Mount Vernon, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Home Trust of Skagit, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $797K in total revenue in fiscal year 2023. Revenue surged 228% from the prior year, signaling strong growth momentum. The organization ran a surplus of $498K, a strong 62% operating margin.
TRUST ORGANIZATION, IS INCORPORATED TO HELP HOMEOWNERS IN SKAGIT COUNTY, WASHINGTON, SECURE AFFORDABLE HOMES AND ACHIEVE AN EQUITY RETURN ON THEIR INVESTMENT.
OUR GOAL IS TO HAVE HOMES IN NEIGHBORHOODS AND COMMUNIITEIS THROUGHOUT SKAGIT COUNTY, PROVIDING OPPORTUNITIES FOR HOME OWNERSHIP AND EQUITY RETURNS. WE PARTNER WITH THE COMMUNITY AT LARGE TO OBTAIN...
OUR GOAL IS TO HAVE HOMES IN NEIGHBORHOODS AND COMMUNIITEIS THROUGHOUT SKAGIT COUNTY, PROVIDING OPPORTUNITIES FOR HOME OWNERSHIP AND EQUITY RETURNS. WE PARTNER WITH THE COMMUNITY AT LARGE TO OBTAIN GRANTS TO ASSIST WITH DOWNPAYMENTS FOR INDIVIDUAL HOMES, BUIDLING AND MANAGING THE BUILDING OF AFFORDABLE HOMES.
THE HOME TRUST OF SKAGIT, A COMMUNITY LAND TRUST SECURES AND MAINTAINS RENTAL UNITS TO BRING AFFORDABLE HOUSING TO FAMILIES IN THE SKAGIT VALLEY. THROUGH OUT THE PANDEMIC WE HAVE HELPED OVER 26...
THE HOME TRUST OF SKAGIT, A COMMUNITY LAND TRUST SECURES AND MAINTAINS RENTAL UNITS TO BRING AFFORDABLE HOUSING TO FAMILIES IN THE SKAGIT VALLEY. THROUGH OUT THE PANDEMIC WE HAVE HELPED OVER 26 INDIVIDUALS AND FAMILIES HAVE SECURE HOUSING DURING CRISIS.
WE HAVE 99 YEAR GROUND LEASES ON HOMES WE HAVE SOLD THROUGHOUT THE SKAGIT VALLEY BOTH IN OUR OWN DEVELOPMENT, SUMMERLYND, AND WHAT WE CALL SCATTERED SITES. THESE ARE AFFORDABLE HOMES WE HAVE HELPED...
WE HAVE 99 YEAR GROUND LEASES ON HOMES WE HAVE SOLD THROUGHOUT THE SKAGIT VALLEY BOTH IN OUR OWN DEVELOPMENT, SUMMERLYND, AND WHAT WE CALL SCATTERED SITES. THESE ARE AFFORDABLE HOMES WE HAVE HELPED MEMBERS TO PURCHASE THROUGHOUT THE SKAGIT VALLEY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $797,124 | $242,949 | +2.3% |
| Expenses | $299,023 | $242,300 | +0.2% |
| Net Income | $498,101 | $649 | +766.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Felicia Minto | Executive Dir. | 44.00 |
Director
|
$10,635 | $0 | $10,635 |
| Mary Hudson | President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Scott Thomas | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Raul Badillo | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Becki Bell | Treasurer | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Susan Rowe | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| Justin Barnes | Secretary | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $797,124 | $299,023 | $2,459,510 | $498,101 |
| 2022 | $242,949 | $242,300 | $1,963,439 | $649 |
| 2021 | $218,996 | $200,318 | $1,959,205 | $18,678 |
| 2020 | $161,619 | $207,658 | $1,963,714 | $-46,039 |
| 2019 | $181,100 | $305,886 | $1,988,958 | $-124,786 |
| 2018 | $334,486 | $440,859 | $2,163,851 | $-106,373 |
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