LAKE WHATCOM CENTER FOUNDATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

JENNY BILLINGS

Phone

3606766000

Tax Period

2024-07-01 to 2025-06-30

LAKE WHATCOM CENTER FOUNDATION, founded in 2005, is a community nonprofit in the Unknown sector that reported $1.9M in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $1.8M left a modest 9% surplus.

Mission

THE PURPOSE OF LAKE WHATCOM CENTER FOUNDATION IS TO PROVIDE SERVICE, ACQUIRE REAL PROPERTY, AND HOLD, ADMINISTER, CONSERVE AND IMPROVE PROPERTY PREVIOUSLY OWNED BY LAKE WHATCOM RESIDENTIAL AND TREATMENT CENTER.

Program Service Accomplishments

Program 1

Expenses: $580,398 Revenue: $973,218

TO PROVIDE FACILITIES FOR ITS AFFILIATE LAKE WHATCOM RESIDENTIAL & TREATMENT CENTER, A 501(C)(3) ORGANIZATION.

Program 2

Expenses: $333,268 Revenue: $63,944

TO PROVIDE SHORT-TERM ACCOMODATIONS FOR CLIENTS REQUIRING TRANSITIONAL HOUSING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $826,205

Program Service Revenue $1,037,162

Investment Income $61,146

Other Revenue $15,000

TOTAL REVENUE $1,939,513

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $913,666

Other Expenses $1,764,753

TOTAL EXPENSES $1,764,753

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,939,513	$2,866,229	-0.3%
Expenses	$1,764,753	$1,516,435	+0.2%
Net Income	$174,760	$1,349,794	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$411,086

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD EGGEMEYER	PRESIDENT	1.00	Officer Director	$0	$0	$0
GAIL DE HOOG	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
MORGAN FOX	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
HANNAH CANNO	BOARD MEMBER	1.00	Director	$0	$0	$0
BIANCA GORDON	BOARD MEMBER	1.00	Director	$0	$0	$0
NICK SEIFTER	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNY BILLINGS	CEO/EXECUTIVE DIRECTOR	4.00	Officer	$0	$9,923	$231,523
STEPHANIE ZAPIEN	FINANCE/IT DIRECTOR	1.00	Officer	$0	$9,921	$179,563
LAMPMAN DEAN	QM DIRECTOR	1.00	Highest	$0	$4,581	$136,564
TERRENCE ELLISON	HR DIRECTOR	1.00	Highest	$0	$4,998	$147,638
LAFARRO WILLIAMS	RESIDENTIAL MANAGER	1.00	Highest	$0	$9,758	$141,659
TANNIS PEURA	OPERATIONS DIRECTOR	1.00	Highest	$0	$4,974	$164,186
ANGELA BELCASTER	MEDICAL DIRECTOR	1.00	Highest	$0	$9,925	$229,284

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$1,939,513	$1,764,753	$31,493,304	$174,760
2024	$2,866,229	$1,516,435	$28,519,401	$1,349,794
2023	$1,078,248	$931,513	$27,286,348	$146,735
2022	$1,236,658	$900,523	$23,035,665	$336,135
2021	$1,190,665	$882,639	$22,118,851	$308,026
2020	$1,327,288	$780,112	$21,182,824	$547,176
2019	$1,775,236	$705,962	$19,902,585	$1,069,274
2018	$1,082,688	$751,072	$17,784,120	$331,616