WE CARE OF WHATCOM COUNTY (EIN 911886554) - 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

KELLIE SCHMIDT

Phone

3609697628

Tax Period

2024-09-01 to 2025-08-31

WE CARE OF WHATCOM COUNTY, founded in 1997, is a small nonprofit in the Human Services sector that reported $142K in total revenue in fiscal year 2024. Revenue surged 64% from the prior year, signaling strong growth momentum. Expenses of $160K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE ORGANIZATION'S PRIMARY MISSION IS THE OPERATION OF A THRIFT STORE TO SUPPLY CLOTHING, HOUSEHOLD ITEMS, AND FURNITURE TO THE NEEDY IN THE COMMUNITY AT LITTLE OR NO COST.

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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 $10,113

Program Service Revenue $132,321

Investment Income $12

Other Revenue $0

TOTAL REVENUE $142,446

Expense Breakdown

Grants Paid $93,170

Salaries & Benefits $30,655

Fundraising Expenses $0

Program Expenses $156,254

Other Expenses $36,103

TOTAL EXPENSES $159,928

Year-over-Year Comparison

	2024	2023	Change
Revenue	$142,446	$87,121	+0.6%
Expenses	$159,928	$67,298	+1.4%
Net Income	$-17,482	$19,823	-1.9%

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

150

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

$3,117

Total Directors

$3,117

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY NEWLAND	TREASURER	10.00	Officer Director	$0	$0	$0
KELLIE SCHMIDT	PRESIDENT	5.00	Officer Director	$3,117	$0	$3,117
MARLIN HENDRICKS	SECRETARY	1.00	Officer Director	$0	$0	$0
JENNIFER DORROUGH	BOARD CHAIR	5.00	Officer 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
2025	$142,446	$159,928	$10,023	$-17,482

WE CARE OF WHATCOM COUNTY