WASHINGTON HOME BUILDERS FOUNDATION

EIN: 460667648 501(c)(3) Education

Tumwater, WA

Total Revenue
$551,784
Total Expenses
$235,694
Total Assets
$390,980
Net Assets
$372,313
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
WA
Principal Officer
Greg Lane
Phone
3603527800
Tax Period
2025-01-01 to 2025-12-31

WASHINGTON HOME BUILDERS FOUNDATION, founded in 2012, is a small nonprofit in the Education sector that reported $552K in total revenue in fiscal year 2025. Revenue surged 330% from the prior year, signaling strong growth momentum. The organization ran a surplus of $316K, a strong 57% operating margin.

Mission

Founded in 2012 by the Building Industry Association of Washington, the Washington Home Builders Foundation (WHBF) empowers and inspires the next generation of builders by advancing building-related education and unlocking academic opportunities and career possibilities while fostering a culture of innovation, enthusiasm and excellence in the building industry.

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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 (2025)

Revenue Breakdown

Contributions & Grants $542,551
Program Service Revenue $0
Investment Income $9,233
Other Revenue $0
TOTAL REVENUE $551,784

Expense Breakdown

Grants Paid $68,462
Salaries & Benefits $95,122
Fundraising Expenses $8,940
Program Expenses $226,754
Other Expenses $72,110
TOTAL EXPENSES $235,694

Year-over-Year Comparison

2025 2024 Change
Revenue $551,784 $128,271 +3.3%
Expenses $235,694 $78,695 +2.0%
Net Income $316,090 $49,576 +5.4%
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

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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
6
Independent Members
6
Employees
3
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
7
$0
Total Directors
0
$0
Key Employees
1
$395,504
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Greg Lane Executive Vice President 0.1
Key Emp
$0 $30,984 $395,504
Corey Condron President 0.1
Officer
$0 $0 $0
Bob Camp Vice President 0.1
Officer
$0 $0 $0
Sue Elkin Secretary 0.1
Officer
$0 $0 $0
Aaron Marvin BIAW 1st Vice President 0.1
Officer
$0 $0 $0
Troy Schmeil Director 0.1
Officer
$0 $0 $0
Becky Rieger Director 0.1
Officer
$0 $0 $0
Curtis Banta Director 0.1
Officer
$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 $551,784 $235,694 $390,980 $316,090
2024 $128,271 $78,695 $57,889 $49,576
2023 $93,534 $97,948 $10,787 $-4,414
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