THE WHITEHORSE FOUNDATION

EIN: 943101726 501(c)(3)

SEATTLE, WA

Total Revenue
$3,287,478
Total Expenses
$3,505,713
Total Assets
$51,697,375
Net Assets
$51,647,315
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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
WA
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

TYPE I SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3) TO SEATTLE FOUNDATION.

Program Service Accomplishments

Program 1
Expenses: $3,092,230

THE WHITEHORSE FOUNDATION IS ORGANIZED AND OPERATED AS A SUPPORTING ORGANIZATION TO SEATTLE FOUNDATION. SEATTLE FOUNDATION MAKES GRANTS FOR THE BENEFIT OF RESIDENTS OF THE GREATER PUGET SOUND AREA...

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THE WHITEHORSE FOUNDATION IS ORGANIZED AND OPERATED AS A SUPPORTING ORGANIZATION TO SEATTLE FOUNDATION. SEATTLE FOUNDATION MAKES GRANTS FOR THE BENEFIT OF RESIDENTS OF THE GREATER PUGET SOUND AREA. THE WHITEHORSE FOUNDATION MAKES GRANTS IN SUPPORT OF SEATTLE FOUNDATION'S CHARITABLE PURPOSE.

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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 $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

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Governance

Voting Members
5
Independent Members
4
Employees
N/A
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
5
$187,121
Total Directors
6
$187,121
Key Employees
0
$0
Highest Compensated
0
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
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