PENINSULA COLLEGE FOUNDATION

EIN: 911589749 501(c)(3) Philanthropy & Grantmaking

PORT ANGELES, WA

Total Revenue
$1,452,819
Total Expenses
$1,747,904
Total Assets
$7,712,622
Net Assets
$7,102,983
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
WA
Principal Officer
JEANNE MARTIN
Phone
3604176400
Tax Period
2023-07-01 to 2024-06-30

PENINSULA COLLEGE FOUNDATION, founded in 1996, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.5M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $1.7M exceeded revenue, resulting in a 20% operating deficit.

Mission

CREATING ACCESS, EXCELLENCE AND SUCCESS FOR THE PENINSULA COLLEGE COMMUNITY BY PROVIDING FUNDS FOR STUDENTS AND PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,044,989
Program Service Revenue $0
Investment Income $407,830
Other Revenue $0
TOTAL REVENUE $1,452,819

Expense Breakdown

Grants Paid $1,336,545
Salaries & Benefits $95,602
Fundraising Expenses $72,690
Program Expenses $1,557,052
Other Expenses $315,757
TOTAL EXPENSES $1,747,904

Year-over-Year Comparison

2023 2022 Change
Revenue $1,452,819 $1,575,817 -0.1%
Expenses $1,747,904 $1,026,941 +0.7%
Net Income $-295,085 $548,876 -1.5%
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
10
Independent Members
10
Employees
N/A
Volunteers
N/A

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
7
$161,218
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL CUNNINGHAM PAST PRESIDENT 2.00
Officer Director
$0 $0 $0
JEANNE MARTIN CO-TREASURER 2.00
Officer Director
$0 $0 $0
RAY GRUVER CO-TREASURER 2.00
Officer Director
$0 $0 $0
DAVE NEUPERT BOARD MEMBER 0.50
Director
$0 $0 $0
S BROOKE TAYLOR EMERITUS 0.50
Director
$0 $0 $0
KATHY CHARLTON PRESIDENT 2.00
Officer Director
$0 $0 $0
JIM WALTON BOARD MEMBER 0.50
Director
$0 $0 $0
VALERIE FRATUS SECRETARY 2.00
Officer Director
$0 $0 $0
BRIDGETTE GRAHAM BOARD MEMBER 0.50
Director
$0 $0 $0
ELLIE POLK BOARD MEMBER 0.50
Director
$0 $0 $0
GETTA WORKMAN PRIOR EXECUTIVE DIRECTOR 40.00
Officer
$0 $0 $112,052
CHERYL CRANE EXECUTIVE DIRECTOR 40.00
Officer
$0 $0 $49,166
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 $1,452,819 $1,747,904 $7,712,622 $-295,085
2023 $1,575,817 $1,026,941 $7,684,573 $548,876
2022 $1,449,071 $854,839 $6,892,393 $594,232
2021 $1,336,997 $958,443 $7,388,665 $378,554
2020 $1,192,093 $1,038,185 $6,205,264 $153,908
2019 $1,875,491 $1,036,732 $5,814,902 $838,759
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