO ITS CUSTOMERS. THE ORGANIZATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF ITS MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $310,588

ACTIVITIES AND PROGRAMS ARE FOR THE EXCLUSIVE BENEFITS OF THE MEMBERS. COMMUNITY BANKERS OF WASHINGTON REPRESENTS THE COMMUNITY BANKING INDUSTRY AT THE STATE'S LEGISLATURE PROVIDING LOBBYING AND...

ACTIVITIES AND PROGRAMS ARE FOR THE EXCLUSIVE BENEFITS OF THE MEMBERS. COMMUNITY BANKERS OF WASHINGTON REPRESENTS THE COMMUNITY BANKING INDUSTRY AT THE STATE'S LEGISLATURE PROVIDING LOBBYING AND MEDIA COMMUNICATIONS TO ENSURE THAT OUR INDUSTRY'S BUSINESS CONCERNS ARE HEARD. WE WORK HARD TO IMPROVE THE PROFITABILITY OF OUR COMMUNITY BANKING MEMBERS BY PROVIDING IMPROVED ACCESS TO HIGH-QUALITY PRODUCTS AND SERVICES, DISCOUNTED BY THE COMBINED PURCHASING POWER AFFORDED THROUGH MEMBERSHIP. FINALLY, THROUGH SEMINARS, WORKSHOPS, PUBLICATION, CONFERENCE CALLS, AND EMAILS, CBW PROVIDES UP-TO-DATE INFORMATION ABOUT CURRENT TRENDS AND PRACTICE IN THE COMMUNITY BANKING INDUSTRY. IN 2023, CBW HELD FOUR VIRTUAL CONFERENCES AND ONE LIVE EVENT WITH A COMBINED TOTAL OF 326 ATTENDEES.

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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 $394,003

Investment Income $15,609

Other Revenue $96,932

TOTAL REVENUE $506,544

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $129,882

Fundraising Expenses $0

Program Expenses $310,588

Other Expenses $251,736

TOTAL EXPENSES $386,618

Year-over-Year Comparison

	2023	2022	Change
Revenue	$506,544	$403,290	+0.3%
Expenses	$386,618	$422,980	-0.1%
Net Income	$119,926	$-19,690	-7.1%

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

N/A

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

$121,313

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEAN BRYDON	DIRECTOR	0.30	Director	$0	$0	$0
TONY GEORGE	CHAIRMAN	0.50	Officer Director	$0	$0	$0
DENISE PORTMANN	ICBA STATE DIRECTOR	0.50	Director	$0	$0	$0
RUSS KEITHLEY	DIRECTOR	0.30	Director	$0	$0	$0
SUSAN DUMONTET	DIRECTOR	0.30	Director	$0	$0	$0
DWAYNE ABERLE	DIRECTOR	0.30	Director	$0	$0	$0
JOLENE RIGGS	DIRECTOR	0.30	Director	$0	$0	$0
GREG DECKARD	DIRECTOR	0.30	Director	$0	$0	$0
DAN COX	DIRECTOR	0.30	Director	$0	$0	$0
MIKE WILSON	DIRECTOR	0.30	Director	$0	$0	$0
JOSH DECK	DIRECTOR	0.30	Director	$0	$0	$0
JOHN MANOLIDES	CHAIRMAN ELECT	0.50	Officer Director	$0	$0	$0
LEANNE ANTONIO	SECRETARY	0.50	Officer Director	$0	$0	$0
RICK DARROW	DIRECTOR	0.30	Director	$0	$0	$0
JIM ARNESON	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
NEIL ZICK	DIRECTOR	0.30	Director	$0	$0	$0
KATHY SWENSON	PRESIDENT/CEO	40.00	Officer	$100,000	$21,313	$121,313

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	No data	No data	No data	No data
2023	$506,544	$386,618	$642,982	$119,926
2022	$403,290	$422,980	$530,252	$-19,690
2021	$317,864	$270,243	$539,059	$47,621
2020	$275,107	$292,408	$486,093	$-17,301
2019	$402,955	$410,916	$500,587	$-7,961
2018	$429,408	$383,808	$501,438	$45,600