DOWNTOWN BELLINGHAM ASSOCIATION DBA DOWNTOWN BELLINGHAM PARTNERSHIP

EIN: 311762690 501(c)(3) Community Improvement

BELLINGHAM, WA

Total Revenue
$1,297,125
Total Expenses
$1,090,861
Total Assets
$677,108
Net Assets
$647,832
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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
2014
Legal Domicile
WA
Principal Officer
KEN MANN
Phone
3605278710
Tax Period
2024-01-01 to 2024-12-31

DOWNTOWN BELLINGHAM ASSOCIATION DBA DOWNTOWN BELLINGHAM PARTNERSHIP, founded in 2014, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $206K, a strong 16% operating margin.

Mission

THE DOWNTOWN BELLINGHAM PARTNERSHIP CHAMPIONS THE HEALTH AND VITALITY OF DOWNTOWN BELLINGHAM THROUGH PROMOTION OF COMMERCE, CULTURE AND CELEBRATION.

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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 $720,100
Program Service Revenue $560,994
Investment Income $17,601
Other Revenue $-1,570
TOTAL REVENUE $1,297,125

Expense Breakdown

Grants Paid $20,887
Salaries & Benefits $514,879
Fundraising Expenses $0
Program Expenses $832,295
Other Expenses $555,095
TOTAL EXPENSES $1,090,861

Year-over-Year Comparison

2024 2023 Change
Revenue $1,297,125 $1,387,344 -0.1%
Expenses $1,090,861 $1,257,025 -0.1%
Net Income $206,264 $130,319 +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

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Governance

Voting Members
11
Independent Members
11
Employees
16
Volunteers
120

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
6
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEN MANN CURRENT PRESDIENT 3.00
Officer Director
$0 $0 $0
ROSE LATHROP VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
DAN MURPHY TREASURER 2.00
Officer Director
$0 $0 $0
CHRIS ROSELLI CURRENT SECRETARY 2.00
Officer Director
$0 $0 $0
RHIANNON TROUTMAN 2024 PRESIDENT, MEMBER 2.00
Officer Director
$0 $0 $0
LINETT NARDONE 2024 SECRETARY, MEMBER 2.00
Officer Director
$0 $0 $0
CRAIG JEWELL BOARD MEMBER 2.00
Director
$0 $0 $0
LOGAN MCQUAIG BOARD MEMBER 2.00
Director
$0 $0 $0
AARON HAYNES BOARD MEMBER 2.00
Director
$0 $0 $0
ASHLEY FEJERAN BOARD MEMBER THROUGH OCT 2024 2.00
Director
$0 $0 $0
TYLER SCHROEDER EX-OFFICIO 2.00
Director
$0 $0 $0
HOLLIE HUTHMAN EX-OFFICIO 2.00
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 $1,297,125 $1,090,861 $677,108 $206,264
2023 $1,387,344 $1,257,025 $502,446 $130,319
2022 $931,807 $892,328 $354,867 $39,479
2021 $854,103 $563,878 $326,568 $290,225
2020 $458,766 $495,950 $113,225 $-37,184
2019 $597,038 $622,466 $27,336 $-25,428
2019 $597,038 $622,466 $27,336 $-25,428
2018 $618,377 $589,577 $46,058 $28,800
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