Washington Alliance for Healthcare Insurance Trust (EIN 916442222) - 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

1997

Legal Domicile

Principal Officer

Richard A Ekman

Phone

4257717359

Tax Period

2022-07-01 to 2023-06-30

Washington Alliance for Healthcare Insurance Trust, founded in 1997, is a community nonprofit that reported $6.7M in total revenue in fiscal year 2022. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $7.7M exceeded revenue, resulting in a 14% operating deficit.

Mission

To provide qualified health and welfare benefits to participants.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,761,094

Investment Income $-31,645

Other Revenue $9,409

TOTAL REVENUE $6,738,858

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,000

Fundraising Expenses $0

Other Expenses $1,587,237

TOTAL EXPENSES $7,688,631

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6,738,858	$15,858,943	-0.6%
Expenses	$7,688,631	$17,331,296	-0.6%
Net Income	$-949,773	$-1,472,353	-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

N/A

Employees

N/A

Volunteers

N/A

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

$72,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard A Ekman	Trustee	3.75	Director	$72,000	$0	$72,000

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
2023	$6,738,858	$7,688,631	No data	$-949,773
2022	$15,858,943	$17,331,296	$2,793,878	$-1,472,353
2021	$16,743,614	$17,217,432	$4,485,964	$-473,818
2020	$18,920,227	$18,928,775	$4,958,564	$-8,548
2019	$21,843,794	$21,266,720	$4,896,186	$577,074
2018	$24,482,096	$25,865,152	$4,571,561	$-1,383,056

Washington Alliance for Healthcare Insurance Trust