WHATCOM FAMILY & COMMUNITY NETWORK (EIN 911631944) - 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

1990

Legal Domicile

Principal Officer

KRISTI SLETTE

Phone

3607381196

Tax Period

2023-01-01 to 2023-12-31

WHATCOM FAMILY & COMMUNITY NETWORK, founded in 1990, is a community nonprofit in the Youth Development sector that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.2M exceeded revenue, resulting in a 12% operating deficit.

Mission

WFCN AIMS TO PREVENT CHILD ABUSE AND NEGLECT, YOUTH SUBSTANCE ABUSE AND VIOLENCE, RESILIENCY IN INDIVIDUALS AND FAMILIES AND TO SUPPORT SCHOOL SUCCESS THROUGH COMMUNITY CHANGE AND CAPACITY BUILDING EFFORTS. THE ORGANIZATION ASSISTS IN LINKING EXISTING CHILD AND FAMILY SERVICE EFFORTS, ENHANCING CURRENT PROGRAMS, AND ENCOURAGING THE DEVELOPMENT OF PROACTIVE NEW PROGRAMS WITHIN WHATCOM COUNTY AND THROUGHOUT WASHINGTON STATE.

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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 $1,068,825

Program Service Revenue $36,810

Investment Income $39

Other Revenue $8,816

TOTAL REVENUE $1,114,490

Expense Breakdown

Grants Paid $38,976

Salaries & Benefits $505,454

Fundraising Expenses $10,835

Program Expenses $1,101,416

Other Expenses $704,688

TOTAL EXPENSES $1,249,118

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,114,490	$975,471	+0.1%
Expenses	$1,249,118	$863,134	+0.4%
Net Income	$-134,628	$112,337	-2.2%

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

$86,966

Total Directors

$88,366

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTI SLETTE	EXECUTIVE DIRECTOR	40	Officer Director	$84,541	$1,625	$86,166
JAZMIN CALMER	BOARD MEMBER	1	Director	$1,400	$0	$1,400
RAY CALMER	TREASURER	1.5	Officer Director	$800	$0	$800
MASON GRAY	PRESIDENT	1.5	Officer Director	$0	$0	$0
VIRY FERREIRA	VICE PRESIDENT	1.5	Officer Director	$0	$0	$0
SARA HUTCHINSON	SECRETARY	1	Officer Director	$0	$0	$0
RICH HELKE	TREASURER	1.5	Officer Director	$0	$0	$0
ARI WRIGHT	BOARD MEMBER	1	Director	$0	$0	$0
SAVANNA HANDLEY	BOARD MEMBER	1	Director	$0	$0	$0
AMY STENHOFF	BOARD MEMBER	1	Director	$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
2024	No data	No data	No data	No data
2023	$1,114,490	$1,249,118	$863,603	$-134,628
2022	$975,471	$863,134	$1,006,826	$112,337
2021	$940,155	$588,257	$883,513	$351,898
2020	$579,812	$533,387	$597,565	$46,425
2019	$571,470	$568,975	$491,377	$2,495
2018	$490,250	$514,405	$222,758	$-24,155

WHATCOM FAMILY & COMMUNITY NETWORK