WASHINGTON EDUCATION ASSOCIATION-RETIRED (EIN 943119445) - 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

1989

Legal Domicile

Principal Officer

NEVA LUKE

Phone

4252811885

Tax Period

2023-09-01 to 2024-08-31

WASHINGTON EDUCATION ASSOCIATION-RETIRED, founded in 1989, is a small nonprofit that reported $130K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $126K left a modest 3% surplus.

Mission

PROMOTION OF THE WELFARE OF RETIRED PUBLIC EDUCATION EMPLOYEES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $13,050

Program Service Revenue $80,411

Investment Income $36,969

Other Revenue $0

TOTAL REVENUE $130,430

Expense Breakdown

Grants Paid $4,465

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $122,028

TOTAL EXPENSES $126,493

Year-over-Year Comparison

	2023	2022	Change
Revenue	$130,430	$119,477	+0.1%
Expenses	$126,493	$88,086	+0.4%
Net Income	$3,937	$31,391	-0.9%

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
MARY LINDSEY	PRESIDENT	11.50	Officer Director	$0	$0	$0
NEVA LUKE	FINANCE DIRECTOR	11.50	Officer Director	$0	$0	$0
MIKE RAGAN	VICE PRESIDENT	6.00	Officer Director	$0	$0	$0
PAM FUELLING	SECRETARY	1.50	Officer Director	$0	$0	$0
JOANNE GLASGOW	AT-LARGE MEMBER	1.50	Director	$0	$0	$0
DEBBY NISSEN	AT-LARGE MEMBER	1.50	Director	$0	$0	$0
MOGI HAGGIN	BOARD OF DIRECTOR	0.25	Director	$0	$0	$0
BRIGITTE TENNIS	BOARD OF DIRECTOR	0.25	Director	$0	$0	$0
PATTY CONE	BOARD OF DIRECTOR	0.25	Director	$0	$0	$0
MIKE MCSWEENEY	BOARD OF DIRECTOR	0.25	Director	$0	$0	$0
EVELYN HORNE	BOARD OF DIRECTOR	0.25	Director	$0	$0	$0
MIKE ACCORD	BOARD OF DIRECTOR	0.25	Director	$0	$0	$0
QUINCY COOK	BOARD OF DIRECTOR	0.25	Director	$0	$0	$0
BEV HOPOI	BOARD OF DIRECTOR	0.25	Director	$0	$0	$0
LEE KIRKGAARD	BOARD OF DIRECTOR	0.25	Director	$0	$0	$0
ROBERT BROWN	BOARD OF DIRECTOR	0.25	Director	$0	$0	$0
JOSEPH BALIN	BOARD OF DIRECTOR	0.25	Director	$0	$0	$0
THOM GARRARD	BOARD OF DIRECTOR	0.25	Director	$0	$0	$0
TERESA KELLEY	BOARD OF DIRECTOR	0.25	Director	$0	$0	$0
TERRI MCKEE	BOARD OF DIRECTOR	0.25	Director	$0	$0	$0
MARIANNE NELSON	BOARD OF DIRECTOR	0.25	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	$130,430	$126,493	$843,791	$3,937
2023	$119,477	$88,086	$795,234	$31,391
2022	$101,855	$49,389	$765,989	$52,466
2021	$81,168	$36,676	$767,445	$44,492
2020	$104,329	$64,215	$635,923	$40,114
2019	$176,519	$143,911	$627,104	$32,608
2018	$123,875	$85,108	$604,928	$38,767

WASHINGTON EDUCATION ASSOCIATION-RETIRED