Civic Intelligence

Washington Bankers Association

EIN 91-0459700 • 501(c)6 • Seattle, WA

Profile

Washington bankers association leads the banking industry as a premier provider of advocacy, education, and products and services

601 Union Street Suite 1720Seattle, WA 98101

www.wabankers.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

43rd percentile

0.11x

Higher debt load relative to assets than 43% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

56th percentile

0.21x

Higher debt load relative to revenue than 56% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

43rd percentile

2.4%

Higher net margin than 43% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

52nd percentile

6.4%

Faster asset growth than 52% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

53rd percentile

7.5%

Faster revenue growth than 53% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,884,052

Up $292,778 (+6.4%) from 2023

Liabilities

Down

$519,041

Down $126,811 (-20%) from 2023

Net Assets

Up

$4,365,011

Up $419,589 (+11%) from 2023

Revenue

Up

$2,438,432

Up $169,722 (+7.5%) from 2023

Expenses

Up

$2,380,515

Up $265,366 (+13%) from 2023

Net Income

Down

$57,917

Down $95,644 (-62%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $3,094,255Liabilities 2011: $782,720Net Assets 2011: $2,311,5352011Assets 2012: $3,291,235Liabilities 2012: $862,654Net Assets 2012: $2,428,5812012Assets 2013: $3,364,572Liabilities 2013: $840,065Net Assets 2013: $2,524,5072013Assets 2014: $3,670,738Liabilities 2014: $1,046,425Net Assets 2014: $2,624,3132014Assets 2015: $4,286,883Liabilities 2015: $1,250,567Net Assets 2015: $3,036,3162015Assets 2016: $4,056,640Liabilities 2016: $1,200,769Net Assets 2016: $2,855,8712016Assets 2017: $3,920,734Liabilities 2017: $1,165,159Net Assets 2017: $2,755,5752017Assets 2018: $3,369,730Liabilities 2018: $888,710Net Assets 2018: $2,481,0202018Assets 2019: $3,822,858Liabilities 2019: $1,250,716Net Assets 2019: $2,572,1422019Assets 2020: $3,651,978Liabilities 2020: $1,297,139Net Assets 2020: $2,354,8392020Assets 2021: $4,667,816Liabilities 2021: $1,400,570Net Assets 2021: $3,267,2462021Assets 2022: $4,147,645Liabilities 2022: $582,536Net Assets 2022: $3,565,1092022Assets 2023: $4,591,274Liabilities 2023: $645,852Net Assets 2023: $3,945,4222023Assets 2024: $4,884,052Liabilities 2024: $519,041Net Assets 2024: $4,365,0112024

Highlighted filing

2024

Assets$4,884,052
Liabilities$519,041
Net Assets$4,365,011

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,468,5622011Expenses 2012: $1,568,7812012Expenses 2013: $1,787,4282013Revenue 2014: $1,799,794Expenses 2014: $1,788,097Net Income 2014: $11,6972014Revenue 2015: $2,532,190Expenses 2015: $2,090,599Net Income 2015: $441,5912015Revenue 2016: $1,805,855Expenses 2016: $1,895,536Net Income 2016: -$89,6812016Revenue 2017: $1,981,288Expenses 2017: $2,229,289Net Income 2017: -$248,0012017Revenue 2018: $2,031,368Expenses 2018: $2,184,698Net Income 2018: -$153,3302018Revenue 2019: $2,199,196Expenses 2019: $2,049,478Net Income 2019: $149,7182019Revenue 2020: $2,024,010Expenses 2020: $2,045,505Net Income 2020: -$21,4952020Revenue 2021: $1,784,967Expenses 2021: $1,575,336Net Income 2021: $209,6312021Revenue 2022: $1,729,837Expenses 2022: $1,659,635Net Income 2022: $70,2022022Revenue 2023: $2,268,710Expenses 2023: $2,115,149Net Income 2023: $153,5612023Revenue 2024: $2,438,432Expenses 2024: $2,380,515Net Income 2024: $57,9172024

Highlighted filing

2024

Revenue$2,438,432
Expenses$2,380,515
Net Income$57,917

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.88$0.52$4.37$2.44$2.38$0.06
2023Summary only. Only limited summary data is available for this year.$4.59$0.65$3.95$2.27$2.12$0.15
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.15$0.58$3.57$1.73$1.66$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.67$1.40$3.27$1.78$1.58$0.21
2020Summary only. Only limited summary data is available for this year.$3.65$1.30$2.35$2.02$2.05$0.02
2019Summary only. Only limited summary data is available for this year.$3.82$1.25$2.57$2.20$2.05$0.15
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.37$0.89$2.48$2.03$2.18$0.15
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.92$1.17$2.76$1.98$2.23$0.25
2016Detailed filing. Detailed filing data is available for this year.$4.06$1.20$2.86$1.81$1.90$0.09
2015Detailed filing. Detailed filing data is available for this year.$4.29$1.25$3.04$2.53$2.09$0.44
2014Summary only. Only limited summary data is available for this year.$3.67$1.05$2.62$1.80$1.79$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.36$0.84$2.52$1.79
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.29$0.86$2.43$1.57
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.09$0.78$2.31$1.47
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 14, 2025
Return Version
2024v5.0
Gross Receipts
$2,438,432
Mission and Program Overview

Mission

Washington bankers association leads the banking industry as a premier provider of advocacy, education, and products and services

The wba is committed to supporting and advancing the banking industry in the northwest and beyond

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,091,250$3,531,300▲ $440,050
Cash and Non-Interest-Bearing Accounts$865,690$792,919▼ $72,771
Savings and Temporary Cash Investments$242,554$243,718▲ $1,164
Investments Other Securities$150,923$157,007▲ $6,084
Land, Buildings, and Equipment, Net$70,975$66,039▼ $4,936
Accounts Receivable$126,924$59,357▼ $67,567
Prepaid Expenses and Deferred Charges$42,958$33,712▼ $9,246
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$4,591,274$4,884,052▲ $292,778
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$206,044$277,375▲ $71,331
Deferred Revenue$439,808$241,666▼ $198,142
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$645,852$519,041▼ $126,811
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,945,422$4,365,011▲ $419,589
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$3,945,422$4,365,011▲ $419,589
Total Liabilities and Net Assets / Fund Balance$4,591,274$4,884,052▲ $292,778

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$51,510$18,731$70,241
Equipment$12,736$23,539$36,275
Other Land Buildings$1,793$5,565$7,358
Buildings$0$0$0
Land$0-$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Glen SimecekPresident & CEOFT$327,564$174,655$502,219
Duncan TaylorSenior Vice PresidentFT$127,970$86,488$214,458
Kyle HaydenControllerFT$118,804$24,914$143,718
Megan ManaganDirector of Public AffairsFT$116,844$23,133$139,977

Board Members and Trustees

NameTitle
Brent BeardallDirector
Bryan McdonaldDirector
Cindy PurcellDirector
Clayton DehaanDirector
David SwartleyDirector
Don StaffordDirector
Eric PearsonDirector
Greg OakesDirector
Jack HeathDirector
Jay ColemanDirector
Jon JonesDirector
Joseph KileyDirector
Kerri SchroederDirector
Laurie StewartDirector
Lisa HefterDirector
Mark MasonDirector
Matt DeinesDirector
Susan HortonDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Davis Wright Tremaine LLPLegal ServicesPO BOX 7410478, SUITE F, Chicago, IL 60674$121,318
Sound Government SolutionsGovernment Relations3110 RUSTON WAY, Tacoma, WA 98402$110,755
Revenue and Support

Revenue Composition

Contributions and Grants
$316,415
Program Service Revenue
$2,109,363
Investment Income
$12,654
Other Revenue
$0
All Other Contributions
$316,415
Change in Net Assets
$57,917
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,203,293
Other Expenses$1,177,222
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$660,307
Conferences and Meetings---$592,221
Other Salaries and Wages---$339,339
Fees for Services Lobbying---$229,000
Fees for Services Legal---$122,934
Pension Plan Contributions---$108,413
Travel---$73,304
Occupancy---$72,220
Payroll Taxes---$57,363
Information Technology---$38,361
Other Employee Benefits---$37,871
Other Expenses---$16,500
Fees for Services Accounting---$15,300
Fees for Services Other---$11,750
Depreciation Depletion---$10,724
Advertising---$8,791
Insurance---$7,878
Office Expenses---$5,557
All Other Expenses---$-82,407
Total Functional Expenses$0$0$0$2,380,515
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$229,000
Total Nondeductible Lobbying and Political Cost$229,000
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Each board member is given a copy of the form 990 prior to filing

Form 990, Part VI, Section B, Line 12C

The policy is monitored on an as needed basis. Before significant board decisions are made the members are asked if they have a conflict of interest and if so they are asked to abstain from voting on the decision.

Form 990, Part VI, Section B, Line 15

Senior management salaries are managed by utilizing an independent third party annual compensation report. The milliman and roberson nw compensation report is used for reference for staff positions.

Form 990, Part VI, Section C, Line 19

BY REQUEST ONLY

Filing and Contact Details

Filer

Filer Name
Washington Bankers Association
EIN
91-0459700
Phone
2064471700
Address
601 UNION STREET SUITE 1720, SEATTLE, WA 98101

Signing Officer

Name
Glen Simecek
Title
President & CEO
Phone
2064471700
Signed
2025-05-14

Organization Details

Principal Officer
Glen Simecek
Formed
1970
Legal Domicile
Wa
Voting Board Members
18
Independent Board Members
18
Employees
5
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

$6,085 net income in wholly owned subsidiary

Raw XML AppendixShowing 400 of 709 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/AccountsReceivableGrp/EOYAmt059357
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE WBA IS COMMITTED TO SUPPORTING AND ADVANCING THE BANKING INDUSTRY IN THE NORTHWEST AND BEYOND
IRS990/AdvertisingGrp/TotalAmt08791
IRS990/AllOtherContributionsAmt0316415
IRS990/AllOtherExpensesGrp/TotalAmt0-82407
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IRS990/BooksInCareOfDetail/PhoneNum02064471700
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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