GRAYS HARBOR COMMUNITY FOUNDATION

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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

1994

Legal Domicile

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. WE ACCOMPLISH THIS BY: 1. PROMOTING PHILANTHROPY AT ALL LEVELS OF GIVING. 2. SEEKING PERMANENT ENDOWMENT FUNDS AND OTHER CONTRIBUTIONS FROM A DIVERSE AND EVER-WIDENING GROUP TO HELP SUPPORT THE OPERATIONS OF THE ORGANIZATION AND TO GIVE OUT GRANTS AND SCHOLARSHIPS IN THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $4,435,214

THROUGH OUR SEVEN GRANT CYCLES WE OFFER ANNUALLY, IN 2024, WE AWARDED 128 GRANTS TO 91 LOCAL NONPROFIT ORGANIZATIONS AND SCHOOL DISTRICTS. WE WERE ABLE TO LEVERAGE DONOR ADVISED AND DONOR DESIGNATED FUNDS TO AWARD GRANT REQUESTS THAT RANGED BETWEEN $1,000 - $100,000. WE SUPPORTED ORGANIZATIONS IN ALL OF THE COMMUNITIES IN GRAYS HARBOR TO BETTER ACHIEVE THEIR MISSION(S). WE ALSO AWARDED 416 SCHOLARSHIPS TO STUDENTS WHO RESIDE IN GRAYS HARBOR COUNTY OR GRADUATED FROM A GRAYS HARBOR COUNTY HIGH SCHOOL THROUGH OUR SCHOLARSHIP PROGRAM. OUR SCHOLARSHIPS ARE RENEWABLE AT VARIABLE AMOUNTS FOR AN ADDITIONAL 3 YEARS TO SUPPORT UNDERGRADUATE AND VOCATIONAL STUDIES. IN 2024, WE PROVIDED $151,000 IN FUNDING FOR GRAYS HARBOR ELEMENTARY SCHOOL FIELD TRIPS.

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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 $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

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

$158,105

Total Directors

Key Employees

Highest Compensated

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
2025	No data	No data	No data	No data
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