Foundation of District 304

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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

2012

Legal Domicile

Principal Officer

Ted Brockmann

Phone

3608547157

Tax Period

2025-01-01 to 2025-12-31

Foundation of District 304, founded in 2012, is a small nonprofit in the Health Care sector that reported $249K in total revenue in fiscal year 2025. Revenue fell 44% from the prior year — a significant decline worth monitoring.

Mission

Support Skagit County Public Hospital District 304 to offer more than 50 programs promoting health & wellbeing at every stage of life.

Program Service Accomplishments

Program 1

Expenses: $248,985 Revenue: $0

Support Skagit County Public Hospital District 304 in serving residents of Skagit County within District 304 boundaries to offer more than 50 programs promoting health & wellbeing at every stage of life through our six pillars: Community & Professional Education, Engaged Youth & Communities, Active Living, Healthy Eating, Thriving Children & Families, and Stewarding Assets & Opportunities.

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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 (2025)

Revenue Breakdown

Contributions & Grants $248,984

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $248,984

Expense Breakdown

Grants Paid $262,433

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $248,985

Other Expenses $1,652

TOTAL EXPENSES $264,085

Year-over-Year Comparison

	2025	2024	Change
Revenue	$248,984	$447,651	-0.4%
Expenses	$264,085	$448,447	-0.4%
Net Income	$-15,101	$-796	+18.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ted Brockmann	Chair	N/A	Director	$0	$0	$0
Carol W Hawk	Secretary	N/A	Director	$0	$0	$0
Chris Johnston	Director	N/A	Director	$0	$0	$0
Robert M Stanley	Director	N/A	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	$248,984	$264,085	$8,527	$-15,101
2024	No data	No data	No data	No data
2023	$702,909	$706,497	$5,510	$-3,588
2022	$602,022	$603,216	$128,937	$-1,194
2021	$498,146	$505,770	$59,449	$-7,624
2020	$368,281	$374,649	$128,313	$-6,368
2019	$294,510	$311,182	$96,505	$-16,672
2018	$154,906	$171,004	$92,103	$-16,098