PORT ANGELES EDUCATION 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

1991

Legal Domicile

Principal Officer

CHRISTOPHER NOBLE

Phone

3604528848

Tax Period

2024-07-01 to 2025-06-30

PORT ANGELES EDUCATION FOUNDATION, founded in 1991, is a small nonprofit in the Unknown sector that reported $634K in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $230K, a strong 36% operating margin.

Mission

TO PROVIDE SUPPORT FOR STUDENTS AND PROGRAMS AND TO PROMOTE CREATIVITY, INNOVATION AND EXCELLENCE IN PARTNERSHIP WITH THE PORT ANGELES PUBLIC SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $272,990

STUDENT SCHOLARSHIPS TO STUDENTS IN THE PORT ANGELES SCHOOL DISTRICT IN RECOGNITION OF ACADEMIC, VOCATIONAL AND ATHLETIC ACHIEVEMENTS.

Program 2

Expenses: $34,652

STUDENT NEEDS GRANTS TO PURCHASE NECESSARY ITEMS AND SERVICES, TO ENHANCE EDUCATIONAL OPPORTUNITIES, AND ENSURE BASIC NEEDS ARE MET. THE EDUCATIONAL FOUNDATION'S STUDENT NEEDS COMMITTEE AWARDS FUNDS TO PURCHASE MEDICAL SERVICES, DENTAL SERVICES, MENTAL HEALTH COUNSELING AND NECESSARY SCHOOL SUPPLIES, PE UNIFORMS, ROTC UNIFORMS, ASB CARDS, SCHOOL ACTIVITY FEES, MUSIC LESSONS, TUTORS, SHOES, CLOTHING, WOOD SHOP/ART CLASS FEES, GRADUATION CAP/GOWN FEES, TOILETRIES FOR BASIC HYGIENE, AND SUPPLIES FOR BACK TO SCHOOL EVENT.

Program 3

Expenses: $72,672

SCHOOL AND TEACHER GRANTS TO HELP EDUCATORS BRING NEW MATERIALS INTO THE CLASSROOM. PAST AWARDS HAVE BEEN USED TO PAY FOR SUCH THINGS AS A VISITING AUTHOR, PEN PAL MATERIALS AND A COMPUTER-BASED...

SCHOOL AND TEACHER GRANTS TO HELP EDUCATORS BRING NEW MATERIALS INTO THE CLASSROOM. PAST AWARDS HAVE BEEN USED TO PAY FOR SUCH THINGS AS A VISITING AUTHOR, PEN PAL MATERIALS AND A COMPUTER-BASED MUSIC INSTRUCTION PROGRAM.

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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 (2024)

Revenue Breakdown

Contributions & Grants $481,391

Program Service Revenue $0

Investment Income $164,175

Other Revenue $-11,747

TOTAL REVENUE $633,819

Expense Breakdown

Grants Paid $372,040

Salaries & Benefits $19,427

Fundraising Expenses $5,982

Program Expenses $380,314

Other Expenses $12,594

TOTAL EXPENSES $404,061

Year-over-Year Comparison

	2024	2023	Change
Revenue	$633,819	$390,199	+0.6%
Expenses	$404,061	$357,913	+0.1%
Net Income	$229,758	$32,286	+6.1%

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

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
DR MARY ANN UNGER	PRESIDENT	2.00	Officer Director	$0	$0	$0
DR LYNN BEDFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID CHRISTIAN	TREASURER	2.00	Officer Director	$0	$0	$0
TERRI LONGIN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS NOBLE	BOARD MEMBER	1.00	Director	$0	$0	$0
JEAN IRVINE	BOARD MEMBER	1.00	Director	$0	$0	$0
JACKI GORDON	BOARD MEMBER	1.00	Director	$0	$0	$0
VICTORIA JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE METHNER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN GALLAGHER	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
MARK URNES	BOARD MEMBER	1.00	Director	$0	$0	$0
LESLIE SPOTKOV	SECRETARY	2.00	Officer Director	$0	$0	$0
ANNETTE WENDEL	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE PRYNE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ROB DECOU	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE TURNER	BOARD MEMBER	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
2025	$621,788	$392,030	$6,123,110	$229,758
2025	$633,819	$404,061	$6,123,110	$229,758
2024	$390,199	$357,913	$5,638,059	$32,286
2023	$296,784	$404,282	$5,057,699	$-107,498
2022	$1,716,386	$280,696	$4,805,055	$1,435,690
2021	$320,979	$290,844	$4,034,930	$30,135
2020	$218,610	$299,073	$3,310,980	$-80,463
2019	$234,696	$298,136	$3,288,950	$-63,440
2018	$206,331	$275,975	$3,227,891	$-69,644