WHIDBEY COMMUNITY 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

2016

Legal Domicile

Principal Officer

STEVE SHAPIRO

Phone

3606605041

Tax Period

2023-01-01 to 2023-12-31

WHIDBEY COMMUNITY FOUNDATION, founded in 2016, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.9M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $1.5M, a strong 53% operating margin.

Mission

STRENGTHENING THE COMMUNITIES OF WHIDBEY ISLAND FOR BOTH PRESENT AND FUTURE GENERATIONS.

Program Service Accomplishments

Program 1

Expenses: $1,172,825 Revenue: $11,375

PROVIDED GRANTS TO 78 NONPROFIT SERVICE ORGANIZATIONS ON WHIDBEY ISLAND. AS OF DECEMBER 31, 2023, THE ORGANIZATION HAS 12 DONOR ADVISED FUNDS. PROVIDED CAPACITY-BUILDING WORKSHOPS FREE OR LOW-COST TO NONPROFIT SERVING WHIDBEY ISLAND. SERVES AS THE FISCAL SPONSOR, PROVIDING STAFF SUPPORT, FOR THE COUNTY'S EARLY LEARNING COALITION-PARTNERS FOR YOUNG CHILDREN IN ISLAND COUNTY.

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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 $2,715,378

Program Service Revenue $0

Investment Income $131,058

Other Revenue $11,375

TOTAL REVENUE $2,857,811

Expense Breakdown

Grants Paid $1,089,420

Salaries & Benefits $128,379

Fundraising Expenses $60,527

Program Expenses $1,172,825

Other Expenses $120,696

TOTAL EXPENSES $1,346,805

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,857,811	$3,047,195	-0.1%
Expenses	$1,346,805	$764,294	+0.8%
Net Income	$1,511,006	$2,282,901	-0.3%

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

$82,606

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARA KELLY	MEMBER	2.00	Officer Director	$0	$0	$0
STEVE SHAPIRO	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
HELEN PRICE JOHNSON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBIN HERTLEIN	MEMBER	1.00	Director	$0	$0	$0
BILL LARSEN	MEMBER	1.00	Director	$0	$0	$0
GEORGE SAUL	MEMBER	1.00	Director	$0	$0	$0
JERRY MILLHON	MEMBER	1.00	Director	$0	$0	$0
NANCY CONARD	PRESIDENT	3.00	Officer Director	$0	$0	$0
AISHA MAYFIELD	MEMBER	1.00	Director	$0	$0	$0
ANSEL SANTOSA	MEMBER	1.00	Director	$0	$0	$0
JASON JOINER	MEMBER	1.00	Director	$0	$0	$0
JEFF NATTER	MEMBER	1.00	Director	$0	$0	$0
JESSICA WHITE	EXECUTIVE DIRECTOR	28.00	Officer	$80,200	$2,406	$82,606

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	$2,857,811	$1,346,805	$4,843,937	$1,511,006
2022	$3,047,195	$764,294	$3,222,468	$2,282,901
2021	$767,806	$509,530	$1,010,349	$258,276
2020	$849,027	$430,582	$712,644	$418,445
2019	$238,617	$75,668	$244,124	$162,949