First Pursuit

Nonprofit profile at a glance

EIN
113731843
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024, Form 990-N 2020
Location
Pullayup, WA, USA
Phone
2537658185
Rating
61
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Protestant
Affiliation
Christianity

Reported finances

Revenue
$61,406
Expenses
$73,194
Assets
$17,369
Liabilities
$8,215

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Robert Kaelin (President and CEO)

People named in this filing

  • Robert Kaelin (President and CEO)
  • Mark Caldwell (At-Large)
  • Tony Duck (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Through the Puyallup Night Market, we held 30 events and provided a place for over 300 small businesses to sell their goods and services in our community.

What it reported doing in 2024

Puyallup Night Market: We want to influence the world around us and create opportunities for people to share a piece of themselves with the community. The Puyallup Night Market is a way for us to impact our (continued on Schedule O, statement 4) community and bring awesome local small businesses together in one great place. Elevate Conference: Leadership conference to bring community leaders together.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 52
  • Transparency & Controls: 82
  • Sustainability: 24
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 54.9%; rating input score 55
  • Program expense ratio: 46.1%; rating input score 46

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -19.2%; rating input score 24; 24th percentile among comparable filings
  • Total-asset coverage ratio: 0.24; rating input score 18; 18th percentile among comparable filings
  • Liabilities to assets ratio: 0.47; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -58.2% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: -29.8% per year; rating input score 0; 10th percentile among comparable filings
  • Asset growth: 51.5% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 54.9% of revenue deployed · 46.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $34K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 55/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 46/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 24/100.
  • High — Sustainability: Total-asset coverage ratio scored 18/100.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.