Old Fairhaven Association DBA Fairhaven Association

EIN: 911257046

Bellingham, WA

Total Revenue
$260,359
Total Expenses
$234,385
Total Assets
$83,909
Net Assets
$81,967
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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
WA
Phone
3603668246
Tax Period
2024-01-01 to 2024-12-31

Old Fairhaven Association DBA Fairhaven Association, founded in 1984, is a small nonprofit that reported $260K in total revenue in fiscal year 2024. Expenses of $234K left a modest 10% surplus.

Mission

The Old Fairhaven Association is a membership organization providing economic development resources to member businesses. In addition we act as a Destination Marketing Organization (DMO); marketing the Fairhaven Village through events and promotion. Voice & Advocacy: Provide a consistent voice and advocacy for Fairhaven as a district and village.Attract Visitors: Promote and support the beauty, history, welfare, and vibrancy of the village through events and activities that attract visitors.Connect Members: Support Fairhaven Association Members (Both businesses and community) and create connections through communication, education, and action.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $95,893
Program Service Revenue $163,265
Investment Income $1,201
Other Revenue $0
TOTAL REVENUE $260,359

Expense Breakdown

Grants Paid $0
Salaries & Benefits $78,294
Fundraising Expenses $0
Other Expenses $156,091
TOTAL EXPENSES $234,385

Year-over-Year Comparison

2024 2023 Change
Revenue $260,359 $273,421 0.0%
Expenses $234,385 $270,754 -0.1%
Net Income $25,974 $2,667 +8.7%
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
3
Volunteers
150

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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Heather Carter Executive 40.00
$63,750 $0 $63,750
Kelly Evert Director 1.00
Director
$0 $0 $0
Tim Anderson Director 1.00
Director
$0 $0 $0
Daniel Agosta Director 1.00
Director
$0 $0 $0
Traci Bjorklund Director 1.00
Director
$0 $0 $0
Amber Machin Treasurer 1.00
Director
$0 $0 $0
Chris Caldwell President 1.00
Officer
$0 $0 $0
Marissa Powell Vice President 1.00
Officer
$0 $0 $0
Sarah Woelkers-Prescott Treasurer 1.00
Officer
$0 $0 $0
Jessica Gigot Secretary 1.00
Officer
$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 $260,359 $234,385 $83,909 $25,974
2023 $273,421 $270,754 $57,879 $2,667
2022 $242,762 $240,390 $81,226 $2,372
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