WHATCOM BUSINESS ALLIANCE (EIN 454984520) - Form 990 Financial Analysis & Trantor Score

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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

2013

Legal Domicile

Principal Officer

BARBARA CHASE

Phone

3607460418

Tax Period

2024-01-01 to 2024-12-31

WHATCOM BUSINESS ALLIANCE, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $459K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $425K left a modest 8% surplus.

Mission

PROMOTES BUSINESS SUCCESS, COMMUNITY PROSPERITY, & LOCAL JOB MARKET STIMULATION.

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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 $24,875

Program Service Revenue $369,073

Investment Income $7,336

Other Revenue $58,174

TOTAL REVENUE $459,458

Expense Breakdown

Grants Paid $800

Salaries & Benefits $245,867

Fundraising Expenses $0

Other Expenses $177,958

TOTAL EXPENSES $424,625

Year-over-Year Comparison

	2024	2023	Change
Revenue	$459,458	$415,504	+0.1%
Expenses	$424,625	$426,509	0.0%
Net Income	$34,833	$-11,005	-4.2%

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

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

$124,327

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSH WRIGHT	CHAIR	1.00	Officer Director	$0	$0	$0
PAM BRADY	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
DOUG THOMAS	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
JOSH TURRELL	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
JOHN HUNTLEY	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
JANE CARTEN	MEMBER	1.00	Director	$0	$0	$0
BRYANT ENGEBRETSON	MEMBER	1.00	Director	$0	$0	$0
JON ENSCH	MEMBER	1.00	Director	$0	$0	$0
MITCH FABER	MEMBER	1.00	Director	$0	$0	$0
JIM HAUPT	MEMBER	1.00	Director	$0	$0	$0
SANDY KEATHLEY	MEMBER	1.00	Director	$0	$0	$0
TONY LARSON	MEMBER	1.00	Director	$0	$0	$0
SARAH ROTHENBUHLER	MEMBER	1.00	Director	$0	$0	$0
PATRICK SCHUPPERT	MEMBER	1.00	Director	$0	$0	$0
BILLY VANZANTEN	MEMBER	1.00	Director	$0	$0	$0
BARBARA CHASE	EXECUTIVE DIRECTOR	40.00	Officer	$114,327	$10,000	$124,327

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	$459,458	$424,625	$198,257	$34,833
2023	$415,504	$426,509	$163,545	$-11,005
2022	$485,937	$446,394	$185,650	$39,543
2021	$369,516	$358,928	$100,975	$10,588
2020	$291,326	$333,073	$90,387	$-41,747
2019	$347,008	$363,195	$132,134	$-16,187
2018	$353,839	$346,911	$153,853	$6,928

WHATCOM BUSINESS ALLIANCE