Ann & Virginia Nitterhouse Foundat… - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

Andrea Bekkevar

Phone

3604601305

Tax Period

2023-01-01 to 2023-12-31

Ann & Virginia Nitterhouse Foundation, founded in 1992, is a micro nonprofit that reported $39K in total revenue in fiscal year 2023. Revenue surged 349% from the prior year, signaling strong growth momentum. Expenses of $86K exceeded revenue, resulting in a 122% operating deficit.

Mission

To provide college and vocational school scholarships to graduating seniors from Sequim High School (School District No. 323).

Program Service Accomplishments

Program 1

Expenses: $77,000

Awarded and paid seven (7) college and vocational school scholarships to graduating seniors from Sequim High School (School District No. 323).

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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 $0

Program Service Revenue $0

Investment Income $38,934

Other Revenue $0

TOTAL REVENUE $38,934

Expense Breakdown

Grants Paid $77,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $77,000

Other Expenses $9,392

TOTAL EXPENSES $86,392

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,934	$8,667	+3.5%
Expenses	$86,392	$46,554	+0.9%
Net Income	$-47,458	$-37,887	+0.3%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cheryl Gray	President	0.04	Officer	$0	$0	$0
Sauni Holt	Vice President	0.19	Officer	$0	$0	$0
Andrea Bekkevar	Treasurer	0.04	Officer	$0	$0	$0
Amanda Bekkever	Bd Mem At Large	0.87	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$38,934	$86,392	$996,744	$-47,458
2022	$8,667	$46,554	$1,001,214	$-37,887
2021	$167,929	$65,201	$1,039,101	$102,728
2020	$58,205	$50,676	$934,294	$7,529
2019	$83,156	$51,798	$926,755	$31,358
2018	$33,187	$65,016	$895,397	$-31,829

Ann & Virginia Nitterhouse Foundation