Bike Works Seattle (EIN 911753062) - 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

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.

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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 $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

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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

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

Total Directors

Key Employees

Highest Compensated

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

Bike Works Seattle