Bellingham, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare Old Fairhaven Association DBA Fairhaven Association with other nonprofits in Washington and across the country.