WASHINGTON ATHLETIC CLUB FOUNDATION

EIN: 823377518 501(c)(3) Arts, Culture & Humanities

SEATTLE, WA

Total Revenue
$303,968
Total Expenses
$145,617
Total Assets
$720,581
Net Assets
$720,581
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
WA
Principal Officer
GREGG BLODGETT
Phone
2068394797
Tax Period
2024-08-01 to 2025-07-31

WASHINGTON ATHLETIC CLUB FOUNDATION, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $304K in total revenue in fiscal year 2024. Revenue surged 697% from the prior year, signaling strong growth momentum. The organization ran a surplus of $158K, a strong 52% operating margin.

Mission

TO PRESERVE AND ENHANCE THE HISTORICALLY AND ARCHITECTURALLY SIGNIFICANT BUILDING, WAC CLUBHOUSE, LOCATED AT 1325 SIXTH AVENUE IN SEATTLE, WASHINGTON.

Program Service Accomplishments

Program 1
Expenses: $142,400 Revenue: $0

PRESERVATION AND ENHANCEMENT OF THE WAC CLUBHOUSE, BUILT IN 1930. THIS BUILDING IS DEDICATED TO THE ADVANCEMENT OF THE AMATEUR ATHLETIC AND SOCIAL ACTIVITIES OF SEATTLE AND THE PACIFIC NORTHWEST. THE...

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PRESERVATION AND ENHANCEMENT OF THE WAC CLUBHOUSE, BUILT IN 1930. THIS BUILDING IS DEDICATED TO THE ADVANCEMENT OF THE AMATEUR ATHLETIC AND SOCIAL ACTIVITIES OF SEATTLE AND THE PACIFIC NORTHWEST. THE ORIGINAL CLUBHOUSE JOINED THE NATIONAL REGISTER OF HISTORIC PLACES IN 2018. SHORTLY THEREAFTER, THE WAC FOUNDATION WAS INTRODUCED. THE FOUNDATION'S SINGULAR PURPOSE IS TO PRESERVE AND ENHANCE THE WAC CLUBHOUSE. FUNDS RAISED BY THE FOUNDATION GO DIRECTLY TO CLUBHOUSE IMPROVEMENTS.

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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 $224,438
Program Service Revenue $0
Investment Income $79,530
Other Revenue $0
TOTAL REVENUE $303,968

Expense Breakdown

Grants Paid $142,400
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $142,400
Other Expenses $3,217
TOTAL EXPENSES $145,617

Year-over-Year Comparison

2024 2023 Change
Revenue $303,968 $38,117 +7.0%
Expenses $145,617 $190,047 -0.2%
Net Income $158,351 $-151,930 -2.0%
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
N/A
Volunteers
9

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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TAMMY YOUNG PRESIDENT 4.00
Officer Director
$0 $0 $0
CHUCK NELSON SECRETARY 2.00
Officer Director
$0 $0 $0
GREGG BLODGETT TREASURER (FROM 03/25) 2.00
Officer Director
$0 $0 $0
JEFF ATKIN DIRECTOR 1.00
Director
$0 $0 $0
MELISSA BORDERS DIRECTOR (THRU 10/24) 1.00
Director
$0 $0 $0
JENNIFER PORTO DIRECTOR (THRU 10/24) 1.00
Director
$0 $0 $0
RODGER WYLIE DIRECTOR 1.00
Director
$0 $0 $0
ROB DUNLOP DIRECTOR 1.00
Director
$0 $0 $0
RENA WONG TREASURER (THRU 03/25), CFO, WAC 1.00
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 $303,968 $145,617 $720,581 $158,351
2024 $38,117 $190,047 $567,178 $-151,930
2023 $142,845 $175,010 $723,221 $-32,165
2022 $223,404 $18 $710,172 $223,386
2021 $338,377 $3,630 $533,972 $334,747
2020 $200,108 $1,883 $202,531 $198,225
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