WASHINGTON STATE OPPORTUNITY SCHOLARSHIP FOUNDATION (EIN 933293868) - 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

2023

Legal Domicile

Principal Officer

KIMBER CONNORS

Phone

2068008025

Tax Period

2024-07-01 to 2025-06-30

WASHINGTON STATE OPPORTUNITY SCHOLARSHIP FOUNDATION, founded in 2023, is a community nonprofit in the Education sector that reported $8.4M in total revenue in fiscal year 2024. Expenses of $16.8M exceeded revenue, resulting in a 100% operating deficit.

Mission

TRANSFORM WASHINGTON STATE BY BUILDING PATHWAYS TO HIGH-DEMAND JOBS THAT STRENGTHEN OUR COMMUNITIES AND ECONOMY.

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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 $7,676,581

Program Service Revenue $0

Investment Income $846,870

Other Revenue $-79,721

TOTAL REVENUE $8,443,730

Expense Breakdown

Grants Paid $12,225,956

Salaries & Benefits $3,569,115

Fundraising Expenses $789,407

Program Expenses $14,368,966

Other Expenses $1,054,574

TOTAL EXPENSES $16,849,645

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,443,730	N/A	N/A
Expenses	$16,849,645	N/A	N/A
Net Income	$-8,405,915	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

Governance

Voting Members

Independent Members

Employees

Volunteers

950

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

$165,955

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA PEET	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
JOLENTA COLEMAN-BUSH	SECRETARY	1.00	Officer Director	$0	$0	$0
JAVANIA POLENSKA	BOARD MEMBER	1.00	Director	$0	$0	$0
GINA BREUKELMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KIMBER CONNORS	EXECUTIVE DIRECTOR, WSOSF	40.00	Officer	$66,061	$7,309	$73,370
JOHNATHAN LUSTER	INTERIM EXECUTIVE DIRECTOR, WSOS	40.00	Officer	$63,738	$5,257	$68,995
GARRY HOFFMAN	FINANCE DIRECTOR	40.00	Officer	$21,515	$2,075	$23,590
JEANETTE MUNOZ-COLON	EXECUTIVE DIRECTOR, WSOS FROM 06/25	40.00	Officer	$0	$0	$0
MELISSA LINDGREN O'KEEFE	COMPTROLLER FROM 05/25	40.00	Officer	$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	$8,443,730	$16,849,645	$121,816,675	$-8,405,915

WASHINGTON STATE OPPORTUNITY SCHOLARSHIP FOUNDATION