FRIENDS OF VANCOUVER FOUNDATION

EIN: 460523096 501(c)(3) Philanthropy & Grantmaking

Seattle, WA

Total Revenue
$4,051,515
Total Expenses
$3,471,452
Total Assets
$580,549
Net Assets
$580,247
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
WA
Principal Officer
Kevin McCort
Phone
6046882204
Tax Period
2024-01-01 to 2024-12-31

FRIENDS OF VANCOUVER FOUNDATION, founded in 2009, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 199% from the prior year, signaling strong growth momentum. Expenses of $3.5M left a modest 14% surplus.

Mission

To support the charitable activities of the Vancouver Foundation.

Program Service Accomplishments

Program 1
Expenses: $3,471,452 Revenue: $4,051,515

PROGRAM 1 - GRANTS PROVIDED TO THE VANCOUVER FOUNDATION IN 2024 FRIENDS OF VANCOUVER FOUNDATION ACCEPTED DONATIONS OF $4,051,515. IN TURN FRIENDS OF VANCOUVER FOUNDATION IS ONLY PERMITTED TO MAKE...

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PROGRAM 1 - GRANTS PROVIDED TO THE VANCOUVER FOUNDATION IN 2024 FRIENDS OF VANCOUVER FOUNDATION ACCEPTED DONATIONS OF $4,051,515. IN TURN FRIENDS OF VANCOUVER FOUNDATION IS ONLY PERMITTED TO MAKE GRANTS TO VANCOUVER FOUNDATION. IN 2024 THIS RESULTED IN A TOTAL OF $3,469,834 IN GRANTS TO SUPPORT THE CHARITABLE INITIATIVES OF VANCOUVER FOUNDATION. THE REMAINING EXPENSES OF $1,618 RELATES TO LEGAL AND BANK FEES TO FACILITATE THE TRANSACTIONS DESCRIBED ABOVE.

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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 $4,051,515
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $4,051,515

Expense Breakdown

Grants Paid $3,469,834
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,471,452
Other Expenses $1,618
TOTAL EXPENSES $3,471,452

Year-over-Year Comparison

2024 2023 Change
Revenue $4,051,515 $1,355,857 +2.0%
Expenses $3,471,452 $1,375,264 +1.5%
Net Income $580,063 $-19,407 -30.9%
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

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Governance

Voting Members
3
Independent Members
1
Employees
N/A
Volunteers
3

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
2
$478,134
Total Directors
3
$478,134
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kevin McCort President and Director 0.00
Officer Director
$0 $9,084 $292,221
Eugene Lee Vice President and Secretary and Treasurer and Director 0.00
Officer Director
$0 $20,528 $185,913
Roger Lee Director 0.00
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
2025 No data No data No data No data
2024 $4,051,515 $3,471,452 $580,549 $580,063
2023 $1,355,857 $1,375,264 $184 $-19,407
2022 $624,405 $684,976 $20,173 $-60,571
2021 $380,445 $300,912 $81,332 $79,533
2020 $2,787,551 $2,787,841 $629 $-290
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