COMMUNITY BANKERS OF WASHINGTON

EIN: 911470641

KENT, WA

Total Revenue
$506,544
Total Expenses
$386,618
Total Assets
$642,982
Net Assets
$619,533
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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
WA
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

TO BE THE UNIFIED RESOURCE FOR WASHINGTON'S COMMUNITY BANKS.

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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 (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

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Governance

Voting Members
16
Independent Members
15
Employees
1
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
5
$121,313
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
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
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