LYNDEN SCHOLARSHIP FOUNDATION

EIN: 912166143 501(c)(3) Education

LYNDEN, WA

Total Revenue
$28,452
Total Expenses
$60,433
Total Assets
$469,591
Net Assets
$408,341
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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
2001
Legal Domicile
WA
Principal Officer
CINDY PETERSEN
Phone
3603545545
Tax Period
2023-01-01 to 2023-12-31

LYNDEN SCHOLARSHIP FOUNDATION, founded in 2001, is a micro nonprofit in the Education sector that reported $28K in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $60K exceeded revenue, resulting in a 112% operating deficit.

Mission

TO PROVIDE COLLEGE SCHOLARSHIPS TO STUDENTS AT LYNDEN HIGH SCHOOL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $16,191
Program Service Revenue $0
Investment Income $10,761
Other Revenue $1,500
TOTAL REVENUE $28,452

Expense Breakdown

Grants Paid $59,250
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $59,250
Other Expenses $1,183
TOTAL EXPENSES $60,433

Year-over-Year Comparison

2023 2022 Change
Revenue $28,452 $76,383 -0.6%
Expenses $60,433 $62,605 0.0%
Net Income $-31,981 $13,778 -3.3%
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
11
Independent Members
11
Employees
N/A
Volunteers
15

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
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TAMMY YODER DIRECTOR 2.00
Director
$0 $0 $0
BRETT HENDRICKS DIRECTOR 2.00
Director
$0 $0 $0
VICKIE CRANE SECRETARY 2.00
Officer Director
$0 $0 $0
IAN FREEMAN DIRECTOR 2.00
Director
$0 $0 $0
DAVID VANDERYACHT DIRECTOR 2.00
Director
$0 $0 $0
CHERYL DEHAAN DIRECTOR 2.00
Director
$0 $0 $0
JORDAN VANDERVEEN DIRECTOR 2.00
Director
$0 $0 $0
LOIS MEHLHOFF DIRECTOR 2.00
Director
$0 $0 $0
JENNY WEEKS TREASURER 2.00
Officer Director
$0 $0 $0
CINDY PETERSEN PRESIDENT 2.00
Officer Director
$0 $0 $0
KENT VICTOR DIRECTOR 2.00
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 $28,452 $60,433 $469,591 $-31,981
2022 $76,383 $62,605 $465,182 $13,778
2021 $84,192 $50,012 $523,603 $34,180
2020 $52,462 $50,083 $447,392 $2,379
2019 $120,096 $62,718 $444,408 $57,378
2018 $35,581 $56,181 $380,781 $-20,600
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