Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 3 · Investment income

  total $2,125,197 · excluded $2,125,197

• 7a · Gross sales of assets other than inventory

  securities $73,433,315 · other assets $1,073,540

• 7b · Less cost or other basis and sales expenses

  securities $75,979,590 · other assets $1,230,515

• 7c · Gain or loss

  securities -$2,546,275 · other assets -$156,975

• 7d · Net gain or loss

  total -$2,703,250 · excluded -$2,703,250

• 11a · Other revenue: INV INC FROM AFFILIATE

  total $3,787,021 · excluded $3,787,021

• 11e · Other revenue, total

  $3,787,021

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $119,425 · program services $119,425

• 5 · Compensation of officers, directors and key employees

  total $1,099,913 · program services $932,853 · management and general $167,060

• 7 · Other salaries and wages

  total $3,743,987 · program services $2,297,544 · management and general $1,446,443

• 11a · Fees: management

  total $1,570,731 · program services $1,066,849 · management and general $503,882

• 11b · Fees: legal

  total $363,241 · program services $14,112 · management and general $349,129

• 11c · Fees: accounting

  total $19,746 · management and general $19,746

• 11f · Fees: investment management

  total $14,258 · management and general $14,258

• 11g · Fees: other

  total $2,625,516 · management and general $2,625,516

• 12 · Advertising and promotion

  total $302,092 · management and general $302,092

• 13 · Office expenses

  total $44,101 · management and general $44,101

• 14 · Information technology

  total $40,729 · management and general $40,729

• 16 · Occupancy

  total $23,484 · program services $15,660 · management and general $7,824

• 17 · Travel

  total $263,664 · management and general $263,664

• 19 · Conferences, conventions and meetings

  total $67,073 · management and general $67,073

• 22 · Depreciation, depletion and amortization

  total $3,653,950 · management and general $3,653,950

• 23 · Insurance

  total $200,065 · management and general $200,065

• 24a · Other expenses: LOSS ON FOREIGN EXCHANG

  total $294,855 · management and general $294,855

• 24b · Other expenses: TAXES & SERVICE CHARGES

  total $61,333 · management and general $61,333

• 24c · Other expenses: DUES & SUBSCRIPTIONS

  total $7,681 · management and general $7,681

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $21,071,606 · end of year $4,259,446

• 2 · Savings and temporary cash investments

  beginning of year $327,206 · end of year $3,213,668

• 4 · Accounts receivable

  beginning of year $348,082 · end of year $817,412

• 10a · Land, buildings and equipment: cost or other basis

  $10,462,557

• 10b · Land, buildings and equipment: accumulated depreciation

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $10,462,557

• 11 · Investments: publicly traded securities

  beginning of year $62,546,209 · end of year $81,463,937

• 12 · Investments: other securities

  end of year -$1,653,672

• 13 · Investments: program-related

  beginning of year $69,314,322 · end of year $75,198,012

• 14 · Intangible assets

  beginning of year $4,956 · end of year $4,946

• 15 · Other assets

  beginning of year $98,469 · end of year $157,048

• 17 · Accounts payable and accrued expenses

  beginning of year $469,573 · end of year $1,128,315

• 27 · Net assets without donor restrictions

  beginning of year $153,241,277 · end of year $172,795,039

The filer's explanations (Part III)

PART I, LINE 3

WDS DOES NOT COMPENSATE ANY EMPLOYEES. WDS IS ALLOCATED A PORTION OF CERTAIN DDWA EXECUTIVE COMPENSATION FOR SERVICES PROVIDED TO WDS. DDWA, A RELATED ORGANIZATION, HAS A HUMAN RESOURCES AND COMPENSATION COMMITTEE (HRCC) OF ITS BOARD OF DIRECTORS THAT ENGAGES A QUALIFIED INDEPENDENT COMPENSATION AND BENEFITS SPECIALIST (INDEPENDENT EXPERT) TO EVALUATE ALL KEY EMPLOYEES' COMPENSATION IN COMPARISON TO THE PRACTICE OF SIMILAR EMPLOYERS IN THE MARKETPLACE. THIS PROCESS IS CONDUCTED ON AN ANNUAL BASIS.

PART I, LINE 4B

A RELATED ORGANIZATION MAKES CONTRIBUTIONS TO A NONQUALIFIED PERFORMANCE BASED COMPENSATION PLAN, AS DETERMINED BY THE BOARD OF DIRECTORS, WHICH IS SUBJECT TO CODE SECTION 457(B). PLAN PARTICIPANTS ARE BOARD-APPROVED EXECUTIVE LEADERSHIP WHO RECEIVES AN ANNUAL CONTRIBUTION BASED ON A PERCENTAGE OF THE PRIOR YEAR EARNINGS LESS THE COMPANY MATCHING CONTRIBUTION TO THE 401(K) PLAN. COMPANY CONTRIBUTIONS ARE DIRECTED BY EACH PARTICIPANT, BUT VESTING OF THE BENEFIT IS SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE AS REQUIRED BY CODE SECTION 409(A). CONTRIBUTIONS MADE IN 2024 WERE AS FOLLOWS: MARK MITCHKE, PRESIDENT AND CHIEF EXECUTIVE OFFICER, $478,239; RYAN BARTLETT, VP CHIEF FINANCIAL OFFICER, $40,339; GARRETT WHITNEY, SENIOR VP CHIEF INFORMATION OFFICER, $74,974; DIANE LOWRY-OAKES, CHIEF MISSION OFFICER, $41,904; DAVIS FOSTER, VP CORPORATE DEVELOPMENT, $49,211. IN ADDITION, A RELATED ORGANIZATION OFFERS A 457(B) NONQUALIFIED SERP DEFERRED COMPENSATION PLAN FOR SENIOR MANAGEMENT THAT THE COMPANY DOES NOT MAKE ANY CONTRIBUTIONS TO. EACH OF THE FOLLOWING PARTICIPANTS CONTRIBUTED $23,000 TO THE PLAN DURING 2024: MARK MITCHKE, BRADLEY BERG, GARRETT WHITNEY, DIANE LOWERY-OAKES. EACH OF THE FOLLOWING PARTICIPANTS CONTRIBUTED $10,000 TO THE PLAN: RYAN BARTLETT.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• INSTITUTE OF ORAL HEALTH

  ORAL HEALTH EDUCATION · WA · income $0 · assets $12,223

  Directly controlled by WDS

• WDS HOLDINGS LLC

  INV ORAL HEALTH · WA · income $109,468 · assets $567,510

  Directly controlled by WDS

• SPRINGROCK VENTURES LLC

  INV ORAL HEALTH · WA · income $165,525 · assets $11,634,256

  Directly controlled by WDS

• SRV2 LLC

  LP IN SRVII · WA · income $59,262 · assets $18,577,774

  Directly controlled by WDS

• SRV3 LLC

  LP IN SRVIII · WA · income -$485,290 · assets $2,814,710

  Directly controlled by WDS

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• SPRINGROCK VENTURES II LP

  RELATED · INVEST ORAL HEALTH · DE · 40.82% owned · share of income $285,541 · share of assets $18,708,885 · general or managing partner

  Directly controlled by SRMC

• SPRINGROCK VENTURES III LP

  RELATED · INVEST ORAL HEALTH · DE · 55.56% owned · share of income $23,522 · share of assets $2,942,083 · general or managing partner

  Directly controlled by SRMC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• SPRINGROCK MANAGEMENT COMPANY (SRMC)

  C · MGMT/GP IN SRV II · WA · 100% owned · share of income $1,490,000 · share of assets $849,459 · controlled entity

  Directly controlled by WDS

• TRIFORZA CORP

  C · DENTAL BENEFITS TECH SERVICES · WA · 100% owned · controlled entity

  Directly controlled by WDS

• 8 WEST REVOLUTION TECHNOLOGIES LIMITED

  C · CONSULTING AND SOFTWARE DEVELOPMENT COMPANY · EI · 50% owned · share of income $3,764,000 · share of assets $8,368,500

  Directly controlled by WDS