CRAFT3 (EIN 911662698) - 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

1994

Legal Domicile

Principal Officer

BRUCE BROOKS

Phone

8882312170

Tax Period

2023-01-01 to 2023-12-31

CRAFT3, founded in 1994, is a mid-sized nonprofit in the Community Improvement sector that reported $32.1M in total revenue in fiscal year 2023. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.4M, a strong 36% operating margin.

Mission

TO BUILD A THRIVING, JUST AND EMPOWERED PACIFIC NORTHWEST USING CAPITAL, RELATIONSHIPS AND VOICE.

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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 $19,354,025

Program Service Revenue $10,940,089

Investment Income $1,766,050

Other Revenue $0

TOTAL REVENUE $32,060,164

Expense Breakdown

Grants Paid $270,253

Salaries & Benefits $11,834,538

Fundraising Expenses $453,319

Program Expenses $16,419,848

Other Expenses $8,515,968

TOTAL EXPENSES $20,620,759

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,060,164	$19,219,259	+0.7%
Expenses	$20,620,759	$15,992,790	+0.3%
Net Income	$11,439,405	$3,226,469	+2.5%

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

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

$1,525,469

Total Directors

Key Employees

$352,872

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL BENOIT	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
JO ANN KAUFFMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
RONALD GRZYWINSKI	BOARD MEMBER	2.00	Director	$0	$0	$0
ALEXA KELLY	BOARD MEMBER	2.00	Director	$0	$0	$0
ALAN OKAGAKI	BOARD MEMBER	2.00	Director	$0	$0	$0
STAN AMY	BOARD MEMBER	2.00	Director	$0	$0	$0
WALT KRUMBHOLZ	BOARD MEMBER	2.00	Director	$0	$0	$0
SHIVON BRITE	BOARD MEMBER	2.00	Director	$0	$0	$0
MARY HOUGHTON	BOARD MEMBER	2.00	Director	$0	$0	$0
LINDA NETTKOVEN	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDREA CAUPAIN SANDERSON	BOARD MEMBER	2.00	Director	$0	$0	$0
LEE WINSLETT	BOARD MEMBER	2.00	Director	$0	$0	$0
ADAM ZIMMERMAN	CHIEF EXECUTIVE OFFICER	40.00	Officer	$301,065	$24,311	$325,376
BRUCE BROOKS	PRESIDENT	40.00	Officer	$218,814	$31,950	$250,764
RONALENE MONTEITH	CHIEF CREDIT OFFICER, EVP	40.00	Officer	$175,002	$30,103	$205,105
MARK STEVENSON	NEW MARKETS TAX CREDIT DIRECTOR, EVP	40.00	Officer	$163,438	$36,225	$199,663
JANE REPENSEK	CHIEF FINANCIAL OFFICER, EVP	40.00	Officer	$147,160	$5,283	$152,443
SONYA LYNN	CHIEF OPERATING OFFICER	40.00	Officer	$143,849	$24,915	$168,764
MICHAEL DICKERSON	INNOVATION AND EVALUATION DIRECTOR	40.00	Officer	$208,803	$14,551	$223,354
JAMES GALBRAITH	LEGAL COUNSEL, VP	40.00	Key Emp	$176,243	$13,855	$190,098
TURNER WASKOM	COMMERCIAL LENDING DIRECTOR, SVP	40.00	Key Emp	$158,081	$4,693	$162,774
MICHAEL WU	IT DIRECTOR, VP	40.00	Highest	$149,033	$27,562	$176,595
MARGARET WEILAND	DEVELOPMENT DIRECTOR, SVP	40.00	Highest	$143,390	$34,877	$178,267
TERESA PARRIETT	CONTROLLER, VP	40.00	Highest	$144,383	$14,113	$158,496
DESIREE MICHIELS	CONSUMER LENDING DIRECTOR, SVP	40.00	Highest	$137,424	$17,292	$154,716
SAIF HAKIM	COMMERCIAL LENDING TEAM MANAGER, VP	40.00	Highest	$142,108	$3,531	$145,639

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	$32,060,164	$20,620,759	$222,022,332	$11,439,405
2022	$19,219,259	$15,992,790	$182,110,281	$3,226,469
2021	$26,936,516	$14,583,042	$178,565,925	$12,353,474
2020	$26,919,478	$19,330,753	$176,968,098	$7,588,725
2019	$15,830,783	$15,117,159	$153,288,442	$713,624
2018	$16,553,228	$16,511,659	$141,856,362	$41,569

CRAFT3