Lundberg Association EIN 91-1562797

Lundberg Association

EIN  91-1562797 Public charity (501(c)(3)) Renton, WA
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Size
$100K–1M
What they do
Provides compassionate, high-quality healthcare services and advocates for affordable, accessible medical care, with a special focus on serving poor and vulnerable populations.
Leadership
Erik Wexler · President
Money in and out
$455K revenue, $478K expenses
Bottom line
87% program efficiency

Provides compassionate, high-quality healthcare services and advocates for affordable, accessible medical care, with a special focus on serving poor and vulnerable populations. For fiscal year 2024 it reported $455K in revenue, $478K in expenses, and $1.4M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$455K
Pt VIII · Ln 12
Total expenses
$478K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$23K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.13
Program efficiency
87%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
3.0mo
months of highly liquid reserves at operating expense rate▲ +58% vs prior filing year
Surplus margin
-5%
revenue over expenses, this year▲ +39% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$455K
FY2024▼ -1%
Expenses
$478K
FY2024▼ -4%
Total assets
$1.9M
FY2024▼ -1%
Total liabilities
$479K
FY2024▲ +3%
Total revenue
$455K
Pt VIII · Ln 12
Total expenses
$478K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$23K
Total assetsPt X · Ln 16$1.9M
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $418K of program spending, described in the organization's own filed words · FY2024.
01

See schedule O.AT providence, we use our voice to advocate for vulnerable populations and needed reforms in health care. We are also pursuing innovative ways to transform health care by keeping people healthy, and making our services more convenient, accessible and affordable for all.

$418Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLundberg Association
EINHdr · item D91-1562797
Principal addressHdr · item CRenton, WA
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFUnclassified (Z99Z)
Ruling yearIRS BMFOct 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Frmr EVP/Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Chief Residential Srvcs - Hcc
$0Pt VII · Sec A
Frmr EVP Ce Home & Comm Care
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
See Lundberg Association executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$266K · 59%
Program service revenue$177K · 39%
Other revenue$12K · 3%
Contributions & grants59%$266K
Program service revenue39%$177K
Other revenue3%$12K
— government grantsLn 1e$266K
Total revenueLn 12$455K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$418K
Management & general13%$60K
Total functional expensesLn 25$478K

Balance Sheet

Part X · end of year
CashLn 1$120K
Total assetsLn 16$1.9M
Total liabilitiesLn 26$479K
Total net assetsLn 32$1.4M
Months of cash on handcomputed3.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $120K · Operating expenses/yr $478K
3.0 months
Where the money goes
Program services
Program services $418K · Total expenses $478K
87%
Management & General
Management & general $60K · Total expenses $478K
13%
Fundraising
Fundraising $0 · Total expenses $478K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $266K · Total revenue $455K
59%
Government reliance
Government grants $266K · Total revenue $455K
59%
Earned-income share
Program service revenue $177K · Total revenue $455K
39%
Investment reliance
Investment income $-4K · Total revenue $455K
-1%
Program self-sufficiency
Program service revenue $177K · Total expenses $478K
37%
Growth & trend
Revenue growth (YoY)
This year $455K · Prior year $457K
-1%
Revenue CAGR
FY2020 $344K · FY2024 $455K
+7%
Net-asset trend (YoY)
End of year $1.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $455K · Expenses $478K
-5%
Liabilities-to-Assets
Total liabilities — · Total assets $1.9M
Net-asset ratio
Net assets $1.4M · Total assets $1.9M
75%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.9M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Erik Wexler · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $478K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $144K · Total expenses $478K
30%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 13%
Fundraising cost ratio 0%
Revenue growth -1%
Legal fee ratio 0%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$455K revenue · viewing · ⤓ 990 PDF
FY2023$457K revenue · ⤓ 990 PDF
FY2022$399K revenue · ⤓ 990 PDF
FY2021$372K revenue · ⤓ 990 PDF
FY2020$344K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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