FOUNDATION FOR WORKING FAMILIES (EIN 911702271) - 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

Legal Domicile

Principal Officer

CHERIKA CARTER SECRETARYTREASURER

Phone

2062818901

Tax Period

2024-01-01 to 2024-12-31

FOUNDATION FOR WORKING FAMILIES is a small nonprofit in the Public Safety sector that reported $212K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $290K exceeded revenue, resulting in a 37% operating deficit.

Mission

A HARDSHIP AND DISASTER RELIEF PROGRAM OVERSEEN BY THE WASHINGTON STATE LABOR COUNCIL

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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 $207,464

Program Service Revenue $0

Investment Income $4,362

Other Revenue $0

TOTAL REVENUE $211,826

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $288,762

Other Expenses $289,860

TOTAL EXPENSES $289,860

Year-over-Year Comparison

	2024	2023	Change
Revenue	$211,826	$286,738	-0.3%
Expenses	$289,860	$324,171	-0.1%
Net Income	$-78,034	$-37,433	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
APRIL SIMS	PRESIDENT	Officer Director	$0	$0	$0
CHERIKA CARTER	SECRETARYTREAS	Officer Director	$0	$0	$0
PATTY ROSE	DIRECTOR	Director	$0	$0	$0
CAROL DOTLICH	DIRECTOR	Director	$0	$0	$0
BOB GUENTHER	DIRECTOR	Director	$0	$0	$0
PAM CARL	DIRECTOR	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	$211,826	$289,860	$259,676	$-78,034
2023	$286,738	$324,171	$337,710	$-37,433
2021	$354,985	$45,320	$372,398	$309,665
2020	$446,264	$391,801	$62,450	$54,463

FOUNDATION FOR WORKING FAMILIES