NORTHWEST ULTIMATE ASSOCIATION

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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

1996

Legal Domicile

Principal Officer

Alex Matthison

Phone

2069466533

Tax Period

2024-01-01 to 2024-12-31

NORTHWEST ULTIMATE ASSOCIATION, founded in 1996, is a community nonprofit in the Recreation & Sports sector that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $1.6M left a modest 5% surplus.

Mission

As the home for Ultimate in our region, DiscNW creates inclusive and equitable opportunities to engage with the sport at all levels.

Program Service Accomplishments

Program 1

Expenses: $299,714 Revenue: $377,100

Leagues: The Northwest Ultimate Association organized and operated 15 adult recreational leagues in 2024. Several leagues were structured to accommodate inexperienced players. two leagues were...

Leagues: The Northwest Ultimate Association organized and operated 15 adult recreational leagues in 2024. Several leagues were structured to accommodate inexperienced players. two leagues were limited to male-identifying athletes, three leagues were limited to female-identifying athletes, and ten were mixed-gender. Leagues served players in the greater Seattle metropolitan area, including King, Whatcom and Pierce Counties. The total number of adults served was approximately 5400.

Program 2

Expenses: $219,438 Revenue: $219,762

Tournaments: The Northwest Ultimate Association organized and operated three ultimate tournaments for adults. They supported beginner and intermediate-level players. One tournament was a mixed-gender event, one served female-identifying athletes, and one served male-identifying athletes. The tournaments were held in Seattle, Snohomish, and Burlington. The total of people served was approximately 1800.

Program 3

Expenses: $742,649 Revenue: $961,056

Youth Activities: In 2024, the Northwest Ultimate Association organized and operated 13 youth leagues, nine youth tournaments, and fourteen youth camps. Youth activities served the greater Seattle...

Youth Activities: In 2024, the Northwest Ultimate Association organized and operated 13 youth leagues, nine youth tournaments, and fourteen youth camps. Youth activities served the greater Seattle metropolitan area, including Bellevue, Kirkland, Redmond, Shoreline, Burlington, Seatac, North Bend and Tacoma. The total number of children served was over 7500.

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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 $137,455

Program Service Revenue $1,557,918

Investment Income $550

Other Revenue $16,444

TOTAL REVENUE $1,712,367

Expense Breakdown

Grants Paid $0

Salaries & Benefits $586,520

Fundraising Expenses $59,289

Program Expenses $1,261,801

Other Expenses $1,037,277

TOTAL EXPENSES $1,623,797

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,712,367	$1,436,954	+0.2%
Expenses	$1,623,797	$1,648,062	0.0%
Net Income	$88,570	$-211,108	-1.4%

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

100

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

$109,248

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jude LaRene	Executive Director	40	Officer	$88,975	$20,273	$109,248
Kate Speck	President	10	Officer Director	$0	$0	$0
Laura Manson	Vice-President	3	Officer Director	$0	$0	$0
Alan Hensley	Treasurer	3	Officer Director	$0	$0	$0
Sarah Titcomb	Secretary	3	Officer Director	$0	$0	$0
Ted Kalmus	Board Member	2	Director	$0	$0	$0
Betsy Klebanoff-Hills	Board Member	2	Director	$0	$0	$0
Matt Stenovec	Board Member	2	Director	$0	$0	$0
Erin Armstrong	Board Member	2	Director	$0	$0	$0
Taylor Kanemori	Board Member	2	Director	$0	$0	$0
Samuel Terry	Board Member	2	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	$1,712,367	$1,623,797	$128,348	$88,570
2023	$1,436,954	$1,648,062	$70,162	$-211,108
2022	$1,252,696	$1,376,633	$265,993	$-123,937
2021	$750,384	$685,045	$379,447	$65,339
2020	$369,516	$254,013	$316,970	$115,503
2019	$1,589,438	$1,605,809	$242,217	$-16,371
2018	$1,509,429	$1,439,332	$224,224	$70,097