PADILLA BAY FOUNDATION (EIN 911401169) - 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

1987

Legal Domicile

Principal Officer

Leah Rice

Phone

3607573234

Tax Period

2024-07-01 to 2025-06-30

PADILLA BAY FOUNDATION, founded in 1987, is a small nonprofit that reported $181K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Net assets of $410K represent 27 months of operating reserves.

Mission

The Padilla Bay Foundation supports the Padilla Bay National Estuarine Research Reserve education and research programs by raising funds, engaging our community, and attracting members and volunteers who are vital in providing valuable supplemental resources.

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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 $121,764

Program Service Revenue $36,740

Investment Income $19,851

Other Revenue $2,595

TOTAL REVENUE $180,950

Expense Breakdown

Grants Paid $20,549

Salaries & Benefits $52,918

Fundraising Expenses $3,790

Program Expenses $67,524

Other Expenses $106,487

TOTAL EXPENSES $179,954

Year-over-Year Comparison

	2024	2023	Change
Revenue	$180,950	$230,963	-0.2%
Expenses	$179,954	$206,233	-0.1%
Net Income	$996	$24,730	-1.0%

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

Total Directors

Key Employees

$48,236

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary Mae Hardt	Administrative Officer	30	Key Emp	$48,236	$0	$48,236
Hollie Del Vecchio	Director	1	Director	$0	$0	$0
Paola Macias Vargas	Director	1	Director	$0	$0	$0
Dennis Parent	Director	1	Director	$0	$0	$0
Candace Smith	Director	1	Director	$0	$0	$0
Laura Schumacher	Secretary	1	Officer Director	$0	$0	$0
Gail Smith	Vice President	1	Officer Director	$0	$0	$0
Mindy Mejia	Director	1	Director	$0	$0	$0
Susan Wood	Director	1	Director	$0	$0	$0
Leah Rice	President	2	Officer	$0	$0	$0
Charles Simenstad	Treasurer	2	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
2025	$180,950	$179,954	$437,799	$996
2024	$230,963	$206,233	$440,608	$24,730
2023	$308,942	$242,660	$382,693	$66,282

PADILLA BAY FOUNDATION