WA STATE CHIROPRACTIC ASSOCIATION (EIN 911511660) - 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

1990

Legal Domicile

Principal Officer

JEFF CURWEN CAE

Phone

2068686055

Tax Period

2024-01-01 to 2024-12-31

WA STATE CHIROPRACTIC ASSOCIATION, founded in 1990, is a small nonprofit that reported $801K in total revenue in fiscal year 2024.

Mission

PROFESSIONAL TRADE ASSOCIATION FOR CHIROPRACTORS

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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 $0

Program Service Revenue $729,019

Investment Income $50

Other Revenue $71,925

TOTAL REVENUE $800,994

Expense Breakdown

Grants Paid $0

Salaries & Benefits $398,380

Fundraising Expenses $0

Other Expenses $393,784

TOTAL EXPENSES $792,164

Year-over-Year Comparison

	2024	2023	Change
Revenue	$800,994	$766,741	+0.0%
Expenses	$792,164	$855,890	-0.1%
Net Income	$8,830	$-89,149	-1.1%

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

$215,228

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORI GRASSI	LEGISLATION	40.00	Officer	$128,228	$0	$128,228
JEFF CURWEN CAE	EXECUTIVE DI	40.00	Officer	$87,000	$0	$87,000
CHAD HURST DC	PAST PRESIDE	N/A	Director	$0	$0	$0
DAVID BUTTERS DC	LEGISLATVE D	N/A	Director	$0	$0	$0
DIANE M SHERWOOD-PALMER DC	DIST7 REPRES	N/A	Director	$0	$0	$0
DAVID STEMP DC	PRESIDENT	N/A	Director	$0	$0	$0
JOHN SIM DC	DIST1 REPRES	N/A	Director	$0	$0	$0
LUTHER CHAU DC	DIST6 REPRES	N/A	Director	$0	$0	$0
MARK JONES DC	DIST5 REPRES	N/A	Director	$0	$0	$0
PAUL REED DC	DIST3 REPRES	N/A	Director	$0	$0	$0
RANDY BAZE DC	DIST9 REPRES	N/A	Director	$0	$0	$0
ROBERT PERKES DC	PRESIDENT-EL	N/A	Director	$0	$0	$0
RON WILCOX DC	DIST10 REPRE	N/A	Director	$0	$0	$0
SARAH KOLTERMAN DC	DIST2 REPRES	N/A	Director	$0	$0	$0
THOMAS OVENELL DC	DIST8 REPRES	N/A	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
2024	$800,994	$792,164	$256,618	$8,830
2023	$766,741	$855,890	$247,900	$-89,149
2022	$682,061	$771,209	$336,927	$-89,148
2021	$958,175	$779,396	$322,137	$178,779
2021	$1,042,175	$779,396	$426,137	$262,779
2020	$703,826	$643,481	$164,721	$60,345
2020	$683,826	$643,481	$144,721	$40,345
2019	$732,274	$764,168	$102,955	$-31,894
2018	$702,562	$690,781	$134,856	$11,781

WA STATE CHIROPRACTIC ASSOCIATION