North Bend Downtown Foundation

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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

2012

Legal Domicile

Principal Officer

Laurie Hay

Phone

7347558934

Tax Period

2023-01-01 to 2023-12-31

North Bend Downtown Foundation, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $226K in total revenue in fiscal year 2023. Revenue surged 1065% from the prior year, signaling strong growth momentum. The organization ran a surplus of $50K, a strong 22% operating margin.

Mission

North Bend Downtown Foundation provides support services and Ambassadors for Promoting Business in Downtown North Bend, WA. The Agency promotes several annual downtown events to raise funds and promote business

Program Service Accomplishments

Program 1

Expenses: $41,755 Revenue: $23,955

North Bend Downtown Block Party

Program 2

Expenses: $20,718 Revenue: $30,864

Sip Suds Si

Program 3

Expenses: $34,852 Revenue: $13,400

Holly Days - Seasonal Lighting

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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 (2023)

Revenue Breakdown

Contributions & Grants $130,409

Program Service Revenue $95,646

Investment Income $0

Other Revenue $0

TOTAL REVENUE $226,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,626

Fundraising Expenses $0

Program Expenses $116,406

Other Expenses $152,237

TOTAL EXPENSES $175,863

Year-over-Year Comparison

	2023	2022	Change
Revenue	$226,055	$19,400	+10.7%
Expenses	$175,863	N/A	N/A
Net Income	$50,192	$19,400	+1.6%

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

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

$27,043

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Beth Burrows	Past President	10.00	Director	$0	$0	$0
Craig Glazier	Board Member	1.00	Director	$0	$0	$0
Lucas Haines	Board Member	5.00	Director	$0	$0	$0
Britni Larson	President	5.00	Director	$0	$0	$0
Jason Glazier	Treasurer	1.00	Director	$0	$0	$0
Jessica Nelson	Executive Director	40.00	Key Emp	$27,043	$0	$27,043
Gaila Haas	Board Member	1.00	Director	$0	$0	$0
Suzan Torguson	Board Member	1.00	Director	$0	$0	$0
Laurie Hay	Incoming President	1.00	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	No data	No data	No data	No data
2023	$226,055	$175,863	$125,871	$50,192