FIDALGO ISLAND ROTARY FOUNDATION

EIN: 208721928 501(c)(3) Education

ANACORTES, WA

Total Revenue
$242,654
Total Expenses
$220,628
Total Assets
$447,038
Net Assets
$446,335
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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
2010
Legal Domicile
WA
Principal Officer
DAVE SEM
Phone
3607702389
Tax Period
2024-07-01 to 2025-06-30

FIDALGO ISLAND ROTARY FOUNDATION, founded in 2010, is a small nonprofit in the Education sector that reported $243K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $221K left a modest 9% surplus.

Mission

AS THE CHARITABLE ARM OF THE FIDALGO ISLAND ROTARY CLUB, WE UTILIZE A GLOBAL NETWORK OF ROTARIANS WHO INVEST THEIR TIME, MONEY AND EXPERTISE INTO CHARITABLE PROJECTS. THE FOUNDATION TRANSFORMS CHARITABLE GIFTS INTO PROJECTS THAT CHANGE LIVES BOTH CLOSE TO HOME AND AROUND THE WORLD. GLOBAL WORK INCLUDES PROJECTS SUCH AS ERADICATING POLIO AND PROMOTING PEACE. FOUNDATION GRANTS ASSIST ROTARIANS TO APPROACH CHALLENGES SUCH AS POVERTY, ILLITERACY AND MALNUTRITION WITH SUSTAINABLE SOLUTIONS THAT LEAVE A LASTING IMPACT. LOCAL PROJECTS AND GRANTS ARE FOCUSED ON ENHANCEMENT OF OUR COMMUNITY AND ITS MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $154,699
Program Service Revenue $0
Investment Income $13,124
Other Revenue $74,831
TOTAL REVENUE $242,654

Expense Breakdown

Grants Paid $211,512
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $211,512
Other Expenses $9,116
TOTAL EXPENSES $220,628

Year-over-Year Comparison

2024 2023 Change
Revenue $242,654 $175,870 +0.4%
Expenses $220,628 $110,644 +1.0%
Net Income $22,026 $65,226 -0.7%
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
10
Independent Members
10
Employees
N/A
Volunteers
40

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
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIANA JORDAN VICE PRESIDE 3.00
Officer
$0 $0 $0
KANDY DUBUQUE TREASURER 20.00
Officer
$0 $0 $0
SARAH DAVIES PRESIDENT 5.00
Officer
$0 $0 $0
DAVE SEM PRESIDENT EL 6.00
Officer
$0 $0 $0
VAL TIBBETTS SECRETARY 40.00
Officer
$0 $0 $0
MADELYN CASE DIRECTOR 3.00
Director
$0 $0 $0
KURT NELSON DIRECTOR 3.00
Director
$0 $0 $0
ANNA CONNELLY DIRECTOR 3.00
Director
$0 $0 $0
BILL FRENCH DIRECTOR 3.00
Director
$0 $0 $0
RODNEY MOTT DIRECTOR 3.00
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 $242,654 $220,628 $447,038 $22,026
2023 $164,795 $220,785 $353,612 $-55,990
2021 $278,901 $187,893 $407,321 $91,008
2019 $134,354 $108,545 $301,874 $25,809
2018 $67,504 $86,003 $277,787 $-18,499
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