NORTHWEST COLLABORATIVE CENTER

EIN: 921066283 501(c)(3) Arts, Culture & Humanities

EDMONDS, WA

Total Revenue
$35,940
Total Expenses
$24,568
Total Assets
$29,177
Net Assets
$29,177
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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
2022
Legal Domicile
WA
Principal Officer
YONGWOON CHUNG
Phone
2063496421
Tax Period
2024-01-01 to 2024-12-31

NORTHWEST COLLABORATIVE CENTER, founded in 2022, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $36K in total revenue in fiscal year 2024. The organization ran a surplus of $11K, a strong 32% operating margin.

Mission

Northwest Collaborative Center (NWCC) is a nonprofit organization dedicated to advancing educational and charitable opportunities for underserved youth by providing free music education and academic support.

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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 $35,940
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $35,940

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $24,568
Other Expenses $24,568
TOTAL EXPENSES $24,568

Year-over-Year Comparison

2024 2023 Change
Revenue $35,940 N/A N/A
Expenses $24,568 N/A N/A
Net Income $11,372 N/A N/A
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
3
Independent Members
3
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
2
$12,480
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
YONGWOON CHUNG PRESIDENT 0.00
Officer
$6,240 $0 $6,240
JEONGWON HYUN TREASURER 0.00
Officer
$6,240 $0 $6,240
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 $35,940 $24,568 $29,177 $11,372
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