WHATCOM MUSEUM FOUNDATION

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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

1968

Legal Domicile

Principal Officer

NANCY TUPPER

Phone

3607788930

Tax Period

2023-01-01 to 2023-12-31

WHATCOM MUSEUM FOUNDATION, founded in 1968, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Net assets of $5.1M represent 38 months of operating reserves.

Mission

THE FOUNDATION WAS ORGANIZED TO SUPPORT AND PROMOTE THE OEPRATION OF THE WHATCOM MUSEUM.

Program Service Accomplishments

Program 1

Expenses: $1,151,163 Revenue: $629,078

OPERATIONS OF THE MUSEUM INCLUDE CURATING AND HOSTING EXHIBITS OF HISTORICAL AND CULTURAL SIGNIFICANCE, PARTICULARLY RELEVANT TO THE PACIFIC NORTHWEST AND WHATCOM COUNTY, WASHINGTON. OPERATIONS ALSO INCLUDE DEVELOPING AND EXPLOITING THE MUSEUM'S ARCHIVES AND COLLECTION, SPONSORING A WIDE VARIETY OF EDUCATIONAL PROGRAMS, AND HOSTING RECEPTIONS AND OTHER PUBLIC EVENTS RELEVANT TO THE MUSEUM'S MISSION.

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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 $710,611

Program Service Revenue $629,078

Investment Income $204,658

Other Revenue $61,047

TOTAL REVENUE $1,605,394

Expense Breakdown

Grants Paid $33,511

Salaries & Benefits $1,057,283

Fundraising Expenses $365,902

Program Expenses $1,151,163

Other Expenses $639,983

TOTAL EXPENSES $1,730,777

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,605,394	$1,304,342	+0.2%
Expenses	$1,730,777	$1,433,398	+0.2%
Net Income	$-125,383	$-129,056	0.0%

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

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

$258,932

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY TUPPER	PRESIDENT	N/A	Officer Director	$0	$0	$0
MARILENA FLUCKIGER	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
RAFEEKA KLOKE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
TIM BRUCE	2023 SEC / T	N/A	Officer Director	$0	$0	$0
JORGE ALVAREZ	MEMBER AT LA	N/A	Director	$0	$0	$0
POLLY BONNELL	MEMBER AT LA	N/A	Director	$0	$0	$0
A ROBERT CAMANDONA	MEMBER AT LA	N/A	Director	$0	$0	$0
ERIKA LAUTENBACH	MEMBER AT LA	N/A	Director	$0	$0	$0
CYNTHIA WILSON OOMAGELEES	MEMBER AT LA	N/A	Director	$0	$0	$0
PHIL SERKA	MEMBER AT LA	N/A	Director	$0	$0	$0
GEORGE SANDERS	MEMBER AT LA	N/A	Director	$0	$0	$0
MERION WRIGHT	MEMBER AT LA	N/A	Director	$0	$0	$0
TERESA TAYLOR	MEMBER AT LA	N/A	Director	$0	$0	$0
JAIR FURNAS	MEMBER AT LA	N/A	Director	$0	$0	$0
CHRIS SULLIVAN	2024 SEC / T	N/A	Director	$0	$0	$0
PATRICIA LEACH	EXECUTIVE DI	40.00	Officer	$0	$0	$158,932
TATIANA BEITING	CONTROLLER	40.00	Officer	$100,000	$0	$100,000

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	$1,605,394	$1,730,777	$5,595,626	$-125,383
2022	$1,304,342	$1,433,398	$5,045,643	$-129,056
2021	$1,260,854	$1,161,301	$5,947,142	$99,553
2020	$1,311,993	$1,086,422	$5,542,860	$225,571
2019	$1,123,852	$1,104,277	$5,027,744	$19,575
2018	$1,232,814	$1,018,207	$4,599,668	$214,607