Lummi Island Heritage Trust (EIN 911785342) - 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

1997

Legal Domicile

Principal Officer

Alika Herreshoff

Phone

3607587997

Tax Period

2024-01-01 to 2024-12-31

Lummi Island Heritage Trust, founded in 1997, is a small nonprofit in the Environment sector that reported $501K in total revenue in fiscal year 2024. Revenue fell 56% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $149K, a strong 30% operating margin.

Mission

To create a legacy of abundant open space, native habitat, and natural resources on Lummi Island by inspiring people to protect and care for the island's farms, forests, wetlands, and shorelines forever.

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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 $356,878

Program Service Revenue $0

Investment Income $106,934

Other Revenue $36,882

TOTAL REVENUE $500,694

Expense Breakdown

Grants Paid $0

Salaries & Benefits $181,428

Fundraising Expenses $36,905

Program Expenses $217,425

Other Expenses $170,738

TOTAL EXPENSES $352,166

Year-over-Year Comparison

	2024	2023	Change
Revenue	$500,694	$1,138,695	-0.6%
Expenses	$352,166	$715,949	-0.5%
Net Income	$148,528	$422,746	-0.6%

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

137

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Scott Josiah	Chairman	4.00	Officer Director	$0	$0	$0
Dawn Dietrich	Vice President	4.00	Officer Director	$0	$0	$0
William Enoch	Treasurer	4.00	Officer Director	$0	$0	$0
Catherine Shornick	Secretary	4.00	Officer Director	$0	$0	$0
Joe Anderson	Director	4.00	Officer	$0	$0	$0
Elizabeth Kilanowski	Director	4.00	Officer	$0	$0	$0
Richard Toby King	Director	4.00	Officer	$0	$0	$0
Mary Ross	Director	4.00	Officer	$0	$0	$0
Janine Shaw	Director	4.00	Officer	$0	$0	$0
Paul Upton	Director	4.00	Officer	$0	$0	$0
Judith Bush	Director	0.00	Officer	$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	$500,694	$352,166	$10,972,232	$148,528
2023	$1,138,695	$715,949	$10,586,345	$422,746
2022	$312,537	$428,619	$10,752,799	$-116,082
2022	$346,344	$802,775	$10,767,496	$-456,431
2021	$2,105,599	$560,909	$11,865,974	$1,544,690
2020	$421,962	$302,753	$9,550,634	$119,209
2019	$309,007	$250,966	$9,125,813	$58,041
2018	$534,083	$298,309	$8,703,969	$235,774

Lummi Island Heritage Trust