GRAYS HARBOR COLLEGE FOUNDATION (EIN 916052939) - 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

1963

Legal Domicile

Principal Officer

ARLENE TORGERSON

Phone

3605384243

Tax Period

2023-07-01 to 2024-06-30

GRAYS HARBOR COLLEGE FOUNDATION, founded in 1963, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $840K, a strong 37% operating margin.

Mission

TO SUPPORT GRAYS HARBOR COLLEGE THROUGH TUITION GRANTS, STAFF EXCELLENT AWARDS AND OTHER SUPPORT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,624,968

Program Service Revenue $0

Investment Income $647,920

Other Revenue $-2,185

TOTAL REVENUE $2,270,703

Expense Breakdown

Grants Paid $1,129,847

Salaries & Benefits $125,285

Fundraising Expenses $41,720

Program Expenses $1,221,770

Other Expenses $175,713

TOTAL EXPENSES $1,430,845

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,270,703	$1,948,354	+0.2%
Expenses	$1,430,845	$1,547,363	-0.1%
Net Income	$839,858	$400,991	+1.1%

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

N/A

Volunteers

N/A

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
ARLENE TORGERSON	PRESIDENT	4.00	Officer Director	$0	$0	$0
MARY NELSON	TREASURER	4.00	Officer Director	$0	$0	$0
LYNN GREEN	SECRETARY	4.00	Officer Director	$0	$0	$0
ALISSA SHAY	PASS-PRESIDENT	4.00	Officer Director	$0	$0	$0
TIM MARTIN	DIRECTOR	2.00	Director	$0	$0	$0
GARY MOREAN	DIRECTOR	2.00	Director	$0	$0	$0
JOSHUA HOLBROOK	DIRECTOR	2.00	Director	$0	$0	$0
STEVE ROGERS	DIRECTOR	2.00	Director	$0	$0	$0
REBECCA CHAFFEE	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
JOY MCGREGOR	DIRECTOR	2.00	Director	$0	$0	$0
SHELLI HOPSECGER	DIRECTOR	2.00	Director	$0	$0	$0
HAROLD WARREN	DIRECTOR	2.00	Director	$0	$0	$0
JILL SMITH	DIRECTOR	2.00	Director	$0	$0	$0
KATI KACHMAN	DIRECTOR	2.00	Director	$0	$0	$0
KENNETH HUNT	DIRECTOR	2.00	Director	$0	$0	$0
MARK STENSAGER	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN I RUPERT	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
2025	No data	No data	No data	No data
2024	$2,270,703	$1,430,845	$17,192,621	$839,858
2023	$1,948,354	$1,547,363	$15,469,880	$400,991
2022	$1,752,773	$1,067,649	$14,194,089	$685,124
2021	$1,943,906	$991,526	$16,396,850	$952,380
2020	$1,605,132	$1,022,155	$12,979,465	$582,977
2019	$1,927,495	$883,393	$12,397,447	$1,044,102

GRAYS HARBOR COLLEGE FOUNDATION