Bright Water Waldorf School

EIN: 911897098 501(c)(3) Education

SEATTLE, WA

Total Revenue
$986,495
Total Expenses
$1,529,552
Total Assets
$993,067
Net Assets
$395,410
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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
1998
Legal Domicile
WA
Principal Officer
Michael Shope
Phone
2066246176
Tax Period
2024-08-01 to 2025-07-31

Bright Water Waldorf School, founded in 1998, is a small nonprofit in the Education sector that reported $986K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 55% operating deficit.

Mission

BRIGHT WATER WALDORF SCHOOL'S MISSION IS TO CULTIVATE CREATIVE MINDS, CAPABLE HANDS, AND COMPASSIONATE HEARTS.

Program Service Accomplishments

Program 1
Expenses: $1,147,163 Revenue: $964,647

Bright Water Waldorf Society DBA Bright Water Waldorf School (the school) was founded in 1998 out of a desire for greater access to Waldorf education in Seattle, Washington. Waldorf education is...

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Bright Water Waldorf Society DBA Bright Water Waldorf School (the school) was founded in 1998 out of a desire for greater access to Waldorf education in Seattle, Washington. Waldorf education is based on a deep understanding of the needs of the growing child and the maturing adolescent. Through a rich curriculum and innovative teaching methods, Waldorf education addresses the whole child, working to develop clarity in thought, balance in feelings, and initiative in action. Currently, the school has an enrollment of 62 students in preschool through grade eight.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $964,647
Investment Income $21,848
Other Revenue $0
TOTAL REVENUE $986,495

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,091,892
Fundraising Expenses $152,957
Program Expenses $1,147,163
Other Expenses $437,660
TOTAL EXPENSES $1,529,552

Year-over-Year Comparison

2024 2023 Change
Revenue $986,495 $1,380,612 -0.3%
Expenses $1,529,552 $1,421,584 +0.1%
Net Income $-543,057 $-40,972 +12.3%
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

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Governance

Voting Members
7
Independent Members
7
Employees
27
Volunteers
60

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
3
$48,573
Total Directors
7
$165,043
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Beth Simpson Board Member 1
Director
$79,737 $0 $79,737
Hiromi Yonemoto Treasurer 1
Officer Director
$48,573 $0 $48,573
Anna Stumm Board Member 1
Director
$36,733 $0 $36,733
Jesseca Brand Board Chair 1
Officer Director
$0 $0 $0
Steven Tritto Secretary 1
Officer Director
$0 $0 $0
Judy Lackey Board Member 1
Director
$0 $0 $0
Michael Shope Board Member 1
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
2025 $986,495 $1,529,552 $993,067 $-543,057
2019 $3,386,436 $3,216,433 $1,311,357 $170,003
2018 $2,791,183 $2,642,867 $1,151,319 $148,316
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