WASHINGTON MANUFACTURING SERVICES (EIN 911735367) - 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

1996

Legal Domicile

Principal Officer

KELLEY SOWARDS

Phone

4252876808

Tax Period

2023-01-01 to 2023-12-31

WASHINGTON MANUFACTURING SERVICES, founded in 1996, is a mid-sized nonprofit in the Education sector that reported $10.5M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $9.4M left a modest 10% surplus.

Mission

IMPACT WASHINGTON IS A STATEWIDE NON-PROFIT ORGANIZATION THAT PROVIDES SMALL AND MEDIUM-SIZED MANUFACTURERS WITH EXPERT CONSULTING, TRAINING PROGRAMS, AND EDUCATIONAL AND INDUSTRY EVENTS THAT ARE DESIGNED TO MAKE THEIR COMPANY BETTER. WE PROVIDE AFFORDABLE ASSISTANCE TO IMPROVE A COMPANY'S PRODUCTIVITY, EFFICIENCY, AND COMPETITIVENESS THROUGH TECHNOLOGY, TECHNIQUES, AND BEST PRACTICES. OUR PROVEN SOLUTIONS INCREASE PROFITS, DEVELOP PEOPLE, IMPROVE PERFORMANCE, AND HELP A BUSINESS GROW AT A SUSTAINABLE PACE. IMPACT WASHINGTON IS AN AFFILIATE OF THE NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY'S MANUFACTURING EXTENSION PROGRAM (NIST MEP). SINCE 1997, IW HAS PROVIDED CONSULTING SERVICES TO MANUFACTURERS TO HELP THEM STRENGTHEN THEIR WORKFORCE AND GROW THEIR BUSINESSES. OVER THE PAST 5 YEARS, THESE IMPACTS HAVE INCREASED SALES BY 376M, RETAINED SALES BY 851M, INCREASED INVESTMENT BY 443M, CREATED AND RETAINED 6,961 JOBS, AND PROVIDED COST SAVINGS OF 240M.

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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 $3,178,742

Program Service Revenue $7,157,113

Investment Income $133,584

Other Revenue $0

TOTAL REVENUE $10,469,439

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,341,354

Fundraising Expenses $0

Program Expenses $8,440,810

Other Expenses $6,086,913

TOTAL EXPENSES $9,428,267

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,469,439	$8,850,862	+0.2%
Expenses	$9,428,267	$8,131,132	+0.2%
Net Income	$1,041,172	$719,730	+0.4%

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

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

$314,651

Total Directors

Key Employees

$221,713

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE WITTENBERG	CHAIR	1.00	Officer Director	$0	$0	$0
JENNY SNOW-BOSCOLO	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DREW DALGETTY	SECRETARY	1.00	Officer Director	$0	$0	$0
RACHEL CAMARILLO	TREASURER	1.00	Officer Director	$0	$0	$0
ANNA REYES-POTTS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT READER	DIRECTOR	1.00	Director	$0	$0	$0
PAUL ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
WENDY FLICK	DIRECTOR	1.00	Director	$0	$0	$0
CHELSEA MASON-PLACEK	DIRECTOR	1.00	Director	$0	$0	$0
TOMMY GANTZ	DIRECTOR	1.00	Director	$0	$0	$0
DELOIT WOLFE	PRESIDENT/CENTER DIRECTOR	40.00	Officer	$275,821	$38,830	$314,651
JESSICA INGLE	DEPUTY CENTER DIRECTOR/COO	40.00	Key Emp	$176,788	$44,925	$221,713
CRAIG DOAN	ACCOUNT EXECUTIVE	40.00	Highest	$226,238	$45,046	$271,284
NICK WILKES	DIRECTOR OF BUSINESS DEVELOPMENT	40.00	Highest	$154,215	$43,439	$197,654
EDDIE ROLDAN	DIRECTOR OF FINANCE	40.00	Highest	$147,998	$29,230	$177,228
CAROL BLAYDEN	DIRECTOR OF MARKETING	40.00	Highest	$145,442	$51,391	$196,833
SARAH STUART	ACCOUNT EXECUTIVE	40.00	Highest	$153,801	$24,952	$178,753

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	$10,469,439	$9,428,267	$5,454,796	$1,041,172
2023	$10,469,439	$9,428,267	$5,454,796	$1,041,172
2022	$8,850,862	$8,131,132	$4,961,026	$719,730
2021	$7,541,918	$6,675,329	$3,899,855	$866,589
2020	$4,971,018	$5,742,629	$3,342,246	$-771,611
2019	$5,945,433	$5,333,133	$3,790,215	$612,300
2018	$5,680,722	$5,089,207	$3,061,620	$591,515

WASHINGTON MANUFACTURING SERVICES