Washington Vocational Services

Nonprofit profile at a glance

EIN
510192526
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Everett, WA, USA
Phone
4257743338
Rating
87
Verdict
STRONG
Rating confidence
Standard
Sector
Vocational Rehabilitation

Official website

Reported finances

Revenue
$4,443,341
Expenses
$4,821,545
Assets
$2,483,700
Liabilities
$860,422

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

Leadership & pay

11 people listed

Executive titles in this filing

  • KEN ERIKSEN (PRESIDENT)
  • KENN SANDELL (VICE PRESIDENT)
  • JANET BRUCKSHEN (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JANET BRUCKSHEN (EXECUTIVE DIRECTOR): $146,998 total reported compensation
  • COLIN GODECKE (DIR. OF FIN. & BUS. OPS.): $107,088 total reported compensation
  • PEGGY FRISK (DIRECTOR OF PROGRAM SERVICES): $103,645 total reported compensation

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

Overview

Mission

To provide job development, job seeking skills and job placement for persons with disabilities. We are dedicated to providing outstanding quality services that result in successful community involvement and employment for persons with disabilities.

What it reported doing in 2024

Wvs is organized to provide job seeking assistance for persons with disabilities including: transportation training, work evaluation, job assessment, job development, job coaching, retention services, deaf services, blind services and transition services for 18-21 year old's.in 2024, we served 708 individuals and placed 63 persons with disabilities in jobs with an average wage of $20.20 per hour.

Operating model

Revenue model
Grant-funded. 97% of the money available for current operations came from government grants.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 100
  • Accountability: 100
  • Sustainability: 20
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.5%; rating input score 78
  • Program expense ratio: 71.3%; rating input score 71
  • Fundraising efficiency: $181.13 raised per $1 spent on fundraising; rating input score 91; 91st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -8.5%; rating input score 15; 15th percentile among comparable filings
  • Total-asset coverage ratio: 0.52; rating input score 18; 18th percentile among comparable filings
  • Liabilities to assets ratio: 0.35; rating input score 30; 30th percentile among comparable filings
  • Officer compensation ratio: 7.4%; rating input score 39; 39th percentile among comparable filings

Growth

  • Program expense growth: 2.9% per year; rating input score 100; 27th percentile among comparable filings
  • Revenue growth: 5.6% per year; rating input score 100; 46th percentile among comparable filings
  • Asset growth: 3.7% per year; rating input score 100; 27th percentile among comparable filings

Details

  • Where the money goes: 77.5% of revenue deployed · 71.3% of spending went to programs
  • Governance: 8 of 8 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $3.4M in reported program spending
  • Leadership: top reported pay $147K · 11 people listed
  • Consistency: 32 of 32 current checks pass
  • Schedules: 5 filed schedules · includes major donors and related organizations
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.

  • High — Sustainability: Operating margin scored 15/100.
  • High — Sustainability: Total-asset coverage ratio scored 18/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 30/100.
  • Moderate — Sustainability: Officer compensation ratio scored 39/100.