WASHINGTON MANUFACTURING SERVICES

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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 NON-PROFIT ORGANIZATION WHOSE MISSION IS TO SUPPORT AND ENERGIZE OUR LOCAL INDUSTRY BY ENHANCING THE PRODUCTIVITY AND TECHNOLOGY PERFORMANCE OF WASHINGTON STATE MANUFACTURERS. WE SUPPORT WASHINGTON'S MANUFACTURING COMMUNITY BY PROVIDING CLIENTS WITH COMPREHENSIVE, PROVEN SOLUTIONS DELIVERED THROUGH TECHNICAL ASSISTANCE CONSULTING, EDUCATION AND ADVOCACY SERVICES.

Program Service Accomplishments

Program 1

Expenses: $8,440,810 Revenue: $7,157,113

OUR PROGRAM SERVICES ARE FOCUSED ON PROVIDING THE WASHINGTON STATE MANUFACTURING COMMUNITY WITH CONSULTING, EDUCATIONAL AND ADVOCACY ASSISTANCE IN THE FOLLOWING AREAS: LEAN MANUFACTURING AND...

OUR PROGRAM SERVICES ARE FOCUSED ON PROVIDING THE WASHINGTON STATE MANUFACTURING COMMUNITY WITH CONSULTING, EDUCATIONAL AND ADVOCACY ASSISTANCE IN THE FOLLOWING AREAS: LEAN MANUFACTURING AND CONTINUOUS IMPROVEMENT, SUPPLY CHAIN OPTIMIZATION, ERP SYSTEMIMPLEMENTATION, PLANT LAYOUT DESIGN, FACTORY AUTOMATION, CYBER SECURITY, BUSINESS LEADERSHIP AND WORKFORCE DEVELOPMENT, BUSINESS TRANSITION PLANNING, PRODUCT DEVELOPMENT, EXPORT MARKET EXPANSION, ISO CERTIFICATION AND OTHER QUALITY SYSTEMS TRAINING, AND FOOD PROCESSING SAFETY AND REGULATION COMPLIANCE TRAINING.

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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