WASHINGTON STATE POTATO FOUNDATION

EIN: 912041951 501(c)(3) Education

PASCO, WA

Total Revenue
$377,968
Total Expenses
$164,388
Total Assets
$2,484,137
Net Assets
$2,482,917
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
WA
Principal Officer
TIM WATERS
Tax Period
2024-01-01 to 2024-12-31

WASHINGTON STATE POTATO FOUNDATION, founded in 2000, is a small nonprofit in the Education sector that reported $378K in total revenue in fiscal year 2024. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $214K, a strong 57% operating margin.

Mission

THE FOUNDATION SUPPORTS EDUCATION, RESEARCH, PROMOTION, AND INFORMATION RELATED TO THE POTATO INDUSTRY IN 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $96,643
Program Service Revenue $70,233
Investment Income $211,092
Other Revenue $0
TOTAL REVENUE $377,968

Expense Breakdown

Grants Paid $21,500
Salaries & Benefits $87,952
Fundraising Expenses $10,959
Program Expenses $136,988
Other Expenses $54,936
TOTAL EXPENSES $164,388

Year-over-Year Comparison

2024 2023 Change
Revenue $377,968 $225,492 +0.7%
Expenses $164,388 $164,613 0.0%
Net Income $213,580 $60,879 +2.5%
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

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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
11
Independent Members
11
Employees
1
Volunteers
4

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
4
$0
Total Directors
10
$0
Key Employees
1
$81,332
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLEE BALCOM EXECUTIVE DIRECTOR 40.00
Key Emp Highest
$81,332 $0 $81,332
BRANDON BROOK VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
BEN COX TREASURER 1.00
Officer Director
$0 $0 $0
KEVIN COCHRANE SECRETARY 1.00
Officer Director
$0 $0 $0
MIKE DODDS DIRECTOR 1.00
Director
$0 $0 $0
GEORGE DRESS DIRECTOR 1.00
Director
$0 $0 $0
JAKE HENKE DIRECTOR 1.00
Director
$0 $0 $0
DALE LATHIM DIRECTOR 1.00
Director
$0 $0 $0
HEIDI SHATTUCK DIRECTOR 1.00
Director
$0 $0 $0
BRANDY TUCKER DIRECTOR 1.00
Director
$0 $0 $0
DAVINA WARD-PINK DIRECTOR 1.00
Director
$0 $0 $0
TIM WATERS PRESIDENT 1.00
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 $377,968 $164,388 $2,484,137 $213,580
2023 $225,492 $164,613 $2,268,765 $60,879
2022 $191,064 $138,194 $2,002,668 $52,870
2021 $285,537 $132,836 $2,314,746 $152,701
2020 $203,260 $150,406 $2,112,757 $52,854
2019 $232,965 $166,274 $1,949,276 $66,691
2018 $241,933 $167,446 $1,676,518 $74,487
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