WHATCOM-SKAGIT HOUSING (EIN 911005103) - 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

1976

Legal Domicile

Principal Officer

JULIA MENKEE

Phone

3603980223

Tax Period

2023-01-01 to 2023-12-31

WHATCOM-SKAGIT HOUSING, founded in 1976, is a small nonprofit in the Housing & Shelter sector that reported $981K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $365K, a strong 37% operating margin.

Mission

TO SUPPORT FAMILIES LOCATED IN WHATCOM AND SKAGIT COUNTIES BY IMPROVING THE LIVING CONDITIONS OF LOCAL FAMILIES AND TO HELP PROVIDE HOUSING FOR PEOPLE AT OR BELOW 80% OF THE COUNTY MEDIAN INCOME.

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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 $585,317

Program Service Revenue $0

Investment Income $379,458

Other Revenue $16,668

TOTAL REVENUE $981,443

Expense Breakdown

Grants Paid $0

Salaries & Benefits $533,565

Fundraising Expenses $0

Program Expenses $449,552

Other Expenses $82,669

TOTAL EXPENSES $616,234

Year-over-Year Comparison

	2023	2022	Change
Revenue	$981,443	$709,886	+0.4%
Expenses	$616,234	$537,633	+0.1%
Net Income	$365,209	$172,253	+1.1%

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

$72,532

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NOLAN SCOTT	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUE STURGILL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JULIA MENKEE	EXECUTIVE DIRECTOR	40.00	Officer	$72,532	$0	$72,532
JON MUTCHLER	SECRETARY	1.00	Officer Director	$0	$0	$0
RICK HOAG	BOARD MEMBER AT LARGE	1.00	Director	$0	$0	$0
TIM NORTHROP	TREASURER	1.00	Officer 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
2024	No data	No data	No data	No data
2023	$981,443	$616,234	$7,782,951	$365,209
2022	$709,886	$537,633	$4,657,477	$172,253
2021	$717,109	$586,696	$4,587,356	$130,413
2020	$1,015,206	$661,931	$4,705,296	$353,275
2019	$768,118	$596,807	$4,268,891	$171,311
2018	$867,576	$557,930	$4,099,316	$309,646

WHATCOM-SKAGIT HOUSING