Bellingham Technical College Foundation

EIN: 911658027 501(c)(3) Education

Bellingham, WA

Total Revenue
$2,460,404
Total Expenses
$1,925,752
Total Assets
$9,630,209
Net Assets
$9,584,833
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
WA
Principal Officer
Tiffany Blair
Phone
3607528684
Tax Period
2024-07-01 to 2025-06-30

Bellingham Technical College Foundation, founded in 1998, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2024. The organization ran a surplus of $535K, a strong 22% operating margin.

Mission

Enhancing instructional programs at Bellingham Technical College.

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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 $2,258,933
Program Service Revenue $0
Investment Income $201,471
Other Revenue $0
TOTAL REVENUE $2,460,404

Expense Breakdown

Grants Paid $1,819,599
Salaries & Benefits $0
Fundraising Expenses $13,042
Program Expenses $1,821,667
Other Expenses $106,153
TOTAL EXPENSES $1,925,752

Year-over-Year Comparison

2024 2023 Change
Revenue $2,460,404 $2,429,144 +0.0%
Expenses $1,925,752 $1,877,813 +0.0%
Net Income $534,652 $551,331 0.0%
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
15
Independent Members
15
Employees
N/A
Volunteers
18

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
5
$171,861
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lin Nelson Board Member 1.00
Director
$0 $0 $0
David Blair Board Emeritus 1.00
Director
$0 $0 $0
August DeLuca Board Member 1.00
Director
$0 $0 $0
Mike Burke Board Member 1.00
Director
$0 $0 $0
Debbie Granger Board Member 1.00
Director
$0 $0 $0
Bernadino Garcia Board Member 1.00
Director
$0 $0 $0
James Lemerond Board Ex Officio 1.00
Director
$0 $0 $0
Walter Michelutti Board Member 1.00
Director
$0 $0 $0
Mike Morse Board Member 1.00
Director
$0 $0 $0
Celina Phair Board Member 1.00
Director
$0 $0 $0
Russ Whidbee Board Emeritus 1.00
Director
$0 $0 $0
Manuel Pacheco Board Member 1.00
Director
$0 $0 $0
Perry Herrick Board member 1.00
Director
$0 $0 $0
Rob Hope Board Member 1.00
Director
$0 $0 $0
Tiffany Blair Board President 1.00
Officer Director
$0 $0 $0
Norm Vigre Board Vice President 1.00
Officer Director
$0 $0 $0
Crystal Greear Board Treasurer 1.00
Officer Director
$0 $0 $0
Lance Calloway Board Secretary 1.00
Officer Director
$0 $0 $0
Dean Fulton Foundation Director 40.00
Officer
$113,250 $58,611 $171,861
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 $2,460,404 $1,925,752 $9,630,209 $534,652
2024 $2,429,144 $1,877,813 $8,128,446 $551,331
2023 $2,552,119 $1,326,339 $7,302,523 $1,225,780
2022 $1,156,342 $554,851 $5,243,801 $601,491
2021 $1,206,285 $911,839 $5,539,236 $294,446
2020 $926,034 $856,854 $4,211,024 $69,180
2019 $1,359,727 $894,193 $4,130,123 $465,534
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