WASHINGTON BLUES SOCIETY

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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

1989

Legal Domicile

Principal Officer

Denis Ray Kurth

Phone

2536512389

Tax Period

2024-01-01 to 2024-12-31

WASHINGTON BLUES SOCIETY, founded in 1989, is a small nonprofit that reported $246K in total revenue in fiscal year 2024. The organization ran a surplus of $102K, a strong 41% operating margin.

Mission

Maintaining Blues Music through education, information, and live music events for all people.

Program Service Accomplishments

Program 1

Expenses: $7,767 Revenue: $0

Monthly 32 page color magazine with many Blues related articles, historic tales, and coming events is supplied to all members and approximately 600 non members around the country.

Program 2

Expenses: $0 Revenue: $0

In 2023, WBS expanded its viewing audience by adding the Seattle Peace Concert series, distribution of 3000 Bluesletter magazines free to various locations in a 3 county area and sending 5 Musicians to Memphis to compete in the International Blues Challenge. We doubled our free Blues Bash presentations to 2 per month drawing about 1500 to the live performances for the year along with a live video presentation broadcast at 1 of the 2 locations each month.

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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 $221,937

Program Service Revenue $14,135

Investment Income $219

Other Revenue $10,040

TOTAL REVENUE $246,331

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $75,765

Program Expenses $7,767

Other Expenses $144,399

TOTAL EXPENSES $144,399

Year-over-Year Comparison

	2024	2023	Change
Revenue	$246,331	N/A	N/A
Expenses	$144,399	N/A	N/A
Net Income	$101,932	$0	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

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
Tony Frederickson	President	15	Officer	$0	$0	$0
Rick Bowen	Vice Presient	15	Officer	$0	$0	$0
Polly O'Keary	Editor	15	Officer	$0	$0	$0
Marisue Thomas	Secretary	10	Officer	$0	$0	$0
Denis Ray Kurth	Treasurer	15	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
2024	$246,331	$144,399	$224,177	$101,932