WASHINGTON EDUCATION ASSOCIATION RATE STABILIZATION RESERVE TRUST

EIN: 911612390

FEDERAL WAY, WA

Total Revenue
$14,390
Total Expenses
$140,430
Total Assets
$1,270,768
Net Assets
$1,270,768
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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
1992
Legal Domicile
WA
Principal Officer
DONNA WESLEY
Phone
2539416700
Tax Period
2023-10-01 to 2024-09-30

WASHINGTON EDUCATION ASSOCIATION RATE STABILIZATION RESERVE TRUST, founded in 1992, is a micro nonprofit that reported $14K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $140K exceeded revenue, resulting in a 876% operating deficit.

Mission

TO MANAGE EXPERIENCE SURPLUSES IN ORDER TO STABILIZE INSURANCE RATES FOR THE BENEFIT OF MEMBERS OF THE PARTICIPATING PLANS.

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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 $0
Investment Income $14,390
Other Revenue $0
TOTAL REVENUE $14,390

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $140,430
Other Expenses $140,430
TOTAL EXPENSES $140,430

Year-over-Year Comparison

2023 2022 Change
Revenue $14,390 $10,526 +0.4%
Expenses $140,430 $283,697 -0.5%
Net Income $-126,040 $-273,171 -0.5%
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
9
Independent Members
9
Employees
N/A
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
4
$1,409,590
Total Directors
8
$590,799
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANIE WHITE VICE PRESIDE 37.50
Officer Director
$172,637 $14,431 $264,864
LARRY DELANEY PRESIDENT-WE 37.50
Officer Director
$190,385 $19,429 $325,935
DANIEL HARADA TRUSTEE N/A
Director
$0 $0 $0
PAMELLA JOHNSON TRUSTEE N/A
Director
$0 $0 $0
SHAWNA MOORE TRUSTEE N/A
Director
$0 $0 $0
AUDRA SHAW TRUSTEE N/A
Director
$0 $0 $0
JEREMY SHAY TRUSTEE N/A
Director
$0 $0 $0
FILMA FONTANILLA TRUSTEE N/A
Director
$0 $0 $0
AIMEE IVERSON EXECUTIVE DI 37.50
Officer
$264,799 $153,111 $417,910
DONNA WESLEY CFO - WEA 37.50
Officer
$263,883 $136,998 $400,881
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 $14,390 $140,430 $1,270,768 $-126,040
2023 $10,526 $283,697 $1,367,276 $-273,171
2022 $499,068 $37,855,470 $1,744,108 $-37,356,402
2021 $750,239 $7,361,361 $39,857,694 $-6,611,122
2020 $949,655 $16,712,278 $46,834,872 $-15,762,623
2019 $9,623,021 $11,887,995 $62,643,545 $-2,264,974
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