WASHINGTON SELF STORAGE ASSOCIATION (EIN 912152400) - 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

2003

Legal Domicile

Principal Officer

LANCE BAKER

Phone

2066537259

Tax Period

2024-01-01 to 2024-12-31

WASHINGTON SELF STORAGE ASSOCIATION, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $231K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $52K, a strong 22% operating margin.

Mission

TO PROVIDE LEADERSHIP AND OPEN LINES OF COMMUNICATION ON ISSUES THAT AFFECT THE SELF STORAGE INDUSTRY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $86,975

Program Service Revenue $132,915

Investment Income $11,580

Other Revenue $0

TOTAL REVENUE $231,470

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $98,869

Other Expenses $179,948

TOTAL EXPENSES $179,948

Year-over-Year Comparison

	2024	2023	Change
Revenue	$231,470	$190,909	+0.2%
Expenses	$179,948	$152,917	+0.2%
Net Income	$51,522	$37,992	+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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK REILLY	PAST PRESIDENT	1	Officer Director	$0	$0	$0
LANCE BAKER	PRESIDENT	5	Officer Director	$0	$0	$0
JOHN EISENBARTH	VICE PRESIDENT	5	Officer Director	$0	$0	$0
KARI KALTINBORN	SECRETARY	2	Officer Director	$0	$0	$0
GARY KELLY	TREASURER	2	Officer Director	$0	$0	$0
GREG GOHEEN	BOARD MEMBER	2	Director	$0	$0	$0
BILL MCKAY	BOARD MEMBER	2	Director	$0	$0	$0
JEFF OIDBRIGHT	BOARD MEMBER	2	Director	$0	$0	$0
PAT SIEVERS	BOARD MEMBER	2	Director	$0	$0	$0
RYAN DALEY	BOARD MEMBER	2	Director	$0	$0	$0
PATRICK GILROY	BOARD MEMBER	5	Director	$0	$0	$0
CALVEN LEA	BOARD MEMBER	2	Director	$0	$0	$0
RYAN LAYTON	BOARD MEMBER	2	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
2024	$231,470	$179,948	$343,929	$51,522

WASHINGTON SELF STORAGE ASSOCIATION