LAKE WHATCOM RESIDENTIAL AND TREATMENT CENTER (EIN 910844168) - Form 990 Financial Analysis & Trantor Score

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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

1968

Legal Domicile

Principal Officer

JENNY BILLINGS

Phone

3606766000

Tax Period

2024-07-01 to 2025-06-30

LAKE WHATCOM RESIDENTIAL AND TREATMENT CENTER, founded in 1968, is a mid-sized nonprofit in the Mental Health sector that reported $16.7M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $16.1M left a modest 3% surplus.

Mission

PROVIDE LODGING, TREATMENT, AND FOOD FOR CHRONICALLY MENTALLY ILL ADULTS IN NORTHWEST WASHINGTON.

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,920

Program Service Revenue $16,659,809

Investment Income $3,655

Other Revenue $63,011

TOTAL REVENUE $16,733,395

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,982,395

Fundraising Expenses $0

Program Expenses $14,411,615

Other Expenses $4,165,406

TOTAL EXPENSES $16,147,801

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,733,395	$14,187,880	+0.2%
Expenses	$16,147,801	$14,303,936	+0.1%
Net Income	$585,594	$-116,056	-6.0%

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

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

195

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

$411,086

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD EGGEMEYER	PRESIDENT	1.00	Officer Director	$0	$0	$0
GAIL DE HOOG	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
MORGAN FOX	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
BIANCA GORDON	BOARD MEMBER	1.00	Director	$0	$0	$0
HANNAH CANO	BOARD MEMBER	1.00	Director	$0	$0	$0
NICK SEIFTER	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNY BILLINGS	CEO-EXECUTIVE DIRECTOR	40.00	Officer	$221,600	$9,923	$231,523
STEPHANIE ZAPIEN	FINANCE/IT DIRECTOR	40.00	Officer	$169,642	$9,921	$179,563
TANNIS PEURA	OPERATIONS DIRECTOR	40.00	Highest	$159,212	$4,974	$164,186
ANGELA BELCASTER	MEDICAL DIRECTOR	40.00	Highest	$219,359	$9,925	$229,284
DEAN LAMPMAN	QM DIRECTOR	40.00	Highest	$131,983	$4,581	$136,564
LAFARRO WILLIAMS	RESIDENTIAL MANAGER	40.00	Highest	$131,901	$9,758	$141,659
TERRANCE ELLISON	HR DIRECTOR	40.00	Highest	$142,640	$4,998	$147,638

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	$16,733,395	$16,147,801	$7,770,576	$585,594
2024	$14,187,880	$14,303,936	$5,929,295	$-116,056
2023	$13,200,666	$13,224,075	$5,528,655	$-23,409
2022	$12,250,358	$11,786,916	$5,636,186	$463,442
2021	$10,418,288	$9,769,252	$4,754,645	$649,036
2020	$9,911,491	$9,544,701	$4,650,824	$366,790
2019	$8,951,714	$7,616,052	$3,619,719	$1,335,662
2018	$7,345,801	$7,297,948	$2,300,478	$47,853

LAKE WHATCOM RESIDENTIAL AND TREATMENT CENTER