THE WHATCOM LITERACY COUNCIL (EIN 911220307) - 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

1983

Legal Domicile

Principal Officer

DAVID HALME

Phone

3607528678

Tax Period

2023-01-01 to 2023-12-31

THE WHATCOM LITERACY COUNCIL, founded in 1983, is a small nonprofit that reported $231K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Net assets of $725K represent 38 months of operating reserves.

Mission

TO TEACH ADULTS TO READ, WRITE AND SPEAK ENGLISH.

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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 $172,554

Program Service Revenue $0

Investment Income $20,862

Other Revenue $37,910

TOTAL REVENUE $231,326

Expense Breakdown

Grants Paid $0

Salaries & Benefits $218,785

Fundraising Expenses $15,878

Program Expenses $163,435

Other Expenses $27,647

TOTAL EXPENSES $246,432

Year-over-Year Comparison

	2023	2022	Change
Revenue	$231,326	$265,621	-0.1%
Expenses	$246,432	$237,140	+0.0%
Net Income	$-15,106	$28,481	-1.5%

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

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

Total Directors

$92,603

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID HALME	PRESIDENT	1.00	Officer Director	$0	$0	$0
PAQUI PAREDES MENDEZ	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
TROY BUECHLER	TREASURER	1.00	Officer Director	$0	$0	$0
LIZ PURDY	SECRETARY	1.00	Officer Director	$0	$0	$0
CAROL CHOULOCHAS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL COX	DIRECTOR	1.00	Director	$0	$0	$0
DR BILL GERRITZ	DIRECTOR	1.00	Director	$0	$0	$0
TOBI MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
INDIA NISHI	DIRECTOR	1.00	Director	$0	$0	$0
TRANG NGUYEN	DIRECTOR	1.00	Director	$0	$0	$0
ANDRES PARRA	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE FREIMUND	EXECUTIVE DI	40.00	Director	$92,603	$0	$92,603

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	$231,326	$246,432	$731,228	$-15,106
2022	$265,621	$237,140	$758,403	$28,481
2021	$200,502	$193,663	$765,382	$6,839
2020	$365,759	$188,064	$702,245	$177,695
2019	$255,853	$191,428	$498,949	$64,425
2018	$258,542	$179,919	$406,019	$78,623

THE WHATCOM LITERACY COUNCIL