Whatcom Working Waterfront Foundat… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

Peter Granger

Phone

3602233994

Tax Period

2025-01-01 to 2025-12-31

Whatcom Working Waterfront Foundation, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $444K in total revenue in fiscal year 2025. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $494K exceeded revenue, resulting in a 11% operating deficit.

Mission

The Whatcom Working Waterfront Foundation develops and supports educational programs to enhance the maritime sector of Whatcom County.

Program Service Accomplishments

Program 1

Expenses: $269,108 Revenue: $23,870

Apprentice and pre-apprentice educational programs geared to lead students to become Marine Service Technicians.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $417,833

Program Service Revenue $23,870

Investment Income $1,940

Other Revenue $0

TOTAL REVENUE $443,643

Expense Breakdown

Grants Paid $41,884

Salaries & Benefits $162,215

Fundraising Expenses $18,004

Program Expenses $269,108

Other Expenses $290,302

TOTAL EXPENSES $494,401

Year-over-Year Comparison

	2025	2024	Change
Revenue	$443,643	$382,404	+0.2%
Expenses	$494,401	$232,465	+1.1%
Net Income	$-50,758	$149,939	-1.3%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Todd Shuster	President	0.50	Officer	$0	$0	$0
Ficus Chan	Secretary	0.50	Officer	$0	$0	$0
Steve Walker	Vice President	0.50	Officer	$0	$0	$0
Pete Granger	Treasurer	0.50	Officer	$0	$0	$0
Deb Dempsey	Director	0.50	Officer	$0	$0	$0
Steve Seymore	Director	0.50	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	$443,643	$494,401	$103,756	$-50,758
2024	$382,404	$232,465	$154,871	$149,939

Whatcom Working Waterfront Foundation