Washington Workforce Association EIN 91-2070464

Washington Workforce Association

EIN  91-2070464 Public charity (501(c)(3)) Olympia, WA Founded 2000
Form 990 (PDF) Compare with another nonprofit →
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Size
$1–10M
What they do
Helps unemployed and underemployed people find jobs and improve their careers.
Leadership
John Traugott · Executive Director · $133K
Money in and out
$1.1M revenue, $1.0M expenses
Bottom line
83% program efficiency

Helps unemployed and underemployed people find jobs and improve their careers. For fiscal year 2024 it reported $1.1M in revenue, $1.0M in expenses, and $506K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$1.0M
Pt IX · Ln 25
Net assets
$506K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $57K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.17
Program efficiency
83%
of spending reaches programs▼ -10% vs prior filing year
Operating runway
6.0mo
months of highly liquid reserves at operating expense rate▼ -6% vs prior filing year
Surplus margin
+5%
revenue over expenses, this year▼ -71% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.1M
FY2024▲ +22%
Expenses
$1.0M
FY2024▲ +41%
Total assets
$581K
FY2024▲ +8%
Total liabilities
$75K
FY2024▼ -18%
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$1.0M
Pt IX · Ln 25
Net assets
$506K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$57K
Total assetsPt X · Ln 16$581K
Program-expense ratioPt IX · col B83%
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 $849K of program spending, described in the organization's own filed words · FY2024.
01

Training front-line staff and other providers of workforce and acting as a link between twelve local workforce development councils to facilitate exchange of ideas and best practices.

$849Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWashington Workforce Association
EINHdr · item D91-2070464
Principal addressHdr · item COlympia, WA
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2000
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEmployment (J20)
Ruling yearIRS BMFOct 2005

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 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$133,375Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Finance Chair
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

John Traugott’s $133K as Executive Director is at the 53rd percentile of top reported officer pay among 1236 $1–10M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Statement of Revenue

Part VIII
Contributions & grants$642K · 60%
Program service revenue$418K · 39%
Investment income$15K · 1%
Contributions & grants60%$642K
Program service revenue39%$418K
Investment income1%$15K
Total revenueLn 12$1.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.17
Program services83%$849K
Management & general17%$169K
Total functional expensesLn 25$1.0M

Balance Sheet

Part X · end of year
CashLn 1$506K
Total assetsLn 16$581K
Total liabilitiesLn 26$75K
Total net assetsLn 32$506K
Months of cash on handcomputed6.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $506K · Operating expenses/yr $1.0M
6.0 months
Where the money goes
Program services
Program services $849K · Total expenses $1.0M
83%
Management & General
Management & general $169K · Total expenses $1.0M
17%
Fundraising
Fundraising $0 · Total expenses $1.0M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $419K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $642K · Total revenue $1.1M
60%
Government reliance
Government grants — · Total revenue $1.1M
Earned-income share
Program service revenue $418K · Total revenue $1.1M
39%
Investment reliance
Investment income $15K · Total revenue $1.1M
+1%
Program self-sufficiency
Program service revenue $418K · Total expenses $1.0M
41%
Growth & trend
Revenue growth (YoY)
This year $1.1M · Prior year $882K
+22%
Revenue CAGR
FY2019 $418K · FY2024 $1.1M
+21%
Net-asset trend (YoY)
End of year $506K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.1M · Expenses $1.0M
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $581K
Net-asset ratio
Net assets $506K · Total assets $581K
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $581K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual John Traugott · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $133K · Total expenses $1.0M
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $1.0M
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 17%
Revenue growth 22%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$10K

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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$882K revenue · ⤓ 990 PDF
FY2023$636K revenue · ⤓ 990 PDF
FY2022$281K revenue · ⤓ 990 PDF
FY2021$328K revenue · ⤓ 990 PDF
FY2020$418K 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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