THE WHITEHORSE FOUNDATION (EIN 943101726) - 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

1989

Legal Domicile

Principal Officer

R SCOTT NEELY

Phone

2066222294

Tax Period

2023-01-01 to 2023-12-31

THE WHITEHORSE FOUNDATION, founded in 1989, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. Net assets of $51.6M represent 189 months of operating reserves.

Mission

THE WHITEHORSE FOUNDATION IS ORGANIZED & OPERATED AS A SUPPORTING ORG TO SEATTLE FOUNDATION.

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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 $1,275,735

Program Service Revenue $0

Investment Income $2,011,743

Other Revenue $0

TOTAL REVENUE $3,287,478

Expense Breakdown

Grants Paid $3,057,116

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,092,230

Other Expenses $448,597

TOTAL EXPENSES $3,505,713

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,287,478	$2,294,989	+0.4%
Expenses	$3,505,713	$2,218,695	+0.6%
Net Income	$-218,235	$76,294	-3.9%

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

N/A

Volunteers

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

$187,121

Total Directors

$187,121

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOLLY JUDGE	FOUNDATION DIRECTOR (EFF. 06/23)	1.00	Officer Director	$0	$12,994	$135,507
CEIL ERICKSON	FOUNDATION DIRECTOR (THRU 06/23)	1.00	Officer Director	$0	$1,863	$51,614
R SCOTT NEELY	PRESIDENT	1.00	Officer Director	$0	$0	$0
MADDY METZGER-UTT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
AMY HOOVER	SECRETARY & TREASURER	1.00	Officer Director	$0	$0	$0
ELIZABETH MITCHELL	DONOR DIRECTOR	1.00	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	$3,287,478	$3,505,713	$51,697,375	$-218,235
2022	$2,294,989	$2,218,695	$46,588,565	$76,294
2021	$18,860,323	$1,481,963	$55,472,650	$17,378,360
2020	$3,074,587	$1,802,115	$35,046,330	$1,272,472
2019	$2,665,902	$1,592,723	$31,334,932	$1,073,179
2018	$3,017,613	$1,413,434	$26,458,438	$1,604,179

THE WHITEHORSE FOUNDATION