Bike Works Seattle

EIN: 911753062 501(c)(3) Recreation & Sports

Seattle, WA

Total Revenue
$2,297,518
Total Expenses
$2,475,478
Total Assets
$2,953,030
Net Assets
$2,237,560
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
WA
Principal Officer
Edward Ewing
Phone
2067258867
Tax Period
2023-01-01 to 2023-12-31

Bike Works Seattle, founded in 1996, is a community nonprofit in the Recreation & Sports sector that reported $2.3M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

Bike Works promotes the bicycle as a vehicle for change to empower youth and build resilient communities.

Program Service Accomplishments

Program 1
Expenses: $456,131 Revenue: $0

Bicycle Recycle & Reuse Program - Our bicycle recycle & reuse program provides a means for unwanted bikes to be donated refurbished by volunteers and program participants and turned into affordable...

Read more

Bicycle Recycle & Reuse Program - Our bicycle recycle & reuse program provides a means for unwanted bikes to be donated refurbished by volunteers and program participants and turned into affordable carbon-free transportation. We process 5,000 - 7,000 donated bicycles every year and strip the unusable bikes for parts before sending the remainder to be responsibly recycled through partnerships. We give our volunteers meaningful opportunities to make a tangible difference while increasing their knowledge of bicycle maintenance and riding. Bike Works brings together diverse groups in a collaborative environment. We divert 250,000 pounds of waste from landfills annually and provided transportation through bicycle giveaways to those who cant afford to buy one our community bike shop.

Program 2
Expenses: $406,160 Revenue: $17,506

Youth Programs - Through bicycle riding and mechanics we provide opportunities for youth to build self-confidence and transferrable skills explore the world give back to their community and be...

Read more

Youth Programs - Through bicycle riding and mechanics we provide opportunities for youth to build self-confidence and transferrable skills explore the world give back to their community and be physically active. Bike Work programs are rooted in the belief that young people thrive when they are valued value themselves and feel a sense of belonging. Our youth program include: 1 Earn-A-Bike EAB Programs and Drop-In community service hours; 2 Partnerships with schools and community organizations to reach youth where they are with a focus on BIPOC youth; 3 The job skills training for young people aged 15-24 with limited resources. Participants are learning hard and soft skills and are encouraged to apply for paid apprenticeships at Bike Works; 4 Bicycle camps and clubs allow you to be active.

Program 3
Expenses: $413,377 Revenue: $35,554

Community Resources Programs - Bike Works community programs reduce the barriers to bicycling due to cost lack of knowledge and lack of neighborhood resources. Through these programs Bike Works...

Read more

Community Resources Programs - Bike Works community programs reduce the barriers to bicycling due to cost lack of knowledge and lack of neighborhood resources. Through these programs Bike Works serves more than 1,000 people annually and include: 1 Bike-For-All! Bike giveaways giving youth and adults access to bikes helmets lights and locks who cant afford to buy them; 2The BikeMobile our mobile bike repair shop visits neighborhoods where people dont have access to bike repair and cycling education services; 3All-ages community rides bringing people together to have fun ride safely and raise money to support BIPOC led organizations in our community.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,845,247
Program Service Revenue $53,059
Investment Income $68,004
Other Revenue $331,208
TOTAL REVENUE $2,297,518

Expense Breakdown

Grants Paid $51,553
Salaries & Benefits $1,758,575
Fundraising Expenses $258,674
Program Expenses $1,739,600
Other Expenses $665,350
TOTAL EXPENSES $2,475,478

Year-over-Year Comparison

2023 2022 Change
Revenue $2,297,518 $2,455,847 -0.1%
Expenses $2,475,478 $2,310,738 +0.1%
Net Income $-177,960 $145,109 -2.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
10
Independent Members
10
Employees
33
Volunteers
250

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
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Matt Hendel President 1.00
Officer
$0 $0 $0
Ed Yoshida Secretary 1.00
Officer
$0 $0 $0
Cathy Blackburn Treasurer 1.00
Officer
$0 $0 $0
Pat Thompson Vice President 1.00
Officer
$0 $0 $0
Pat McQueen Board Member 1.00
Director
$0 $0 $0
Khaleelah Rahsaan Board Member 1.00
Director
$0 $0 $0
Justin Resnick Board Member 1.00
Director
$0 $0 $0
Claire Law Board Member 1.00
Director
$0 $0 $0
Emily Reitman Board Member 1.00
Director
$0 $0 $0
Fin Harmany Board Member 1.00
Director
$0 $0 $0
Edward Ewing Executive Director 40.00
Highest
$145,538 $6,869 $152,407
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 $2,297,518 $2,475,478 $2,953,030 $-177,960
2022 $2,455,847 $2,310,738 $3,294,414 $145,109
2021 $2,496,673 $1,991,422 $2,382,984 $505,251
2020 $2,614,444 $1,900,181 $2,067,942 $714,263
2019 $1,950,203 $1,864,215 $1,118,166 $85,988
2018 $1,870,001 $1,806,302 $1,004,218 $63,699
Explore More Nonprofits
Top 100 Nonprofits in Washington Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Bike Works Seattle with other nonprofits in Washington and across the country.