TWISPWORKS FOUNDATION

EIN: 911927956 501(c)(3) Arts, Culture & Humanities

TWISP, WA

Total Revenue
$1,039,127
Total Expenses
$1,104,225
Total Assets
$4,877,588
Net Assets
$4,532,243
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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
WA
Principal Officer
CHAR ALKIRE
Phone
5099973300
Tax Period
2024-01-01 to 2024-12-31

TWISPWORKS FOUNDATION, founded in 1997, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Net assets of $4.5M represent 52 months of operating reserves.

Mission

OUR MISSION IS TO START, BUILD, AND GROW, TOGETHER. WE ENVISION A METHOW VALLEY ECONOMY ROOTED IN LIVABILITY. SINCE 2009, WE HAVE CONVERTED A 6.4-ACRE USFS RANGER STATION INTO A HOME FOR 32 BUSINESSES, ARTISTS, AND EDUCATIONAL FACILITIES. WE ALSO HOST ARTS, EDUCATION, AND ENTREPRENEURSHIP PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $204,677 Revenue: $363,655

CAMPUS OPERATIONS: IN 2024, TWISPWORKS OPERATED CAMPUS AND SEVERAL METHOW VALLEY-WIDE PROGRAMS. CAMPUS IS A COMMUNITY-FOCUSED, PROVIDING SPACE FOR ARTISTS, CRAFTSPEOPLE, AND SMALL BUSINESSES, WHILE...

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CAMPUS OPERATIONS: IN 2024, TWISPWORKS OPERATED CAMPUS AND SEVERAL METHOW VALLEY-WIDE PROGRAMS. CAMPUS IS A COMMUNITY-FOCUSED, PROVIDING SPACE FOR ARTISTS, CRAFTSPEOPLE, AND SMALL BUSINESSES, WHILE ALSO SERVING AS A COMMUNITY GATHERING SPACE AND CONCERT VENUE. OUR CAMPUS IS A PLACEMAKER FOR MORE THAN 35 BUSINESSES, NONPROFITS, ARTISTS AND CRAFTSPEOPLE. 2024 CAMPUS PARTNERS INCLUDED AN INTERPRETIVE CENTER FOR NATIVE AMERICAN AND NATURAL HISTORY, MANUFACTURING AND PROFESSIONAL SERVICES COMPANIES, THE METHOW VALLEY SCHOOL DISTRICT'S WELDING AND AUTOMOTIVE TECH PROGRAMS PROVIDING YOUTH REAL-LIFE SKILLS IN THE TRADES, AN INNOVATIVE-CHOICE HIGH SCHOOL, ART STUDIOS, AND GALLERY SPACES. CAMPUS IS ALSO A COMMUNITY GATHERING SPACE WITH THE PAVILION FOR EVENTS, A SPLASH PAD, PUBLIC ART, A SIGNATURE NATIVE PLANT GARDEN, AND A NATURAL DYE GARDEN. WE SPONSOR EVENTS, CELEBRATIONS, AND PROGRAMS ENGAGING RESIDENTS AND VISITORS ALIKE.

Program 2
Expenses: $58,952 Revenue: $54,661

METHOW MADE AND METHOW VALLEY GOODS (MVG): IN 2024, THE METHOW MADE PROGRAM HELPED OVER 67 LOCAL PRODUCERS MARKET AND SELL THEIR GOODS IN 10 RETAIL LOCATIONS. METHOW MADE PRODUCERS ARE LARGELY...

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METHOW MADE AND METHOW VALLEY GOODS (MVG): IN 2024, THE METHOW MADE PROGRAM HELPED OVER 67 LOCAL PRODUCERS MARKET AND SELL THEIR GOODS IN 10 RETAIL LOCATIONS. METHOW MADE PRODUCERS ARE LARGELY OWNER-OPERATED BUSINESSES, THE MAJORITY ARE WOMEN-OWNED. MVG PROVIDED ESSENTIAL STOREFRONT RETAIL SPACE WITH REGULAR BUSINESS HOURS--CONVENIENT FOR VISITORS AND LOCALS ALIKE-- TO OVER 95 ARTISTS AND MAKERS IN THE METHOW AND OKANOGAN COUNTY, MANY OF WHOM ARE SOLE PROPRIETORS WITH NO RETAIL SPACE OF THEIR OWN. MVG IS THE FLAGSHIP STORE FOR THE METHOW MADE BRAND. BY INCREASING AWARENESS OF ALL THINGS METHOW MADE, MVG HELPED INCREASE MARKET DEMAND FOR LOCALLY MADE PRODUCTS.

Program 3
Expenses: $572,869

TWISPWORKS HAS A LONG HISTORY OF COMPLETING PROJECTS AND COORDINATING PROGRAMS THAT SUPPORT A HEALTHY ECONOMY IN THE METHOW VALLEY. BY PROVIDING RESOURCES, EDUCATION, TECHNICAL ASSISTANCE, AND ACCESS...

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TWISPWORKS HAS A LONG HISTORY OF COMPLETING PROJECTS AND COORDINATING PROGRAMS THAT SUPPORT A HEALTHY ECONOMY IN THE METHOW VALLEY. BY PROVIDING RESOURCES, EDUCATION, TECHNICAL ASSISTANCE, AND ACCESS TO FINANCING, TWISPWORKS HELPS FOSTER A DYNAMIC AND ACCESSIBLE ENTREPRENEURIAL ECOSYSTEM. RECENT HIGHLIGHTS INCLUDE THE COORDINATION OF THE METHOW INVESTMENT NETWORK, A PEER-TO-PEER LENDING MODEL THAT CONNECTS COMMUNITY MEMBERS WITH FINANCIAL RESOURCES TO BUSINESS OWNERS AND ENTREPRENEURS SEEKING FUNDING TO START OR GROW A BUSINESS. IN THE LAST FIVE YEARS, THIS PROGRAM HAS CIRCULATED OVER $3.7 MILLION IN THE LOCAL ECONOMY.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $580,267
Program Service Revenue $418,316
Investment Income $15,988
Other Revenue $24,556
TOTAL REVENUE $1,039,127

Expense Breakdown

Grants Paid $0
Salaries & Benefits $594,313
Fundraising Expenses $35,432
Program Expenses $836,498
Other Expenses $509,912
TOTAL EXPENSES $1,104,225

Year-over-Year Comparison

2024 2023 Change
Revenue $1,039,127 $1,419,007 -0.3%
Expenses $1,104,225 $1,040,845 +0.1%
Net Income $-65,098 $378,162 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
10
Volunteers
10

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
5
$97,845
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHAR ALKIRE PRESIDENT 5.00
Officer Director
$0 $0 $0
RACHEL HONG VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
DENNIS WESTON TREASURER 4.00
Officer Director
$0 $0 $0
PETER SPEER SECRETARY 4.00
Officer Director
$0 $0 $0
ANNE ECKMAN BOARD MEMBER 2.50
Director
$0 $0 $0
JO WALLACE BOARD MEMBER 2.50
Director
$0 $0 $0
KATYHY BORGERSEN BOARD MEMBER 2.50
Director
$0 $0 $0
PHIL DAVIS BOARD MEMBER 2.50
Director
$0 $0 $0
SARAH GILMAN BOARD MEMBER 2.50
Director
$0 $0 $0
STU SPENCER BOARD MEMBER 2.50
Director
$0 $0 $0
TOM ROBINSON BOARD MEMBER 2.50
Director
$0 $0 $0
SUZIE HABERLAND BOARD MEMBER 2.50
Director
$0 $0 $0
HANNA VIANO BOARD MEMBER 2.50
Director
$0 $0 $0
LARON EAKINS BOARD MEMBER 2.50
Director
$0 $0 $0
CHRIS ROGERS BOARD MEMBER 2.50
Director
$0 $0 $0
ELLA DILLON BOARD MEMBER 2.50
Director
$0 $0 $0
SARAH BROWN EXECUTIVE DIRECTOR 32.00
Officer
$97,845 $0 $97,845
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 $1,039,127 $1,104,225 $4,877,588 $-65,098
2023 $1,419,007 $1,040,845 $4,952,662 $378,162
2022 $743,702 $888,063 $4,553,961 $-144,361
2021 $1,437,295 $751,692 $4,775,576 $685,603
2020 $1,433,758 $886,528 $4,092,576 $547,230
2019 $1,941,027 $732,838 $3,503,456 $1,208,189
2018 $1,133,390 $722,905 $3,202,066 $410,485
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