Bellingham Bay Community Boating C… - Form 990 Financial Data

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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

2006

Legal Domicile

Principal Officer

Bryan Rust

Phone

3607148891

Tax Period

2024-01-01 to 2024-12-31

Bellingham Bay Community Boating Center, founded in 2006, is a community nonprofit in the Recreation & Sports sector that reported $1.0M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $236K, a strong 23% operating margin.

Mission

TO FOSTER SMALL-WATERCRAFT EDUCATION, ACCESS, SAFE RECREATION, AND MARINE STEWARDSHIP ON BELLINGHAM BAY.

Program Service Accomplishments

Program 1

Expenses: $571,400 Revenue: $446,590

OUR ORGANIZATION CONTINUES TO GROW, ESPECIALLY WITHIN OUR COMMUNITY ENRICHMENT, YOUTH DEVELOPMENT AND SUMMER CAMP PROGRAMING. WE ARE NOW SECURING GRANT FUNDING TO SUPPORT OUR COMMUNITY ENRICHMENT...

OUR ORGANIZATION CONTINUES TO GROW, ESPECIALLY WITHIN OUR COMMUNITY ENRICHMENT, YOUTH DEVELOPMENT AND SUMMER CAMP PROGRAMING. WE ARE NOW SECURING GRANT FUNDING TO SUPPORT OUR COMMUNITY ENRICHMENT WORK WHICH OFFERS US A FINANCIALLY SUSTAINABLE PATH TO DELIVERING THIS WORK TO THOSE IN NEED. WE ALSO WORKED TO FUNDRAISE AND BUILD OUR NEW WHEELHOUSE BUILDING, WHICH WAS FINISHED IN SPRING OF 2024. THIS BUILDING ALLOWS US TO HOST YEAR ROUND PROGRAMMING OFFERING OUR CAMPUS HEATED BATHROOMS, CHANGING STALLS AND SHOWERS, AND A HEATED MULTIPURPOSE ROOM. WE CONTINUE TO EXPAND OUR FLEET AND FACILITIES TO ACCOMMODATE THE INCREASED DEMAND FOR OUR WORK.

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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 $515,978

Program Service Revenue $446,590

Investment Income $25,599

Other Revenue $14,220

TOTAL REVENUE $1,002,387

Expense Breakdown

Grants Paid $0

Salaries & Benefits $516,943

Fundraising Expenses $2,826

Program Expenses $571,400

Other Expenses $249,907

TOTAL EXPENSES $766,850

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,002,387	$1,342,431	-0.3%
Expenses	$766,850	$770,355	0.0%
Net Income	$235,537	$572,076	-0.6%

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

Volunteers

102

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bryan Rust	Executive Director	40.00		$79,788	$2,394	$82,182
Craig Cooper	Secretary	3.00	Officer Director	$0	$0	$0
Deborah Dempsey	Treasurer	4.00	Officer Director	$0	$0	$0
Kristine Elliot	President	4.00	Officer Director	$0	$0	$0
Genie Fairhart	Director	4.00	Director	$0	$0	$0
Jim Johannessen	Director	3.00	Director	$0	$0	$0
Melanie Lyons	Vice President	3.00	Officer Director	$0	$0	$0
Robin Meyer	Director	2.00	Director	$0	$0	$0
Rurik Nackerud	Director	3.00	Director	$0	$0	$0
Todd Shuster	Director	2.00	Director	$0	$0	$0
Dave Tempero	Director	4.00	Director	$0	$0	$0

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
2024	$1,002,387	$766,850	$1,386,482	$235,537
2023	$1,342,431	$770,355	$1,150,823	$572,076
2022	$605,318	$492,922	$574,210	$112,396
2021	$613,761	$361,480	$462,827	$252,281
2020	$330,616	$210,195	$205,357	$120,421
2018	$289,095	$271,523	$156,337	$17,572

Bellingham Bay Community Boating Center