WHATCOM COUNTY LIBRARY FOUNDATION

EIN: 861140451 501(c)(3) Education

BELLINGHAM, WA

Total Revenue
$206,090
Total Expenses
$89,358
Total Assets
$199,011
Net Assets
$191,511
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
WA
Phone
3603053600
Tax Period
2018-01-01 to 2018-12-31

WHATCOM COUNTY LIBRARY FOUNDATION, founded in 2009, is a small nonprofit in the Education sector that reported $206K in total revenue in fiscal year 2018. Revenue surged 128% from the prior year, signaling strong growth momentum. The organization ran a surplus of $117K, a strong 57% operating margin.

Mission

PROMOTE LITERACY

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $200,387
Program Service Revenue $0
Investment Income $385
Other Revenue $5,318
TOTAL REVENUE $206,090

Expense Breakdown

Grants Paid $71,705
Salaries & Benefits $3,486
Fundraising Expenses $0
Program Expenses $87,839
Other Expenses $14,167
TOTAL EXPENSES $89,358

Year-over-Year Comparison

2018 2017 Change
Revenue $206,090 $90,532 +1.3%
Expenses $89,358 $81,016 +0.1%
Net Income $116,732 $9,516 +11.3%
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

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Governance

Voting Members
9
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRAD CORNWELL TRUSTEE LIASON 0.00
Director
$0 $0 $0
MARY KANIKEBERG Director 0.00
Director
$0 $0 $0
DALE KINSLEY Director 0.00
Director
$0 $0 $0
MARYANN KOHL Director 0.00
Director
$0 $0 $0
DICK LITTLE Director 0.00
Director
$0 $0 $0
TRISH NAVARRE Treasurer 0.00
Officer Director
$0 $0 $0
CAT WALLACE Secretary 0.00
Officer Director
$0 $0 $0
PETER YOUNG Chairman 0.00
Officer Director
$0 $0 $0
PAUL STEERE Director 0.00
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
2018 $206,090 $89,358 $199,011 $116,732
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