Sound Wetrain Training And Workforce Development Tr
EIN: 357341206 · Bothell, WA · NTEE: J22
| Metric | Value |
|---|---|
| Total Revenue | $511K |
| Total Expenses | $57K |
| Net Assets | $61K |
Is Sound Wetrain Training And Workforce Development Tr Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sound Wetrain Training And Workforce Development Tr
Sound Wetrain Training And Workforce Development Tr (EIN: 357341206) is a nonprofit organization based in Bothell, WA, classified under NTEE code J22. The organization reported total revenue of $511K and total assets of $73K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sound Wetrain Training And Workforce Development Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sound Wetrain Training And Workforce Development Tr is a small nonprofit that has been operating for 2 years.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $118K |
| Total Expenses | $57K |
| Surplus / Deficit | +$61K |
| Total Assets | $106K |
| Total Liabilities | $45K |
| Net Assets | $61K |
| Operating Margin | 51.4% |
| Debt-to-Asset Ratio | 42.6% |
| Months of Reserves | 22.1 months |
Financial Health Grade: A
In 2022, Sound Wetrain Training And Workforce Development Tr reported a surplus of $61K with revenue exceeding expenses, holds 22.1 months of operating reserves (strong position), has a debt-to-asset ratio of 42.6% (moderate leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sound Wetrain Training And Workforce Development Tr has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sound Wetrain Training And Workforce Development Tr with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $61K, with revenue exceeding expenses.
- Debt-to-asset ratio: 42.6%.
Frequently Asked Questions about Sound Wetrain Training And Workforce Development Tr
Is Sound Wetrain Training And Workforce Development Tr a legitimate charity?
Sound Wetrain Training And Workforce Development Tr (EIN: 357341206) is a registered tax-exempt nonprofit based in Washington. Total revenue: $511K. No red flags identified. Financial health grade: A.
How does Sound Wetrain Training And Workforce Development Tr spend its money?
Sound Wetrain Training And Workforce Development Tr reported $511K in total revenue in IRS 990 filings. 1 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sound Wetrain Training And Workforce Development Tr tax-deductible?
Sound Wetrain Training And Workforce Development Tr is registered as a tax-exempt nonprofit (EIN: 357341206). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sound Wetrain Training And Workforce Development Tr located?
Sound Wetrain Training And Workforce Development Tr is headquartered in Bothell, Washington and files with the IRS under EIN 357341206. It is classified under NTEE code J22.
Filing History
IRS 990 filing history for Sound Wetrain Training And Workforce Development Tr showing financial trends over 1 year of public records:
In its most recent filing year (2022), Sound Wetrain Training And Workforce Development Tr reported a surplus of $61K, with revenue exceeding expenses. The organization holds $45K in liabilities against $106K in assets (debt-to-asset ratio: 42.6%), resulting in net assets of $61K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $118K | $57K | $106K | $45K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sound Wetrain Training And Workforce Development Tr:
Data Sources and Methodology
This transparency report for Sound Wetrain Training And Workforce Development Tr is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.