Provides affordable financial services, including accounting, tax, and consulting, to help nonprofits make sound management decisions.
For fiscal year 2024 it reported $21.4M in revenue, $19.5M in expenses, and $592K in net assets.Pt I
Where the money goes · FY2024
Total revenue
$21.4M
Pt VIII · Ln 12
Total expenses
$19.5M
Pt IX · Ln 25
Net assets
$592K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.9M
Where spending went · Part IX cols B–D
85%
Program services $0.85 Management & general $0.11 Fundraising $0.03
Program efficiency
85%
of spending reaches programs▼ -11% vs prior filing year
Operating runway
0.2mo
months of highly liquid reserves at operating expense rate▼ -100% vs prior filing year
Surplus margin
+9%
revenue over expenses, this year▲ +152% vs prior filing year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$21.4M
FY2024▼ -4%
$22.2M$11.1M$0
FY2020FY2024
Expenses
$19.5M
FY2024▼ -25%
$26.1M$13.0M$0
FY2020FY2024
Total assets
$1.0M
FY2024▼ -99%
$127.4M$63.7M$0
FY2020FY2024
Total liabilities
$414K
FY2024▼ -99%
$42.3M$21.2M$0
FY2020FY2024
Total revenue
$21.4M
Pt VIII · Ln 12
Total expenses
$19.5M
Pt IX · Ln 25
Net assets
$592K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1.9M
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III
Where the work happens
3 program services account for $15.2M of program spending, described in the organization's own filed words · FY2024.
01
501 Commons serves as the program administrator for Washington Opportunity Scholarship. WSOS removes barriers to education and helps Washington students forge their path to high-demand STEM, health care, and trade careers in Washington state.
$13.4Mprogram expense
02
Our technology programs include IT infrastructure, cybersecurity, and data solutions. Data solutions worked on 58 database development and maintenance projects with 32 organizations. IT infrastructure worked on 100 projects or ongoing IT managed services with 90 organizations.
$1.2Mprogram expense
03
Our financial services program worked on 127 accounting, tax, and consulting engagements with organizations. Having professional financial services at affordable rates provides our clients with the financial data they need to make sound management decisions and allows them to focus on their mission.
Kimberly Connors’s $173K as Wsos Executive Director
is at the 25th percentile of top reported officer pay among 572 $10–100M community development 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.
Compensation history total reportable pay by year · 8 named individuals · Part VII
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
Individual Kimberly Connors · Reported title WSOS Executive Director · Highest reported compensation $173K · Total expenses $19.5M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $5.8M · Total expenses $19.5M
30%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
85%
—
—
Overhead ratio
11%
—
—
Fundraising cost ratio
4%
—
—
Revenue growth
-4%
—
—
Legal fee ratio
0%
—
—
Accounting fee ratio
0%
—
—
Fundraising fee ratio
0%
—
—
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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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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