WASHINGTON PUBLIC AFFAIRS NETWORK

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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

1993

Legal Domicile

Principal Officer

D RENEE SINCLAIR

Phone

3605295315

Tax Period

2023-01-01 to 2023-12-31

WASHINGTON PUBLIC AFFAIRS NETWORK, founded in 1993, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.8M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $4.4M left a modest 10% surplus.

Mission

TO PROVIDE UNFILTERED, UNBIASED, GAVEL-TO-GAVEL COVERAGE OF WASHINGTON STATE GOVERNMENT, ALONG WITH COMPLEMENTARY PROGRAMMING, TO PROMOTE A HEALTHY AND ROBUST PUBLIC DISCOURSE, INCREASE CIVIC ACCESS AND ENGAGEMENT, AND FOSTER AN INFORMED CITIZENRY.

Program Service Accomplishments

Program 1

Expenses: $3,372,902

PROVIDES, THROUGH CABLE TELEVISION AND ITS WEBSITE, THE CITIZENS OF THE STATE OF WASHINGTON WITH NON-PARTISAN TELEVISION COVERAGE OF STATE GOVERNMENT DELIBERATIONS AND PUBLIC POLICY EVENTS OF...

PROVIDES, THROUGH CABLE TELEVISION AND ITS WEBSITE, THE CITIZENS OF THE STATE OF WASHINGTON WITH NON-PARTISAN TELEVISION COVERAGE OF STATE GOVERNMENT DELIBERATIONS AND PUBLIC POLICY EVENTS OF STATEWIDE SIGNIFICANCE. SERVICES AS A VIDEO ARCHIVIST OF PUBLIC RECORD AND MAINTAINS AN EXTENSIVE PUBLICLY ACCESSIBLE ARCHIVE OF COVERAGE ON ITS WEBSITE.

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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 $4,588,675

Program Service Revenue $0

Investment Income $61,761

Other Revenue $198,165

TOTAL REVENUE $4,848,601

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,958,451

Fundraising Expenses $460,266

Program Expenses $3,372,902

Other Expenses $1,304,193

TOTAL EXPENSES $4,386,294

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,848,601	$4,248,648	+0.1%
Expenses	$4,386,294	$4,013,505	+0.1%
Net Income	$462,307	$235,143	+1.0%

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

$280,218

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
D RENEE SINCLAIR	PRESIDENT & CEO	40.00	Officer	$156,501	$16,471	$172,972
SCOTT FREEMAN	DIRECTOR - IT	40.00	Highest	$112,084	$13,542	$125,626
STEVEN BAY	VP - PROGRAMMING	40.00	Highest	$107,553	$19,578	$127,131
MARC GERCHAK	DIRECTOR - ENGINEERING	40.00	Highest	$102,786	$26,247	$129,033
BONNIE GERAY	FINANCIAL OFFICER	40.00	Officer	$102,129	$5,117	$107,246
MARTY BROWN	CHAIR	1.00	Officer Director	$0	$0	$0
JOE DACCA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BRIAHNA MURRAY	TREASURER	1.00	Officer Director	$0	$0	$0
CHRIS MULICK	SECRETARY	1.00	Officer Director	$0	$0	$0
KRAIG BAKER	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE BROWN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN CHAMPLAIN	DIRECTOR	1.00	Director	$0	$0	$0
DUANE DAVIDSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DUCHARME	DIRECTOR	1.00	Director	$0	$0	$0
DENNY ELIASON	DIRECTOR	1.00	Director	$0	$0	$0
KAREN FRASER	DIRECTOR	1.00	Director	$0	$0	$0
CARL GIPSON	DIRECTOR	1.00	Director	$0	$0	$0
ANN GOOS	DIRECTOR	1.00	Director	$0	$0	$0
ERICA HALLOCK	DIRECTOR	1.00	Director	$0	$0	$0
STEVE HOBBS	DIRECTOR	1.00	Director	$0	$0	$0
LYNN KESSLER	DIRECTOR	1.00	Director	$0	$0	$0
CARMEN MENDEZ	DIRECTOR	1.00	Director	$0	$0	$0
VICTOR MOORE	DIRECTOR	1.00	Director	$0	$0	$0
RALPH MUNRO	DIRECTOR	1.00	Director	$0	$0	$0
KARLA GRAUE PRATT	DIRECTOR	1.00	Director	$0	$0	$0
MARK RIKER	DIRECTOR	1.00	Director	$0	$0	$0
MARY THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
RHONDA WEAVER	DIRECTOR	1.00	Director	$0	$0	$0
LACIE WEST	DIRECTOR	1.00	Director	$0	$0	$0
SID MORRISON	DIRECTOR (UNTIL 12/2023)	1.00	Director	$0	$0	$0
CHRISTOPHER RANKIN	DIRECTOR (UNTIL 12/2023)	1.00	Director	$0	$0	$0
SAM REED	DIRECTOR (UNTIL 12/2023)	1.00	Director	$0	$0	$0
ANTONIO SANCHEZ	DIRECTOR (UNTIL 12/2023)	1.00	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	No data	No data	No data	No data
2023	$4,848,601	$4,386,294	$7,651,751	$462,307
2022	$4,248,648	$4,013,505	$6,009,085	$235,143
2021	$3,716,580	$3,740,265	$5,929,484	$-23,685
2020	$3,778,065	$4,177,758	$6,056,263	$-399,693
2019	$3,874,712	$4,112,574	$5,948,628	$-237,862
2018	$3,854,867	$3,963,836	$6,864,261	$-108,969