CHILDREN OF THE VALLEY

EIN: 262867395 501(c)(3) Human Services

Mount Vernon, WA

Total Revenue
$747,050
Total Expenses
$898,610
Total Assets
$398,712
Net Assets
$366,801
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
WA
Principal Officer
Flora Lucatero
Phone
3609822399
Tax Period
2023-07-01 to 2024-06-30

CHILDREN OF THE VALLEY, founded in 2009, is a small nonprofit in the Human Services sector that reported $747K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $899K exceeded revenue, resulting in a 20% operating deficit.

Mission

3) The first page of the return wants you to "briefly describe the organization's mission or most significant activities. Children of the Valley is a free referral based afterschool program for under-resourced youth in Skagit County, serving over 200 students annually. In partnership with Mount Vernon SD, Sedro-Woolley SD and Burlington SD, COV provides a daily structured program consisting of academic assistance, social emotional learning, enrichment activities and family support.

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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 $747,029
Program Service Revenue $0
Investment Income $21
Other Revenue $0
TOTAL REVENUE $747,050

Expense Breakdown

Grants Paid $0
Salaries & Benefits $693,368
Fundraising Expenses $106,693
Program Expenses $548,800
Other Expenses $205,242
TOTAL EXPENSES $898,610

Year-over-Year Comparison

2023 2022 Change
Revenue $747,050 $814,155 -0.1%
Expenses $898,610 $829,498 +0.1%
Net Income $-151,560 $-15,343 +8.9%
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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Governance

Voting Members
12
Independent Members
12
Employees
38
Volunteers
204

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
4
$0
Total Directors
8
$0
Key Employees
1
$98,575
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Flora Lucatero Executive Director 40
Key Emp
$98,575 $0 $98,575
Carlos Flores Director 1.25
Officer Director
$0 $0 $0
Erica Goana Director 0.75
Director
$0 $0 $0
Steve Mowat Director 0.75
Director
$0 $0 $0
David Rodriguez Director 0.75
Director
$0 $0 $0
Aaron Starkovich Director 0.75
Director
$0 $0 $0
Dylan Sicklesteel Director 0.75
Director
$0 $0 $0
Brad Bergfalk Director 0.75
Director
$0 $0 $0
Monica Vivanco Director 0.75
Director
$0 $0 $0
Beth Ashley Board Chair 2.5
Officer
$0 $0 $0
Dwight Nelson Secretary 1.25
Officer
$0 $0 $0
Ken Wagner Treasurer 1.25
Officer
$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 No data No data No data No data
2024 $747,050 $898,610 $398,712 $-151,560
2023 $814,155 $829,498 $560,020 $-15,343
2022 $816,538 $567,805 $581,481 $248,733
2021 $418,579 $348,051 $323,958 $70,528
2020 $225,639 $222,965 $257,085 $2,674
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