GRAYS HARBOR COMMUNITY FOUNDATION

EIN: 911607005 501(c)(3) Philanthropy & Grantmaking

HOQUIAM, WA

Total Revenue
$31,899,742
Total Expenses
$4,582,970
Total Assets
$106,779,070
Net Assets
$106,703,886
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
WA
Principal Officer
ERIC POTTS
Phone
3605321600
Tax Period
2024-01-01 to 2024-12-31

GRAYS HARBOR COMMUNITY FOUNDATION, founded in 1994, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $31.9M in total revenue in fiscal year 2024. Revenue surged 1944% from the prior year, signaling strong growth momentum. The organization ran a surplus of $27.3M, a strong 86% operating margin.

Mission

TO IMPROVE THE QUALITY OF LIFE IN ALL COMMUNITIES THROUGHOUT GRAYS HARBOR COUNTY, WASHINGTON.

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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 $15,921,364
Program Service Revenue $0
Investment Income $15,978,378
Other Revenue $0
TOTAL REVENUE $31,899,742

Expense Breakdown

Grants Paid $3,914,486
Salaries & Benefits $497,014
Fundraising Expenses $24,931
Program Expenses $4,435,214
Other Expenses $171,470
TOTAL EXPENSES $4,582,970

Year-over-Year Comparison

2024 2023 Change
Revenue $31,899,742 $1,560,760 +19.4%
Expenses $4,582,970 $3,997,045 +0.1%
Net Income $27,316,772 $-2,436,285 -12.2%
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
20
Independent Members
20
Employees
4
Volunteers
20

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
6
$158,105
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WES PETERSON CHAIR 2.00
Officer Director
$0 $0 $0
KATHRYN SKOLROOD VICE-CHAIR 1.00
Officer Director
$0 $0 $0
GEORGE DONOVAN SECRETARY 2.00
Officer Director
$0 $0 $0
MIKE STONEY TREASURER 2.00
Officer Director
$0 $0 $0
BILL STEWART TRUSTEE 1.00
Director
$0 $0 $0
DR DONALD ARIMA TRUSTEE 1.00
Director
$0 $0 $0
MOLLY BOLD TRUSTEE 1.00
Director
$0 $0 $0
DR ED BREWSTER TRUSTEE 1.00
Director
$0 $0 $0
DAVID BURNETT TRUSTEE 1.00
Director
$0 $0 $0
JUDITH DAVIS TRUSTEE 1.00
Director
$0 $0 $0
LYNN GREEN TRUSTEE 1.00
Director
$0 $0 $0
TIM MARTIN TRUSTEE 1.00
Director
$0 $0 $0
TOM QUIGG TRUSTEE 1.00
Director
$0 $0 $0
MIKE SAND TRUSTEE 1.00
Director
$0 $0 $0
MARK STENSAGER TRUSTEE 1.00
Director
$0 $0 $0
RICH VROMAN TRUSTEE 1.00
Director
$0 $0 $0
MARYANN WELCH TRUSTEE 1.00
Director
$0 $0 $0
TODD LINDLEY EMERITUS MEMBERS 1.00
Officer Director
$0 $0 $0
STAN PINNICK EMERITUS MEMBERS 1.00
Director
$0 $0 $0
RANDY RUST EMERITUS MEMBERS 1.00
Director
$0 $0 $0
ERIC POTTS EXECUTIVE DIRECTOR 40.00
Officer
$158,105 $0 $158,105
JESSICA HOOVER SENIOR PROGRAM OFFICER 40.00
Highest
$105,077 $0 $105,077
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 $31,899,742 $4,582,970 $106,779,070 $27,316,772
2023 $1,560,760 $3,997,045 $84,355,567 $-2,436,285
2022 $6,725,793 $3,907,326 $75,486,640 $2,818,467
2021 $9,054,377 $4,089,401 $92,662,393 $4,964,976
2020 $6,395,495 $3,818,827 $83,402,821 $2,576,668
2019 $3,844,316 $3,396,415 $71,011,758 $447,901
2018 $7,196,012 $3,119,606 $60,110,386 $4,076,406
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