LAKE WHATCOM CENTER FOUNDATION

EIN: 203209113 501(c)(3) Unknown

BELLINGHAM, WA

Total Revenue
$1,939,513
Total Expenses
$1,764,753
Total Assets
$31,493,304
Net Assets
$21,716,063
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
WA
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

PROVIDE SERVICE, ACQUIRE REAL PROPERTY, AND HOLD, ADMINISTER, CONSERVE AND IMPROVE PROPERTY PREVIOUSLY OWNED BY LAKE WHATCOM RESIDENTIAL AND TREATMENT CENTER.

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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%)

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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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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
5
$411,086
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
5
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
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