Home Trust of Skagit (EIN 271202317) - Form 990 Financial Analysis & Trantor Score

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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

2009

Legal Domicile

Principal Officer

Becki Bell

Phone

3604280014

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

TRUST ORGANIZATION, IS INCORPORATED TO HELP HOMEOWNERS IN SKAGIT COUNTY, WASHINGTON, SECURE AFFORDABLE HOMES AND ACHIEVE AN EQUITY RETURN ON THEIR INVESTMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $712,732

Program Service Revenue $153,843

Investment Income $-78,896

Other Revenue $9,445

TOTAL REVENUE $797,124

Expense Breakdown

Grants Paid $0

Salaries & Benefits $141,133

Fundraising Expenses $0

Program Expenses $205,953

Other Expenses $157,890

TOTAL EXPENSES $299,023

Year-over-Year Comparison

	2023	2022	Change
Revenue	$797,124	$242,949	+2.3%
Expenses	$299,023	$242,300	+0.2%
Net Income	$498,101	$649	+766.5%

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

N/A

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

$10,635

Key Employees

Highest Compensated

reported

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

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	$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

Home Trust of Skagit