Friends of Chinook School

EIN: 300165711 501(c)(3) Human Services

Chinook, WA

Total Revenue
$132,844
Total Expenses
$142,267
Total Assets
$626,591
Net Assets
$623,697
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
WA
Principal Officer
Vera Karnofski
Phone
2069301651
Tax Period
2025-01-01 to 2025-12-31

Friends of Chinook School, founded in 2002, is a small nonprofit in the Human Services sector that reported $133K in total revenue in fiscal year 2025. Revenue decreased 7% compared to the prior year. Net assets of $624K represent 56 months of operating reserves.

Mission

The Mission of Friends of Chinook School is to promote the Historic Chinook School in its role as an ongoing and unique venue for the cultural, educational, social, economic and recreational enrichment of the broader community and future generations.

Program Service Accomplishments

Program 1
Expenses: $106,936 Revenue: $33,992

Continue to operate the event venue Historic Chinook School for arts, culture, social, and economic purposes for the community.

Program 2
Expenses: $35,331 Revenue: $4,190

The food bank installed the planned external addition, allowing increased loading capacity, ease of access for volunteer staff, and management of inclement weather conditions on food bank days. We...

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The food bank installed the planned external addition, allowing increased loading capacity, ease of access for volunteer staff, and management of inclement weather conditions on food bank days. We also are near completion of reconstructing our main parking area (new drainage infrastructure, re-grading) which will allow the public to more easily access the facilities on food bank days, as well as other community events.

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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 (2025)

Revenue Breakdown

Contributions & Grants $73,787
Program Service Revenue $27,059
Investment Income $11,123
Other Revenue $20,875
TOTAL REVENUE $132,844

Expense Breakdown

Grants Paid $0
Salaries & Benefits $35,071
Fundraising Expenses $0
Program Expenses $142,267
Other Expenses $107,196
TOTAL EXPENSES $142,267

Year-over-Year Comparison

2025 2024 Change
Revenue $132,844 $142,289 -0.1%
Expenses $142,267 $136,867 +0.0%
Net Income $-9,423 $5,422 -2.7%
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
6
Independent Members
6
Employees
N/A
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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Vera Karnofski President 24.00
Director
$0 $0 $0
Layne Prest Secretary 10.00
Director
$0 $0 $0
Jim Goulter Treasurer 10.00
Director
$0 $0 $0
Trina Goulter Director 2.00
Director
$0 $0 $0
Stephanie Day Director 2.00
Director
$0 $0 $0
Mike Thompson Director 2.00
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 $132,844 $142,267 $626,591 $-9,423
2024 $142,289 $136,867 $634,917 $5,422
2023 $91,848 $83,127 $629,904 $8,721
2022 $195,292 $74,368 $1,069,326 $120,924
2022 $195,292 $74,368 $1,069,326 $120,924
2021 $85,909 $59,619 $948,353 $26,290
2020 $51,969 $82,796 $922,063 $-30,827
2019 $93,937 $111,831 $953,985 $-17,894
2018 $72,958 $96,965 $971,863 $-24,007
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