WHATCOM LAND TRUST (EIN 911246994) - 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

1984

Legal Domicile

Principal Officer

Rachel Vasak

Phone

3607331010

Tax Period

2024-07-01 to 2025-06-30

WHATCOM LAND TRUST, founded in 1984, is a community nonprofit in the Environment sector that reported $2.2M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $548K, a strong 25% operating margin.

Mission

Protecting the rich and vibrant lands for a healthy, thriving Whatcom County for generations to come.

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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 $1,965,852

Program Service Revenue $151,508

Investment Income $154,440

Other Revenue $-53,055

TOTAL REVENUE $2,218,745

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,000,854

Fundraising Expenses $182,049

Program Expenses $1,222,608

Other Expenses $652,119

TOTAL EXPENSES $1,670,346

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,218,745	$2,365,384	-0.1%
Expenses	$1,670,346	$1,387,192	+0.2%
Net Income	$548,399	$978,192	-0.4%

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

507

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

$199,114

Total Directors

$199,114

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jenn Mackey	Interim Executive Director (Co-Ed Sep-Dec)	40	Officer Director	$93,276	$9,631	$102,907
Alex Jeffers	Interim Executive Director (July-Aug, Co-ED Sep-Dec)	40	Officer Director	$86,046	$10,161	$96,207
Rachel Vasak	Executive Director (Jan-Jun)	40	Officer Director	$0	$0	$0
Hall Walker	President	5	Officer Director	$0	$0	$0
David Brown	Vice President	1	Officer Director	$0	$0	$0
Jennifer Wright	Treasurer	1	Officer Director	$0	$0	$0
Lynne Givler	Secretary	1	Officer Director	$0	$0	$0
Lynn Berman	Director	1	Director	$0	$0	$0
Rand Jack	Director	1	Director	$0	$0	$0
John D Onofrio	Director	1	Director	$0	$0	$0
Jason Hatch	Director	1	Director	$0	$0	$0
Pat Stevenson	Director	1	Director	$0	$0	$0
Chris Moench	Director	0	Director	$0	$0	$0
Jennifer Parker	Director	1	Director	$0	$0	$0
Laughlan Clark - served thru Dec 24	Director	1	Director	$0	$0	$0
Leaf Schumann	Director	1	Director	$0	$0	$0
Nicole Barrett - joined June 25	Director	1	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
2025	$2,218,745	$1,670,346	$33,559,765	$548,399
2024	$2,365,384	$1,387,192	$32,873,887	$978,192
2023	$1,893,206	$1,142,652	$31,235,762	$750,554
2022	$2,561,474	$1,051,825	$31,375,042	$1,509,649
2022	$2,561,474	$1,051,825	$31,375,042	$1,509,649
2021	$3,285,018	$970,073	$29,894,444	$2,314,945
2020	$2,428,248	$1,004,278	$27,779,173	$1,423,970
2019	$2,792,165	$922,583	$25,812,335	$1,869,582
2018	$2,292,667	$893,800	$23,853,285	$1,398,867

WHATCOM LAND TRUST