Wenatchee Valley Tread

Nonprofit profile at a glance

EIN
822499112
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-N 2020
Location
Wenatchee, WA, USA
Phone
5094338212
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Alliance/Advocacy

Official website

Reported finances

Revenue
$578,062
Expenses
$731,649
Assets
$330,708
Liabilities
$0

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

Leadership & pay

19 people listed

Executive titles in this filing

  • JOE VIOLETTE (PRESIDENT AS OF 12/4/24)
  • SUMMER HESS (PRESIDENT THROUGH 12/4/24)
  • AMANDA LAWSON (VICE PRESIDENT)
  • MAT LYONS (EXECUTIVE DIRECTOR)

Highest reported compensation

  • MAT LYONS (EXECUTIVE DIRECTOR): $94,996 total reported compensation

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

Overview

Mission

We collaborate with diverse partners to drive sustainable outdoor recreation initiatives in north central Washington. Tread is committed to protecting and sustaining north central Washington's outdoor spaces so future generations can experience the same sense of adventure, connection, and discovery that we enjoy today. Through collaboration with land managers, user groups, and community partners, we work to preserve natural landscapes, remove barriers to access, and create sustainable recreation opportunities. By fostering strategic partnerships and long-term funding solutions, we ensure that the region's trails, waterways, and wild places thrive for generations to come.

What it reported doing in 2024

In 2024 tread has been involved with and has managed a variety of program services related to our mission. We have been involved in grant management, where we faciliatate various projects and rco grants in the region with our partners with a goal of increasing opportunities for access to parks, open spaces, and outdoor recreation in ncw. Tread has been working on some large long-term projects in 2024, including the chelan douglas transportation council pathways master plan, upper wenacthee valley sustainable trails projects, and a comprehensive douglas county outdoor recreation plan. In 2024 tread also started a new partnership with goathead warriors to contain the spread of goatheads in the region, a new trail school to train volunteers, and hosted the Washington state trails conference, which was such a success it will now be hosted by tread in wenatchee every 2 years.

Operating model

Revenue model
Grant-funded. 65% 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. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 92
  • Accountability: 90
  • Sustainability: 23
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.8%; rating input score 86
  • Program expense ratio: 67.8%; rating input score 68
  • Fundraising efficiency: $13.28 raised per $1 spent on fundraising; rating input score 47; 47th 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: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -26.6%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 0.45; rating input score 21; 21st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 13%; rating input score 28; 28th percentile among comparable filings

Growth

  • Program expense growth: 40.1% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 9.6% per year; rating input score 100; 65th percentile among comparable filings
  • Asset growth: 13.2% per year; rating input score 100; 68th percentile among comparable filings

Details

  • Where the money goes: 85.8% of revenue deployed · 67.8% of spending went to programs
  • Governance: 11 of 11 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $496K in reported program spending
  • Leadership: top reported pay $95K · 19 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 47/100.
  • High — Sustainability: Operating margin scored 7/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Total-asset coverage ratio scored 21/100.
  • High — Sustainability: Officer compensation ratio scored 28/100.